Stephens Inc. AR Decreases Stake in Lincoln National Co. (NYSE:LNC)

Stephens Inc. AR lessened its stake in shares of Lincoln National Co. (NYSE:LNC) by 5.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,902 shares of the financial services provider’s stock after selling 800 shares during the period. Stephens Inc. AR’s holdings in Lincoln National were worth $441,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Empowered Funds LLC purchased a new position in shares of Lincoln National during the 4th quarter worth $450,000. Cantor Fitzgerald Investment Advisors L.P. increased its position in shares of Lincoln National by 1.2% during the 4th quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 85,832 shares of the financial services provider’s stock worth $2,722,000 after purchasing an additional 1,050 shares during the last quarter. Triasima Portfolio Management inc. increased its position in shares of Lincoln National by 4.2% during the 4th quarter. Triasima Portfolio Management inc. now owns 17,224 shares of the financial services provider’s stock worth $546,000 after purchasing an additional 699 shares during the last quarter. Lecap Asset Management Ltd. acquired a new stake in shares of Lincoln National during the 4th quarter worth about $873,000. Finally, Hedeker Wealth LLC increased its position in shares of Lincoln National by 2.5% during the 4th quarter. Hedeker Wealth LLC now owns 83,464 shares of the financial services provider’s stock worth $2,647,000 after purchasing an additional 2,062 shares during the last quarter. Hedge funds and other institutional investors own 72.81% of the company’s stock.

Lincoln National Price Performance

LNC stock opened at $39.09 on Friday. The business has a 50 day moving average price of $33.32 and a 200 day moving average price of $32.69. The stock has a market cap of $6.66 billion, a price-to-earnings ratio of 2.13, a PEG ratio of 0.28 and a beta of 1.79. Lincoln National Co. has a fifty-two week low of $25.60 and a fifty-two week high of $39.85. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.80.

Lincoln National (NYSE:LNC) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.04. Lincoln National had a return on equity of 18.47% and a net margin of 17.76%. Equities research analysts anticipate that Lincoln National Co. will post 7.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on LNC shares. Morgan Stanley raised their price objective on Lincoln National from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Friday. TD Cowen lifted their target price on Lincoln National from $34.00 to $37.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. StockNews.com raised Lincoln National from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Barclays lifted their target price on Lincoln National from $36.00 to $38.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Finally, Keefe, Bruyette & Woods lifted their target price on Lincoln National from $37.00 to $40.00 and gave the company a “market perform” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $35.40.

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.