Todd Asset Management LLC Reduces Stake in Lincoln National Co. (NYSE:LNC)

Todd Asset Management LLC lowered its stake in Lincoln National Co. (NYSE:LNC) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,051 shares of the financial services provider’s stock after selling 593 shares during the period. Todd Asset Management LLC’s holdings in Lincoln National were worth $999,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LNC. Financial Gravity Asset Management Inc. lifted its stake in Lincoln National by 3,930.8% in the third quarter. Financial Gravity Asset Management Inc. now owns 1,048 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 1,022 shares during the last quarter. CVA Family Office LLC bought a new stake in Lincoln National in the fourth quarter worth about $37,000. Highlander Capital Management LLC lifted its stake in Lincoln National by 200.0% in the fourth quarter. Highlander Capital Management LLC now owns 1,500 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 1,000 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in Lincoln National by 115.2% in the third quarter. Parkside Financial Bank & Trust now owns 1,752 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 938 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Lincoln National by 47.0% in the third quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 571 shares during the last quarter. Hedge funds and other institutional investors own 72.81% of the company’s stock.

Lincoln National Stock Up 4.3 %

LNC stock traded up $1.17 during trading on Friday, hitting $28.10. 1,940,141 shares of the company’s stock traded hands, compared to its average volume of 1,703,920. The business has a fifty day simple moving average of $28.46 and a two-hundred day simple moving average of $26.56. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.87. Lincoln National Co. has a 1 year low of $18.50 and a 1 year high of $32.43. The firm has a market capitalization of $4.78 billion, a P/E ratio of 3.84, a PEG ratio of 0.17 and a beta of 1.80.

Lincoln National (NYSE:LNC) last released its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.13. Lincoln National had a net margin of 11.31% and a return on equity of 19.50%. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $4.44 billion. Sell-side analysts anticipate that Lincoln National Co. will post 6.39 EPS for the current year.

Lincoln National Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 6.41%. The ex-dividend date of this dividend was Tuesday, April 9th. Lincoln National’s dividend payout ratio is currently 24.62%.

Insiders Place Their Bets

In other news, Director Owen Ryan purchased 10,000 shares of the business’s stock in a transaction on Friday, February 9th. The shares were acquired at an average cost of $25.90 per share, with a total value of $259,000.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $259,000. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on LNC shares. UBS Group raised their price objective on shares of Lincoln National from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 10th. The Goldman Sachs Group raised their price objective on shares of Lincoln National from $29.00 to $36.00 and gave the stock a “buy” rating in a research note on Tuesday, January 9th. StockNews.com raised shares of Lincoln National from a “sell” rating to a “hold” rating in a research note on Monday, April 15th. JPMorgan Chase & Co. lifted their price target on shares of Lincoln National from $26.00 to $29.00 and gave the company an “underweight” rating in a research note on Tuesday, April 2nd. Finally, Wells Fargo & Company lifted their price target on shares of Lincoln National from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Lincoln National presently has a consensus rating of “Hold” and an average price target of $28.45.

Lincoln National Company Profile

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates in four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders.