By otakuyassine3@gmail.com 
Atria Wealth Solutions Inc. reduced its holdings in shares of Lincoln National Co. (NYSE:LNC – Free Report) by 34.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,131 shares of the financial services provider’s stock after selling 6,801 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Lincoln National were worth $416,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp raised its holdings in shares of Lincoln National by 1.3% during the 3rd quarter. State Street Corp now owns 6,227,993 shares of the financial services provider’s stock worth $196,244,000 after buying an additional 79,955 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Lincoln National by 4.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,763,703 shares of the financial services provider’s stock valued at $150,104,000 after acquiring an additional 193,025 shares during the period. Geode Capital Management LLC boosted its position in shares of Lincoln National by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,373,487 shares of the financial services provider’s stock worth $106,322,000 after purchasing an additional 152,622 shares in the last quarter. Principal Financial Group Inc. grew its stake in Lincoln National by 7.2% in the third quarter. Principal Financial Group Inc. now owns 3,309,453 shares of the financial services provider’s stock valued at $104,281,000 after acquiring an additional 223,129 shares during the period. Finally, Two Sigma Advisers LP grew its position in Lincoln National by 9.7% in the 3rd quarter. Two Sigma Advisers LP now owns 2,355,000 shares of the financial services provider’s stock valued at $74,206,000 after purchasing an additional 207,800 shares during the period. Institutional investors and hedge funds own 72.81% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on LNC shares. Morgan Stanley boosted their price target on shares of Lincoln National from $36.00 to $39.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Wells Fargo & Company increased their price objective on Lincoln National from $28.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. Evercore ISI boosted their price target 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. StockNews.com upgraded Lincoln National from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, TD Cowen boosted their target price on Lincoln National from $34.00 to $37.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $37.10.
Check Out Our Latest Analysis on Lincoln National
Lincoln National Price Performance
Shares of Lincoln National stock opened at $37.96 on Friday. The stock has a market capitalization of $6.47 billion, a P/E ratio of 2.07, a price-to-earnings-growth ratio of 0.30 and a beta of 1.79. Lincoln National Co. has a one year low of $25.60 and a one year high of $39.85. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.27 and a quick ratio of 0.27. The business’s 50 day simple moving average is $34.35 and its two-hundred day simple moving average is $33.16.
Lincoln National (NYSE:LNC – Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.04. Lincoln National had a net margin of 17.76% and a return on equity of 18.47%. Analysts forecast that Lincoln National Co. will post 7.69 EPS for the current year.
Lincoln National Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.80 annualized dividend and a dividend yield of 4.74%. Lincoln National’s payout ratio is presently 9.79%.
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.
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