Lincoln National Co. (NYSE:LNC) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN decreased its position in shares of Lincoln National Co. (NYSE:LNC) by 5.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,477 shares of the financial services provider’s stock after selling 490 shares during the quarter. OLD National Bancorp IN’s holdings in Lincoln National were worth $229,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Security Financial Services INC. boosted its holdings in shares of Lincoln National by 4.6% during the fourth quarter. Security Financial Services INC. now owns 8,803 shares of the financial services provider’s stock valued at $237,000 after acquiring an additional 385 shares during the period. Greenleaf Trust lifted its holdings in Lincoln National by 3.9% in the third quarter. Greenleaf Trust now owns 12,557 shares of the financial services provider’s stock worth $310,000 after purchasing an additional 468 shares during the period. Allworth Financial LP lifted its holdings in Lincoln National by 14.4% in the fourth quarter. Allworth Financial LP now owns 4,238 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 532 shares during the period. Advisor Partners II LLC lifted its holdings in Lincoln National by 1.6% in the third quarter. Advisor Partners II LLC now owns 34,732 shares of the financial services provider’s stock worth $858,000 after purchasing an additional 550 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings 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 period. Institutional investors and hedge funds own 72.81% of the company’s stock.

Lincoln National Price Performance

Shares of Lincoln National stock opened at $27.81 on Friday. The company’s 50-day moving average price is $28.42 and its two-hundred day moving average price is $26.43. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.96. The stock has a market cap of $4.73 billion, a PE ratio of -5.57, a price-to-earnings-growth ratio of 0.18 and a beta of 1.81. Lincoln National Co. has a 52 week low of $18.50 and a 52 week high of $32.43.

Lincoln National (NYSE:LNC) last posted 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 for the quarter, compared to the consensus estimate of $4.44 billion. Lincoln National had a positive return on equity of 20.81% and a negative net margin of 6.46%. As a group, sell-side analysts anticipate that Lincoln National Co. will post 6.47 EPS for the current fiscal year.

Lincoln National Dividend Announcement

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 issued a dividend of $0.45 per share. The ex-dividend date is Tuesday, April 9th. This represents a $1.80 annualized dividend and a yield of 6.47%. Lincoln National’s payout ratio 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 shares were purchased at an average price of $25.90 per share, for a total transaction of $259,000.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at $259,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LNC. TheStreet downgraded shares of Lincoln National from a “c” rating to a “d+” rating in a report on Thursday, February 8th. Wells Fargo & Company upped their price objective on shares of Lincoln National from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Thursday, April 11th. JPMorgan Chase & Co. upped their price objective on shares of Lincoln National from $26.00 to $29.00 and gave the stock an “underweight” rating in a report on Tuesday, April 2nd. StockNews.com raised shares of Lincoln National from a “sell” rating to a “hold” rating in a report on Monday, April 15th. Finally, The Goldman Sachs Group upped their price objective on shares of Lincoln National from $29.00 to $36.00 and gave the stock a “buy” rating in a report on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Lincoln National has an average rating of “Hold” and a consensus target price of $28.45.

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.