Greenleaf Trust Has $299,000 Holdings in Lincoln National Co. (NYSE:LNC)

Greenleaf Trust lessened its holdings in shares of Lincoln National Co. (NYSE:LNC) by 11.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,072 shares of the financial services provider’s stock after selling 1,485 shares during the quarter. Greenleaf Trust’s holdings in Lincoln National were worth $299,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in LNC. Hsbc Holdings PLC raised its stake in Lincoln National by 2,107.9% during the 3rd quarter. Hsbc Holdings PLC now owns 4,279,462 shares of the financial services provider’s stock worth $105,703,000 after buying an additional 4,085,637 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in Lincoln National by 53.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 3,157,195 shares of the financial services provider’s stock worth $77,951,000 after purchasing an additional 1,098,532 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Lincoln National by 82.1% during the 3rd quarter. Principal Financial Group Inc. now owns 1,758,754 shares of the financial services provider’s stock worth $43,424,000 after purchasing an additional 792,900 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in Lincoln National during the 4th quarter worth about $19,350,000. Finally, International Assets Investment Management LLC increased its holdings in Lincoln National by 2,549.8% during the 4th quarter. International Assets Investment Management LLC now owns 719,801 shares of the financial services provider’s stock worth $19,413,000 after purchasing an additional 692,637 shares in the last quarter. Institutional investors and hedge funds own 72.81% of the company’s stock.

Lincoln National Stock Up 1.7 %

Shares of NYSE:LNC opened at $28.73 on Wednesday. Lincoln National Co. has a 52-week low of $18.50 and a 52-week high of $32.43. The company has a 50-day simple moving average of $28.38 and a 200 day simple moving average of $26.37. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.96.

Lincoln National (NYSE:LNC) last issued its quarterly earnings data 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. The firm had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $4.44 billion. Lincoln National had a negative net margin of 6.46% and a positive return on equity of 20.81%. Research analysts forecast that Lincoln National Co. will post 6.47 earnings per share for the current fiscal year.

Lincoln National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.80 annualized dividend and a yield of 6.27%. Lincoln National’s dividend payout ratio (DPR) is presently -36.07%.

Insiders Place Their Bets

In related news, Director Owen Ryan acquired 10,000 shares of the business’s stock in a transaction on Friday, February 9th. The stock was purchased at an average cost of $25.90 per share, for a total transaction of $259,000.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $259,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on LNC shares. TheStreet cut Lincoln National from a “c” rating to a “d+” rating in a report on Thursday, February 8th. UBS Group increased their target price on Lincoln National from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, January 10th. The Goldman Sachs Group raised their price objective on Lincoln National from $29.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, January 9th. Evercore ISI raised their price objective on Lincoln National from $33.00 to $35.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. Finally, Keefe, Bruyette & Woods raised their price objective on Lincoln National from $30.00 to $32.00 and gave the company a “market perform” rating in a report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Lincoln National 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.