Lincoln National Co. (NYSE:LNC) Stock Position Lessened by Truist Financial Corp

Truist Financial Corp decreased its holdings in Lincoln National Co. (NYSE:LNC) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 175,656 shares of the financial services provider’s stock after selling 10,402 shares during the quarter. Truist Financial Corp owned 0.10% of Lincoln National worth $5,570,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. State Street Corp grew its stake in shares of Lincoln National by 1.3% in the third quarter. State Street Corp now owns 6,227,993 shares of the financial services provider’s stock worth $196,244,000 after purchasing an additional 79,955 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Lincoln National by 4.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,763,703 shares of the financial services provider’s stock worth $150,104,000 after purchasing an additional 193,025 shares in the last quarter. Geode Capital Management LLC grew its stake 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 purchasing an additional 152,622 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Lincoln National by 7.2% in 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 in the last quarter. Finally, Two Sigma Advisers LP boosted its stake in Lincoln National by 9.7% during the third quarter. Two Sigma Advisers LP now owns 2,355,000 shares of the financial services provider’s stock valued at $74,206,000 after buying an additional 207,800 shares in the last quarter. Institutional investors own 72.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Keefe, Bruyette & Woods raised their target price on Lincoln National from $37.00 to $40.00 and gave the company a “market perform” rating in a research note on Wednesday, February 12th. TD Cowen raised their target price on Lincoln National from $34.00 to $37.00 and gave the company a “hold” rating in a research note on Wednesday, November 27th. StockNews.com raised Lincoln National from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Barclays raised their target price on Lincoln National from $36.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. Finally, Evercore ISI raised their target price on Lincoln National from $41.00 to $44.00 and gave the company an “in-line” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $37.10.

Lincoln National Trading Down 3.2 %

NYSE:LNC opened at $37.55 on Friday. The stock has a fifty day simple moving average of $33.89 and a 200 day simple moving average of $32.95. The firm has a market capitalization of $6.40 billion, a price-to-earnings ratio of 2.04, a price-to-earnings-growth ratio of 0.30 and a beta of 1.79. 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 1-year low of $25.60 and a 1-year high of $39.85.

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%. Sell-side analysts forecast that Lincoln National Co. will post 7.69 earnings per share for the current year.

Lincoln National Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.79%. The ex-dividend date of this dividend is Thursday, April 10th. Lincoln National’s dividend payout ratio is currently 9.79%.

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.