Lincoln National Co. (NYSE:LNC) Stock Position Decreased by Wintrust Investments LLC

Wintrust Investments LLC lessened its holdings in shares of Lincoln National Co. (NYSE:LNC) by 74.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 823 shares of the financial services provider’s stock after selling 2,405 shares during the period. Wintrust Investments LLC’s holdings in Lincoln National were worth $26,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Forvis Mazars Wealth Advisors LLC grew its position in shares of Lincoln National by 3.1% during the 4th quarter. Forvis Mazars Wealth Advisors LLC now owns 11,199 shares of the financial services provider’s stock valued at $355,000 after buying an additional 338 shares during the last quarter. Roman Butler Fullerton & Co. grew its position in shares of Lincoln National by 5.5% during the 4th quarter. Roman Butler Fullerton & Co. now owns 6,610 shares of the financial services provider’s stock valued at $224,000 after buying an additional 343 shares during the last quarter. Versant Capital Management Inc grew its position in Lincoln National by 20.2% in the 4th quarter. Versant Capital Management Inc now owns 2,104 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 354 shares during the last quarter. Arizona State Retirement System grew its position in Lincoln National by 0.9% in the 4th quarter. Arizona State Retirement System now owns 49,394 shares of the financial services provider’s stock worth $1,566,000 after purchasing an additional 436 shares during the last quarter. Finally, Quarry LP grew its position in Lincoln National by 23.2% in the 3rd quarter. Quarry LP now owns 2,793 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 526 shares during the last quarter. Institutional investors own 72.81% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on LNC. Wells Fargo & Company upped their target price on shares of Lincoln National from $28.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. Morgan Stanley upped their target price on shares of Lincoln National from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Barclays upped their target price on shares of Lincoln National from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. TD Cowen upped their target price on shares of Lincoln National from $34.00 to $37.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. Finally, Evercore ISI upped their price target on shares of Lincoln National from $41.00 to $44.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Lincoln National has an average rating of “Hold” and a consensus price target of $37.40.

Lincoln National Stock Up 4.7 %

LNC stock opened at $36.06 on Friday. Lincoln National Co. has a 12 month low of $25.80 and a 12 month high of $39.85. The firm has a market cap of $6.15 billion, a PE ratio of 1.96, a P/E/G ratio of 0.30 and a beta of 1.76. The firm has a 50 day simple moving average of $35.28 and a 200 day simple moving average of $33.56. 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 (NYSE:LNC) last released its earnings results on Thursday, February 6th. The financial services provider reported $1.91 EPS for the quarter, beating the consensus estimate of $1.87 by $0.04. Lincoln National had a net margin of 17.76% and a return on equity of 18.47%. Equities research analysts forecast that Lincoln National Co. will post 7.69 earnings per share for the current fiscal year.

Lincoln National Dividend Announcement

The firm 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 annualized dividend and a yield of 4.99%. The ex-dividend date is Thursday, April 10th. Lincoln National’s dividend payout ratio is presently 9.79%.

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.