Voya Investment Management LLC Has $3.83 Million Stake in Lincoln National Corporation $LNC

Voya Investment Management LLC decreased its stake in shares of Lincoln National Corporation (NYSE:LNC) by 26.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 95,047 shares of the financial services provider’s stock after selling 33,366 shares during the quarter. Voya Investment Management LLC’s holdings in Lincoln National were worth $3,833,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Advisors Asset Management Inc. acquired a new stake in Lincoln National during the second quarter worth about $28,000. Ameritas Advisory Services LLC bought a new stake in shares of Lincoln National in the 2nd quarter worth approximately $29,000. Friedenthal Financial acquired a new stake in shares of Lincoln National during the 2nd quarter worth approximately $42,000. Hantz Financial Services Inc. increased its position in shares of Lincoln National by 3,927.0% during the second quarter. Hantz Financial Services Inc. now owns 1,490 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 1,453 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Lincoln National by 57.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,526 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 555 shares in the last quarter. Institutional investors own 72.81% of the company’s stock.

Insider Activity

In related news, Director Owen Ryan acquired 2,000 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were purchased at an average price of $42.17 per share, with a total value of $84,340.00. Following the acquisition, the director directly owned 12,000 shares in the company, valued at $506,040. The trade was a 20.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, EVP John Christopher Kennedy sold 3,519 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $44.15, for a total transaction of $155,363.85. Following the completion of the sale, the executive vice president owned 118,985 shares of the company’s stock, valued at $5,253,187.75. The trade was a 2.87% decrease in their position. The SEC filing for this sale provides additional information. 0.51% of the stock is owned by corporate insiders.

Lincoln National Stock Performance

NYSE:LNC opened at $45.73 on Friday. The stock has a market capitalization of $8.69 billion, a P/E ratio of 4.11, a price-to-earnings-growth ratio of 0.46 and a beta of 1.33. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.61. Lincoln National Corporation has a 1 year low of $27.58 and a 1 year high of $46.71. The firm has a 50 day moving average of $42.06 and a 200-day moving average of $39.38.

Lincoln National (NYSE:LNC) last released its quarterly earnings results on Thursday, October 30th. The financial services provider reported $2.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.20. Lincoln National had a return on equity of 18.77% and a net margin of 11.49%.The firm had revenue of $4.56 billion during the quarter, compared to analysts’ expectations of $4.80 billion. During the same period last year, the firm posted $2.06 EPS. As a group, sell-side analysts anticipate that Lincoln National Corporation will post 7.69 EPS for the current fiscal year.

Lincoln National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Monday, January 12th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, January 12th. Lincoln National’s payout ratio is currently 16.16%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LNC. Keefe, Bruyette & Woods lifted their price target on shares of Lincoln National from $43.00 to $44.00 and gave the stock a “market perform” rating in a research note on Monday, November 3rd. Barclays lifted their target price on shares of Lincoln National from $42.00 to $46.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. Wells Fargo & Company raised their price target on shares of Lincoln National from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 8th. Evercore ISI upped their price objective on Lincoln National from $45.00 to $46.00 and gave the company an “in-line” rating in a research note on Thursday, October 9th. Finally, Mizuho initiated coverage on Lincoln National in a research report on Tuesday, December 16th. They set an “outperform” rating and a $52.00 target price for the company. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $47.17.

About Lincoln National

Lincoln National Corporation, doing business as Lincoln Financial Group, is a diversified financial services holding company focused on providing retirement, insurance, and wealth management solutions in the United States and select international markets. Headquartered in Radnor, Pennsylvania, the company operates through several business segments, including Retirement Plan Services, Life Insurance, and Group Protection. Its offerings are designed to help individuals, families, and institutions plan and prepare for their financial futures.

The Retirement Plan Services segment delivers recordkeeping, administrative services, and investment management for defined contribution and defined benefit plans.