Lincoln National Co. (NYSE:LNC) is Algebris UK Ltd’s 7th Largest Position

Algebris UK Ltd reduced its stake in shares of Lincoln National Co. (NYSE:LNC) by 15.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 698,792 shares of the financial services provider’s stock after selling 123,670 shares during the period. Lincoln National accounts for 5.4% of Algebris UK Ltd’s portfolio, making the stock its 7th biggest holding. Algebris UK Ltd owned 0.41% of Lincoln National worth $21,401,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC raised its holdings in Lincoln National by 95.3% during the third quarter. Larson Financial Group LLC now owns 1,086 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 530 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Lincoln National during the fourth quarter worth about $36,000. Meeder Asset Management Inc. bought a new stake in Lincoln National during the 3rd quarter valued at approximately $48,000. Crews Bank & Trust purchased a new position in Lincoln National in the 4th quarter worth approximately $51,000. Finally, Versant Capital Management Inc grew its holdings in Lincoln National by 20.2% during the 4th quarter. Versant Capital Management Inc now owns 2,104 shares of the financial services provider’s stock valued at $67,000 after buying an additional 354 shares in the last quarter. 72.81% of the stock is currently owned by institutional investors.

Lincoln National Price Performance

Shares of LNC stock opened at $36.55 on Wednesday. The stock has a 50 day moving average price of $35.47 and a 200 day moving average price of $33.64. Lincoln National Co. has a 52-week low of $25.80 and a 52-week 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. The firm has a market capitalization of $6.23 billion, a P/E ratio of 1.99, a P/E/G ratio of 0.30 and a beta of 1.76.

Lincoln National (NYSE:LNC) last released its earnings results on Thursday, February 6th. The financial services provider reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.04. Lincoln National had a return on equity of 18.47% and a net margin of 17.76%. As a group, sell-side analysts predict that Lincoln National Co. will post 7.69 earnings per share for the current year.

Lincoln National Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date is Thursday, April 10th. Lincoln National’s dividend payout ratio (DPR) is presently 9.79%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Evercore ISI raised their target price on shares of Lincoln National from $41.00 to $44.00 and gave the company an “in-line” rating in a research note on Wednesday, February 19th. Wells Fargo & Company lifted their target price on Lincoln National from $28.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. Barclays increased their price target on Lincoln National from $36.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. Morgan Stanley upped their price objective on Lincoln National from $39.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. Finally, TD Cowen raised their target price on shares of Lincoln National from $34.00 to $37.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. One 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 MarketBeat, Lincoln National has an average rating of “Hold” and a consensus price target of $37.40.

Lincoln National Company 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.