Lincoln National Co. (NYSE:LNC) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its holdings in Lincoln National Co. (NYSE:LNC) by 0.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 820,506 shares of the financial services provider’s stock after selling 4,906 shares during the period. Victory Capital Management Inc.’s holdings in Lincoln National were worth $26,018,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. State Street Corp boosted its holdings in shares of Lincoln National by 1.3% in the 3rd quarter. State Street Corp now owns 6,227,993 shares of the financial services provider’s stock valued at $196,244,000 after buying an additional 79,955 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Lincoln National by 4.2% in 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 buying an additional 193,025 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Lincoln National by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 3,373,487 shares of the financial services provider’s stock valued at $106,322,000 after buying an additional 152,622 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Lincoln National by 7.2% in the 3rd quarter. Principal Financial Group Inc. now owns 3,309,453 shares of the financial services provider’s stock valued at $104,281,000 after buying an additional 223,129 shares during the period. Finally, Two Sigma Advisers LP boosted its holdings in shares of 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 buying an additional 207,800 shares during the period. 72.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on LNC shares. Morgan Stanley lifted their price target on shares of Lincoln National from $39.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Barclays lifted their price objective on shares of Lincoln National from $36.00 to $38.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. TD Cowen lifted their price objective 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. Evercore ISI lifted their price objective on shares of Lincoln National from $41.00 to $44.00 and gave the company an “in-line” rating in a research report on Wednesday, February 19th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Lincoln National from $37.00 to $40.00 and gave the company a “market perform” rating in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Lincoln National has a consensus rating of “Hold” and a consensus price target of $37.40.

Lincoln National Trading Down 4.0 %

Shares of NYSE:LNC opened at $34.18 on Tuesday. The company has a 50 day moving average of $35.02 and a 200-day moving average of $33.49. The firm has a market cap of $5.82 billion, a P/E ratio of 1.86, a P/E/G ratio of 0.30 and a beta of 1.76. Lincoln National Co. has a twelve month low of $25.80 and a twelve month high of $39.85. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.80.

Lincoln National (NYSE:LNC) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.91 earnings per share for the quarter, topping 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%. As a group, analysts anticipate that Lincoln National Co. will post 7.69 earnings per share for the current fiscal 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 dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 5.27%. The ex-dividend date of this dividend is Thursday, April 10th. Lincoln National’s dividend 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.