Lincoln National Co. (NYSE:LNC) Shares Sold by Keybank National Association OH

Keybank National Association OH reduced its position in shares of Lincoln National Co. (NYSE:LNC) by 35.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,087 shares of the financial services provider’s stock after selling 4,467 shares during the quarter. Keybank National Association OH’s holdings in Lincoln National were worth $256,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LNC. Hennessy Advisors Inc. bought a new position in Lincoln National during the 4th quarter valued at $54,189,000. Principal Financial Group Inc. boosted its stake in shares of Lincoln National by 7.2% during the 3rd quarter. Principal Financial Group Inc. now owns 3,309,453 shares of the financial services provider’s stock worth $104,281,000 after acquiring an additional 223,129 shares in the last quarter. Two Sigma Advisers LP boosted its stake in shares of Lincoln National by 9.7% during the 3rd quarter. Two Sigma Advisers LP now owns 2,355,000 shares of the financial services provider’s stock worth $74,206,000 after acquiring an additional 207,800 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Lincoln National by 4.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,763,703 shares of the financial services provider’s stock worth $150,104,000 after acquiring an additional 193,025 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Lincoln National by 119.6% during the 3rd quarter. Bank of Montreal Can now owns 325,808 shares of the financial services provider’s stock worth $10,237,000 after acquiring an additional 177,430 shares in the last quarter. 72.81% of the stock is owned by institutional investors.

Lincoln National Price Performance

LNC opened at $34.78 on Wednesday. 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 Co. has a 12-month low of $25.80 and a 12-month high of $39.85. The stock has a fifty day moving average of $35.08 and a 200-day moving average of $33.51. The firm has a market capitalization of $5.93 billion, a P/E ratio of 1.89, a PEG ratio of 0.30 and a beta of 1.76.

Lincoln National (NYSE:LNC) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.91 earnings per share (EPS) 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 analysts forecast that Lincoln National Co. will post 7.69 EPS for the current fiscal year.

Lincoln National Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, April 10th. This represents a $1.80 annualized dividend and a dividend yield of 5.17%. Lincoln National’s dividend payout ratio is 9.79%.

Analyst Upgrades and Downgrades

LNC has been the subject of several research reports. Wells Fargo & Company raised their price objective on Lincoln National from $28.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 19th. Morgan Stanley raised their price objective on Lincoln National from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Keefe, Bruyette & Woods raised their price objective on Lincoln National from $37.00 to $40.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 12th. Barclays raised their price objective on Lincoln National from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. Finally, TD Cowen increased their target price on Lincoln National from $34.00 to $37.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $37.40.

Lincoln National 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.