Natixis Advisors LLC Trims Stock Position in Lincoln National Co. (NYSE:LNC)

Natixis Advisors LLC decreased its position in Lincoln National Co. (NYSE:LNC) by 22.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,309 shares of the financial services provider’s stock after selling 9,259 shares during the period. Natixis Advisors LLC’s holdings in Lincoln National were worth $987,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of LNC. Price T Rowe Associates Inc. MD grew its position in shares of Lincoln National by 7.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 78,144 shares of the financial services provider’s stock worth $2,496,000 after buying an additional 5,176 shares in the last quarter. Tidal Investments LLC increased its position in Lincoln National by 25.6% during the 1st quarter. Tidal Investments LLC now owns 30,453 shares of the financial services provider’s stock valued at $972,000 after purchasing an additional 6,207 shares during the period. Jaffetilchin Investment Partners LLC bought a new stake in shares of Lincoln National in the 1st quarter valued at about $615,000. Algebris UK Ltd lifted its position in shares of Lincoln National by 122.5% in the 1st quarter. Algebris UK Ltd now owns 861,259 shares of the financial services provider’s stock worth $25,582,000 after purchasing an additional 474,171 shares during the period. Finally, Cetera Investment Advisers boosted its stake in shares of Lincoln National by 384.0% during the first quarter. Cetera Investment Advisers now owns 59,634 shares of the financial services provider’s stock valued at $1,904,000 after purchasing an additional 47,312 shares in the last quarter. Institutional investors own 72.81% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on LNC shares. Piper Sandler reduced their price objective on shares of Lincoln National from $37.00 to $34.00 and set a “neutral” rating for the company in a research note on Wednesday, October 2nd. Barclays boosted their price target on Lincoln National from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. TD Cowen started coverage on Lincoln National in a research report on Wednesday, October 9th. They set a “hold” rating and a $34.00 price objective on the stock. StockNews.com upgraded shares of Lincoln National from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company raised their price target on shares of Lincoln National from $28.00 to $29.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $33.00.

Lincoln National Stock Down 1.0 %

LNC stock opened at $35.37 on Wednesday. The stock has a market capitalization of $6.02 billion, a PE ratio of 25.26, a price-to-earnings-growth ratio of 0.32 and a beta of 1.79. Lincoln National Co. has a 52 week low of $23.40 and a 52 week high of $36.98. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.73. The firm has a 50 day moving average of $33.04 and a 200 day moving average of $31.91.

Lincoln National (NYSE:LNC) last posted its quarterly earnings data on Thursday, October 31st. The financial services provider reported $2.06 EPS for the quarter, topping the consensus estimate of $1.64 by $0.42. The business had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.61 billion. Lincoln National had a net margin of 2.51% and a return on equity of 18.15%. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 earnings per share. Sell-side analysts forecast that Lincoln National Co. will post 6.53 earnings per share for the current year.

Lincoln National Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 5.09%. The ex-dividend date is Friday, January 10th. Lincoln National’s payout ratio is 128.57%.

Insider Buying and Selling

In related news, EVP John Christopher Kennedy sold 2,863 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $36.00, for a total transaction of $103,068.00. Following the completion of the transaction, the executive vice president now owns 99,644 shares of the company’s stock, valued at $3,587,184. This trade represents a 2.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.54% of the company’s stock.

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.