Gateway Investment Advisers LLC trimmed its holdings in Lincoln National Co. (NYSE:LNC) by 19.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 259,578 shares of the financial services provider’s stock after selling 62,746 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Lincoln National were worth $19,954,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in LNC. Janus Henderson Group PLC grew its stake in Lincoln National by 3,936.0% in the 2nd quarter. Janus Henderson Group PLC now owns 1,196,540 shares of the financial services provider’s stock valued at $80,862,000 after buying an additional 1,166,893 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Lincoln National by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 23,649,087 shares of the financial services provider’s stock valued at $1,598,205,000 after purchasing an additional 764,714 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in Lincoln National by 90.5% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,117,085 shares of the financial services provider’s stock valued at $75,493,000 after purchasing an additional 530,618 shares during the period. Sit Investment Associates Inc. boosted its holdings in Lincoln National by 473,333.3% in the 3rd quarter. Sit Investment Associates Inc. now owns 269,857 shares of the financial services provider’s stock valued at $19,829,000 after purchasing an additional 269,800 shares during the period. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings in Lincoln National by 84.2% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 544,208 shares of the financial services provider’s stock valued at $36,777,000 after purchasing an additional 248,800 shares during the period. Institutional investors and hedge funds own 80.35% of the company’s stock.

Shares of Lincoln National Co. (NYSE LNC) opened at $82.98 on Thursday. Lincoln National Co. has a fifty-two week low of $61.45 and a fifty-two week high of $85.20. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.30. The stock has a market cap of $18,055.62, a price-to-earnings ratio of 12.99, a PEG ratio of 1.13 and a beta of 2.01.

Lincoln National (NYSE:LNC) last posted its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.19. Lincoln National had a net margin of 10.50% and a return on equity of 11.16%. The company had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.62 billion. During the same period in the previous year, the firm posted $1.89 EPS. The firm’s revenue was down .4% compared to the same quarter last year. research analysts predict that Lincoln National Co. will post 7.72 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be issued a dividend of $0.33 per share. This is an increase from Lincoln National’s previous quarterly dividend of $0.29. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Tuesday, January 9th. Lincoln National’s payout ratio is currently 20.66%.

Several brokerages have commented on LNC. Barclays reissued a “buy” rating and issued a $90.00 price target on shares of Lincoln National in a report on Tuesday, January 9th. Zacks Investment Research raised shares of Lincoln National from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a report on Monday, January 8th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $89.00 price target on shares of Lincoln National in a report on Friday, December 22nd. Royal Bank of Canada reissued a “buy” rating and issued a $86.00 price target on shares of Lincoln National in a report on Friday, December 8th. Finally, Deutsche Bank began coverage on shares of Lincoln National in a report on Tuesday, January 2nd. They issued a “buy” rating and a $84.00 price target for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. Lincoln National has an average rating of “Buy” and an average target price of $83.27.

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Lincoln National Company Profile

Lincoln National Corporation is a holding company, which operates insurance and retirement businesses through subsidiary companies. The Company sells a range of wealth protection, accumulation and retirement income products and solutions, through its business segments. The Company operates through four segments: Annuities segment, which offers fixed (including indexed) and variable annuities; Retirement Plan Services segment, which provides employers with retirement plan products and services; Life Insurance segment, which focuses on the creation and protection of wealth through life insurance products, and Group Protection, which offers principally group non-medical insurance products.

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Institutional Ownership by Quarter for Lincoln National (NYSE:LNC)

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