International Assets Investment Management LLC Has $1.34 Million Stock Position in Lincoln National Co. (NYSE:LNC)

International Assets Investment Management LLC cut its holdings in Lincoln National Co. (NYSE:LNC) by 95.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 42,157 shares of the financial services provider’s stock after selling 924,222 shares during the quarter. International Assets Investment Management LLC’s holdings in Lincoln National were worth $1,342,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Blue Trust Inc. lifted its position in shares of Lincoln National by 535.5% during the 3rd quarter. Blue Trust Inc. now owns 1,074 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 905 shares during the period. Larson Financial Group LLC raised its holdings in shares of Lincoln National by 95.3% during the third quarter. Larson Financial Group LLC now owns 1,086 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 530 shares during the period. Eastern Bank bought a new position in shares of Lincoln National during the 3rd quarter worth about $40,000. Meeder Asset Management Inc. acquired a new stake in shares of Lincoln National in the 3rd quarter valued at about $48,000. Finally, Venturi Wealth Management LLC raised its stake in Lincoln National by 459.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,083 shares of the financial services provider’s stock worth $66,000 after buying an additional 1,711 shares during the period. 72.81% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP John Christopher Kennedy sold 2,863 shares of Lincoln National stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $36.00, for a total value of $103,068.00. Following the completion of the transaction, the executive vice president now directly owns 99,644 shares in the company, valued at approximately $3,587,184. The trade was a 2.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.54% of the company’s stock.

Lincoln National Stock Performance

Shares of LNC opened at $31.40 on Thursday. The stock has a 50 day moving average of $33.59 and a 200 day moving average of $32.22. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.73. Lincoln National Co. has a 12 month low of $25.09 and a 12 month high of $36.98. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 0.29 and a beta of 1.78.

Lincoln National (NYSE:LNC) last released its earnings results on Thursday, October 31st. The financial services provider reported $2.06 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.42. The company had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.61 billion. Lincoln National had a return on equity of 18.15% and a net margin of 2.51%. 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 business posted $0.23 EPS. As a group, sell-side analysts forecast that Lincoln National Co. will post 7.03 earnings per share for the current year.

Lincoln National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be issued a $0.45 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.73%. Lincoln National’s dividend payout ratio (DPR) is presently 128.57%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LNC. StockNews.com raised Lincoln National from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Barclays decreased their price target on shares of Lincoln National from $38.00 to $36.00 and set an “equal weight” rating for the company in a research note on Monday. Wells Fargo & Company raised their price objective on shares of Lincoln National from $28.00 to $29.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Piper Sandler decreased their target price on shares of Lincoln National from $37.00 to $34.00 and set a “neutral” rating for the company in a research report on Wednesday, October 2nd. Finally, TD Cowen raised their price target on shares of Lincoln National from $34.00 to $37.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Lincoln National has an average rating of “Hold” and an average target price of $33.25.

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.