HB Wealth Management LLC Sells 5,295 Shares of Lincoln National Co. (NYSE:LNC)

HB Wealth Management LLC trimmed its position in shares of Lincoln National Co. (NYSE:LNC) by 23.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,404 shares of the financial services provider’s stock after selling 5,295 shares during the period. HB Wealth Management LLC’s holdings in Lincoln National were worth $469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Sweet Financial Partners LLC purchased a new position in shares of Lincoln National in the 4th quarter worth approximately $275,000. Register Financial Advisors LLC increased its position in Lincoln National by 14.2% during the fourth quarter. Register Financial Advisors LLC now owns 16,285 shares of the financial services provider’s stock valued at $439,000 after acquiring an additional 2,030 shares during the last quarter. Naples Global Advisors LLC lifted its stake in Lincoln National by 5.5% in the fourth quarter. Naples Global Advisors LLC now owns 62,135 shares of the financial services provider’s stock worth $1,676,000 after purchasing an additional 3,265 shares during the last quarter. BluePath Capital Management LLC boosted its position in shares of Lincoln National by 19.3% during the fourth quarter. BluePath Capital Management LLC now owns 23,488 shares of the financial services provider’s stock valued at $664,000 after buying an additional 3,808 shares during the period. Finally, Cornerstone Wealth Management LLC grew its stake in shares of Lincoln National by 34.8% during the fourth quarter. Cornerstone Wealth Management LLC now owns 22,007 shares of the financial services provider’s stock valued at $594,000 after buying an additional 5,676 shares during the last quarter. 72.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group boosted 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. StockNews.com upgraded shares of Lincoln National from a “sell” rating to a “hold” rating in a report on Friday, March 15th. TheStreet downgraded shares of Lincoln National from a “c” rating to a “d+” rating in a research note on Thursday, February 8th. Jefferies Financial Group raised shares of Lincoln National from an “underperform” rating to a “hold” rating in a research note on Monday, February 12th. Finally, Evercore ISI increased their price objective on Lincoln National from $32.00 to $33.00 and gave the stock an “in-line” rating in a research note on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $26.60.

Insider Buying and Selling

In other news, Director Owen Ryan acquired 10,000 shares of the business’s stock in a transaction dated 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 acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.75% of the stock is currently owned by company insiders.

Lincoln National Stock Performance

Shares of Lincoln National stock opened at $32.08 on Thursday. The company has a market capitalization of $5.44 billion, a PE ratio of -6.43, a P/E/G ratio of 0.19 and a beta of 1.79. Lincoln National Co. has a one year low of $18.50 and a one year high of $32.17. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.26 and a current ratio of 0.26. The company has a 50-day simple moving average of $27.55 and a two-hundred day simple moving average of $25.71.

Lincoln National (NYSE:LNC) last announced its earnings results on Thursday, February 8th. The financial services provider reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.13. Lincoln National had a positive return on equity of 20.81% and a negative net margin of 6.46%. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $4.44 billion. Research analysts expect that Lincoln National Co. will post 6.62 EPS for the current fiscal year.

Lincoln National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 5.61%. The ex-dividend date is Tuesday, April 9th. Lincoln National’s payout ratio is -36.07%.

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.