Choreo LLC Sells 1,770 Shares of Lincoln National Co. (NYSE:LNC)

Choreo LLC decreased its position in shares of Lincoln National Co. (NYSE:LNC) by 10.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 15,666 shares of the financial services provider’s stock after selling 1,770 shares during the quarter. Choreo LLC’s holdings in Lincoln National were worth $494,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in Lincoln National by 7.2% during the third quarter. Principal Financial Group Inc. now owns 3,309,453 shares of the financial services provider’s stock worth $104,281,000 after purchasing an additional 223,129 shares during the period. Nisa Investment Advisors LLC grew its stake in Lincoln National by 19.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 64,658 shares of the financial services provider’s stock valued at $2,050,000 after buying an additional 10,560 shares in the last quarter. Range Financial Group LLC bought a new stake in Lincoln National during the 4th quarter valued at $1,075,000. Geode Capital Management LLC boosted its holdings in shares of Lincoln National by 4.7% in the third quarter. Geode Capital Management LLC now owns 3,373,487 shares of the financial services provider’s stock worth $106,322,000 after acquiring an additional 152,622 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of Lincoln National in the fourth quarter valued at $1,094,000. Hedge funds and other institutional investors own 72.81% of the company’s stock.

Lincoln National Stock Performance

NYSE:LNC opened at $38.40 on Wednesday. The company has a market capitalization of $6.54 billion, a price-to-earnings ratio of 2.09, a PEG ratio of 0.28 and a beta of 1.79. The business has a 50 day moving average of $33.06 and a 200 day moving average of $32.57. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.27 and a quick ratio of 0.27. Lincoln National Co. has a 1-year low of $25.60 and a 1-year high of $38.61.

Lincoln National (NYSE:LNC) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.04. Lincoln National had a net margin of 17.76% and a return on equity of 18.47%. On average, sell-side analysts predict that Lincoln National Co. will post 7.63 earnings per share for the current fiscal year.

Lincoln National Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were paid a dividend of $0.45 per share. The ex-dividend date was Friday, January 10th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.69%. Lincoln National’s dividend payout ratio (DPR) is currently 9.79%.

Analyst Ratings Changes

LNC has been the subject of a number of analyst reports. StockNews.com upgraded shares of Lincoln National from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Wells Fargo & Company lowered their price objective on Lincoln National from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Barclays boosted their target price on Lincoln National from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Finally, TD Cowen raised their price target on Lincoln National from $34.00 to $37.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $33.60.

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.