Lincoln National Co. (NYSE:LNC) Shares Sold by Cwm LLC

Cwm LLC trimmed its position in Lincoln National Co. (NYSE:LNC) by 23.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,407 shares of the financial services provider’s stock after selling 2,006 shares during the period. Cwm LLC’s holdings in Lincoln National were worth $173,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of LNC. Federated Hermes Inc. increased its stake in shares of Lincoln National by 307.5% during the fourth quarter. Federated Hermes Inc. now owns 6,924 shares of the financial services provider’s stock worth $187,000 after acquiring an additional 5,225 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Lincoln National by 15.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,194 shares of the financial services provider’s stock worth $1,003,000 after purchasing an additional 5,064 shares during the period. Everence Capital Management Inc. raised its stake in shares of Lincoln National by 20.5% during the 4th quarter. Everence Capital Management Inc. now owns 26,790 shares of the financial services provider’s stock worth $723,000 after buying an additional 4,550 shares in the last quarter. Lecap Asset Management Ltd. acquired a new stake in shares of Lincoln National in the 4th quarter valued at approximately $873,000. Finally, Capital Advisors Inc. OK purchased a new stake in shares of Lincoln National in the fourth quarter valued at approximately $3,102,000. 72.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LNC has been the subject of a number of recent analyst reports. Jefferies Financial Group raised Lincoln National from an “underperform” rating to a “hold” rating in a report on Monday, February 12th. JPMorgan Chase & Co. raised their price objective 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. StockNews.com upgraded shares of Lincoln National from a “sell” rating to a “hold” rating in a research report on Monday, April 15th. The Goldman Sachs Group increased their target price on shares of Lincoln National from $29.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, January 9th. Finally, TheStreet lowered Lincoln National from a “c” rating to a “d+” rating in a research note on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Lincoln National has a consensus rating of “Hold” and an average target price of $28.45.

Insider Buying and Selling

In other Lincoln National news, Director Owen Ryan purchased 10,000 shares of Lincoln National stock in a transaction on Friday, February 9th. The shares were bought at an average price of $25.90 per share, with a total value of $259,000.00. Following the purchase, the director now directly owns 10,000 shares in the company, valued at approximately $259,000. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.54% of the stock is owned by company insiders.

Lincoln National Stock Performance

Lincoln National stock opened at $28.10 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.26 and a current ratio of 0.26. Lincoln National Co. has a fifty-two week low of $18.50 and a fifty-two week high of $32.43. The stock has a fifty day moving average of $28.46 and a two-hundred day moving average of $26.56. The company has a market capitalization of $4.78 billion, a price-to-earnings ratio of 3.84, a PEG ratio of 0.17 and a beta of 1.80.

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, beating 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 firm had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $4.44 billion. On average, analysts anticipate that Lincoln National Co. will post 6.39 EPS for the current fiscal year.

Lincoln National Dividend Announcement

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

About Lincoln National

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.