Intellectus Partners LLC Has $475,000 Stock Holdings in Lincoln National Co. (NYSE:LNC)

Intellectus Partners LLC decreased its position in shares of Lincoln National Co. (NYSE:LNC) by 42.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,980 shares of the financial services provider’s stock after selling 11,074 shares during the period. Intellectus Partners LLC’s holdings in Lincoln National were worth $475,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in LNC. Hennessy Advisors Inc. acquired a new stake in shares of Lincoln National during the 4th quarter worth approximately $54,189,000. Raymond James Financial Inc. acquired a new stake in Lincoln National in the fourth quarter valued at approximately $8,155,000. Principal Financial Group Inc. boosted its position in 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 valued at $104,281,000 after buying an additional 223,129 shares in the last quarter. Two Sigma Advisers LP boosted its position in Lincoln National by 9.7% in 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. Finally, Massachusetts Financial Services Co. MA boosted its position in 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 valued at $150,104,000 after buying an additional 193,025 shares in the last quarter. Institutional investors and hedge funds own 72.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LNC. Wells Fargo & Company raised 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 report on Wednesday, February 19th. Evercore ISI raised 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 report on Wednesday, February 19th. Keefe, Bruyette & Woods raised 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 report on Wednesday, February 12th. Morgan Stanley raised their target price on shares of Lincoln National from $39.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Finally, TD Cowen lifted their price target on shares of Lincoln National from $34.00 to $37.00 and gave the stock 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 issued a buy rating to the stock. According to MarketBeat, Lincoln National has a consensus rating of “Hold” and an average price target of $37.40.

Lincoln National Price Performance

Shares of NYSE:LNC opened at $35.60 on Friday. Lincoln National Co. has a 52 week low of $25.80 and a 52 week high of $39.85. The firm’s fifty day moving average is $34.97 and its 200-day moving average is $33.45. The firm has a market cap of $6.07 billion, a PE ratio of 1.94, a price-to-earnings-growth ratio of 0.30 and a beta of 1.76. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.27 and a current ratio of 0.27.

Lincoln National (NYSE:LNC) last announced its earnings results 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%. Sell-side analysts predict that Lincoln National Co. will post 7.69 earnings per share for the current year.

Lincoln National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date of this dividend is Thursday, April 10th. Lincoln National’s dividend payout ratio is presently 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.