Kingsview Wealth Management LLC Has $3.51 Million Holdings in Lincoln National Co. (NYSE:LNC)

Kingsview Wealth Management LLC trimmed its holdings in Lincoln National Co. (NYSE:LNC) by 25.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 109,849 shares of the financial services provider’s stock after selling 37,977 shares during the period. Kingsview Wealth Management LLC owned 0.06% of Lincoln National worth $3,507,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Central Pacific Bank Trust Division acquired a new position in Lincoln National in the 1st quarter valued at about $25,000. Brown Brothers Harriman & Co. acquired a new position in shares of Lincoln National in the fourth quarter valued at approximately $27,000. Transcendent Capital Group LLC bought a new position in shares of Lincoln National during the fourth quarter worth approximately $35,000. CVA Family Office LLC acquired a new stake in Lincoln National during the 4th quarter worth approximately $37,000. Finally, FinTrust Capital Advisors LLC bought a new stake in Lincoln National in the 4th quarter valued at $38,000. 72.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Piper Sandler lifted their target price on Lincoln National from $30.00 to $34.00 and gave the stock a “neutral” rating in a report on Friday, June 28th. JPMorgan Chase & Co. boosted their price objective on shares of Lincoln National from $28.00 to $34.00 and gave the company an “underweight” rating in a report on Tuesday, July 2nd. Evercore ISI raised their target price on shares of Lincoln National from $33.00 to $35.00 and gave the stock an “in-line” rating in a report on Thursday, April 11th. StockNews.com upgraded Lincoln National from a “sell” rating to a “hold” rating in a research note on Monday, April 15th. Finally, Bank of America reduced their target price on Lincoln National from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, July 11th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $31.18.

Insider Activity at Lincoln National

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

Lincoln National Price Performance

NYSE LNC traded down $0.27 during trading on Friday, hitting $31.92. 409,245 shares of the company’s stock were exchanged, compared to its average volume of 1,735,126. The company has a market cap of $5.43 billion, a PE ratio of 4.36, a P/E/G ratio of 0.28 and a beta of 1.84. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.87. Lincoln National Co. has a fifty-two week low of $20.85 and a fifty-two week high of $33.33. The stock’s 50 day moving average price is $31.56 and its two-hundred day moving average price is $29.26.

Lincoln National (NYSE:LNC) last posted its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.27. The company had revenue of $4.58 billion for the quarter, compared to analyst estimates of $4.64 billion. Lincoln National had a return on equity of 19.50% and a net margin of 11.31%. Research analysts expect that Lincoln National Co. will post 5.94 EPS for the current year.

Lincoln National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 10th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 5.64%. The ex-dividend date of this dividend is Wednesday, July 10th. Lincoln National’s dividend payout ratio is presently 24.62%.

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.