Lincoln National Co. (NYSE:LNC) Shares Sold by Relative Value Partners Group LLC

Relative Value Partners Group LLC reduced its stake in shares of Lincoln National Co. (NYSE:LNCFree Report) by 14.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,865 shares of the financial services provider’s stock after selling 2,921 shares during the period. Relative Value Partners Group LLC’s holdings in Lincoln National were worth $455,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in LNC. Financial Gravity Asset Management Inc. lifted its position in shares of Lincoln National by 3,930.8% during the third quarter. Financial Gravity Asset Management Inc. now owns 1,048 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 1,022 shares during the last quarter. CVA Family Office LLC acquired a new stake in Lincoln National during the fourth quarter valued at approximately $37,000. Highlander Capital Management LLC lifted its holdings in Lincoln National by 200.0% during the 4th quarter. Highlander Capital Management LLC now owns 1,500 shares of the financial services provider’s stock worth $40,000 after buying an additional 1,000 shares during the last quarter. Parkside Financial Bank & Trust grew its position in shares of Lincoln National by 115.2% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,752 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 938 shares in the last quarter. Finally, Anchor Investment Management LLC bought a new stake in shares of Lincoln National in the 4th quarter valued at approximately $67,000. 72.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LNC. Piper Sandler reduced their price objective on Lincoln National from $32.00 to $30.00 and set a “neutral” rating on the stock in a research note on Monday, May 6th. Jefferies Financial Group raised shares of Lincoln National from a “hold” rating to a “buy” rating and lifted their price target for the company from $26.00 to $34.00 in a report on Wednesday, May 22nd. TheStreet downgraded shares of Lincoln National from a “c” rating to a “d+” rating in a research report on Thursday, February 8th. Keefe, Bruyette & Woods raised their target price on shares of Lincoln National from $30.00 to $32.00 and gave the stock a “market perform” rating in a report on Wednesday, April 10th. Finally, StockNews.com raised Lincoln National from a “sell” rating to a “hold” rating in a report on Monday, April 15th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Lincoln National currently has an average rating of “Hold” and an average price target of $29.90.

View Our Latest Analysis on LNC

Insider Activity at Lincoln National

In other Lincoln National news, EVP Sean Woodroffe sold 55,127 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $32.57, for a total value of $1,795,486.39. Following the sale, the executive vice president now directly owns 198,255 shares in the company, valued at $6,457,165.35. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.54% of the company’s stock.

Lincoln National Price Performance

Shares of NYSE:LNC opened at $32.99 on Friday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.87. The firm’s 50 day moving average is $29.82 and its two-hundred day moving average is $27.75. The firm has a market capitalization of $5.61 billion, a P/E ratio of 4.51, a PEG ratio of 0.26 and a beta of 1.80. Lincoln National Co. has a 52 week low of $20.47 and a 52 week high of $33.05.

Lincoln National (NYSE:LNCGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.27. The business had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.64 billion. Lincoln National had a net margin of 11.31% and a return on equity of 19.50%. Analysts anticipate that Lincoln National Co. will post 6 earnings per share for the current year.

Lincoln National Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th will be issued a $0.45 dividend. The ex-dividend date is Wednesday, July 10th. This represents a $1.80 annualized dividend and a dividend yield of 5.46%. Lincoln National’s dividend payout ratio (DPR) is 24.62%.

Lincoln National Company Profile

(Free Report)

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.

See Also

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

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