Lincoln National Co. (NYSE:LNC) Shares Sold by Man Group plc

Man Group plc lowered its position in Lincoln National Co. (NYSE:LNC) by 46.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 154,983 shares of the financial services provider’s stock after selling 132,432 shares during the period. Man Group plc owned about 0.09% of Lincoln National worth $4,915,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position in shares of Lincoln National by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,876,319 shares of the financial services provider’s stock valued at $91,208,000 after acquiring an additional 56,614 shares during the period. Norges Bank acquired a new stake in shares of Lincoln National during the 4th quarter valued at approximately $76,951,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Lincoln National by 84.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,543,624 shares of the financial services provider’s stock valued at $48,948,000 after acquiring an additional 708,584 shares during the period. Balyasny Asset Management L.P. lifted its position in shares of Lincoln National by 301.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,522,195 shares of the financial services provider’s stock valued at $48,269,000 after acquiring an additional 1,142,759 shares during the period. Finally, First Trust Advisors LP lifted its position in shares of Lincoln National by 53.1% during the 4th quarter. First Trust Advisors LP now owns 1,258,512 shares of the financial services provider’s stock valued at $39,907,000 after acquiring an additional 436,462 shares during the period. Institutional investors and hedge funds own 72.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on LNC shares. Barclays raised their price objective on shares of Lincoln National from $38.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday, May 9th. StockNews.com cut shares of Lincoln National from a “hold” rating to a “sell” rating in a research note on Monday, May 12th. Evercore ISI raised their price objective 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. Keefe, Bruyette & Woods dropped their price objective on shares of Lincoln National from $40.00 to $38.00 and set a “market perform” rating for the company in a research note on Wednesday, April 9th. Finally, Piper Sandler dropped their price objective on shares of Lincoln National from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, May 9th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $36.82.

Lincoln National Price Performance

LNC opened at $33.94 on Wednesday. The company has a 50-day moving average of $33.30 and a 200-day moving average of $34.09. The company has a market capitalization of $5.79 billion, a P/E ratio of 1.85, a PEG ratio of 0.30 and a beta of 1.42. Lincoln National Co. has a 1-year low of $27.58 and a 1-year high of $39.85. 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 quarterly earnings data on Thursday, May 8th. The financial services provider reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.06. The business had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.71 billion. Lincoln National had a net margin of 17.76% and a return on equity of 18.47%. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.41 EPS. Equities analysts expect that Lincoln National Co. will post 7.69 EPS for the current fiscal year.

Lincoln National Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.30%. The ex-dividend date was Thursday, April 10th. Lincoln National’s dividend payout ratio is currently 25.57%.

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.