Lincoln National Co. (NYSE:LNC) Position Trimmed by Sanctuary Advisors LLC

Sanctuary Advisors LLC trimmed its holdings in shares of Lincoln National Co. (NYSE:LNC) by 20.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,707 shares of the financial services provider’s stock after selling 11,063 shares during the period. Sanctuary Advisors LLC’s holdings in Lincoln National were worth $1,386,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its stake in Lincoln National by 535.5% in the 3rd quarter. Blue Trust Inc. now owns 1,074 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 905 shares during the period. Larson Financial Group LLC boosted its stake in Lincoln National by 95.3% in the 3rd quarter. Larson Financial Group LLC now owns 1,086 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 530 shares during the period. Meeder Asset Management Inc. acquired a new position in Lincoln National in the 3rd quarter worth approximately $48,000. Crews Bank & Trust acquired a new stake in shares of Lincoln National during the 4th quarter valued at $51,000. Finally, Venturi Wealth Management LLC boosted its stake in shares of Lincoln National by 459.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,083 shares of the financial services provider’s stock valued at $66,000 after buying an additional 1,711 shares during the period. 72.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LNC has been the subject of a number of research reports. Evercore ISI lifted their target price on shares of Lincoln National from $41.00 to $44.00 and gave the company an “in-line” rating in a research note on Wednesday, February 19th. Wells Fargo & Company lifted their target price on shares of Lincoln National from $28.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. Barclays lifted their target price on shares of Lincoln National from $36.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. TD Cowen lifted their target price on shares of Lincoln National from $34.00 to $37.00 and gave the company a “hold” rating in a research note on Wednesday, November 27th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Lincoln National from $37.00 to $40.00 and gave the company a “market perform” rating in a research note on Wednesday, February 12th. One research 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $37.10.

Lincoln National Stock Down 0.1 %

Lincoln National stock opened at $37.34 on Wednesday. The company has a market cap of $6.36 billion, a P/E ratio of 2.03, a price-to-earnings-growth ratio of 0.30 and a beta of 1.79. Lincoln National Co. has a 1-year low of $25.60 and a 1-year high of $39.85. The company has a fifty day simple moving average of $34.07 and a 200 day simple moving average of $33.10. The company has a current ratio of 0.27, a quick 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 (EPS) 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%. Research analysts anticipate that Lincoln National Co. will post 7.69 earnings per share for the current fiscal year.

Lincoln National Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.80 annualized dividend and a yield of 4.82%. Lincoln National’s payout ratio is 9.79%.

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.