Concurrent Investment Advisors LLC Sells 858 Shares of Lincoln National Co. (NYSE:LNC)

Concurrent Investment Advisors LLC trimmed its holdings in Lincoln National Co. (NYSE:LNC) by 6.1% in the 4th quarter, Holdings Channel reports. The fund owned 13,197 shares of the financial services provider’s stock after selling 858 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Lincoln National were worth $418,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of LNC. State Street Corp grew its position in Lincoln National by 1.3% during the 3rd quarter. State Street Corp now owns 6,227,993 shares of the financial services provider’s stock valued at $196,244,000 after purchasing an additional 79,955 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Lincoln National by 4.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,763,703 shares of the financial services provider’s stock valued at $150,104,000 after purchasing an additional 193,025 shares during the last quarter. Geode Capital Management LLC grew its position in Lincoln National by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,373,487 shares of the financial services provider’s stock valued at $106,322,000 after purchasing an additional 152,622 shares during the last quarter. Principal Financial Group Inc. grew its position in Lincoln National by 7.2% during the 3rd quarter. Principal Financial Group Inc. now owns 3,309,453 shares of the financial services provider’s stock valued at $104,281,000 after purchasing an additional 223,129 shares during the last quarter. Finally, Two Sigma Advisers LP grew its position in Lincoln National by 9.7% during the 3rd quarter. Two Sigma Advisers LP now owns 2,355,000 shares of the financial services provider’s stock valued at $74,206,000 after purchasing an additional 207,800 shares during the last quarter. 72.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Lincoln National from $37.00 to $40.00 and gave the company a “market perform” rating in a research report on Wednesday, February 12th. Morgan Stanley raised their price target on shares of Lincoln National from $36.00 to $39.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Barclays raised their price target on shares of Lincoln National from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Evercore ISI raised their price target on shares of Lincoln National from $41.00 to $44.00 and gave the company an “in-line” rating in a report on Wednesday, February 19th. Finally, Wells Fargo & Company raised their price target on shares of Lincoln National from $28.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $37.10.

Lincoln National Stock Performance

LNC opened at $37.42 on Tuesday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.80. The company has a market cap of $6.37 billion, a price-to-earnings ratio of 2.04, a PEG ratio of 0.30 and a beta of 1.79. The company’s 50 day moving average is $33.97 and its 200 day moving average is $33.04. Lincoln National Co. has a 12-month low of $25.60 and a 12-month high of $39.85.

Lincoln National (NYSE:LNC) last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.04. Lincoln National had a net margin of 17.76% and a return on equity of 18.47%. On average, equities research analysts predict that Lincoln National Co. will post 7.69 EPS for the current year.

Lincoln National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date of this dividend is Thursday, April 10th. Lincoln National’s payout ratio is 9.79%.

Lincoln National 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.