Quantbot Technologies LP Has $6.34 Million Position in Lincoln National Co. (NYSE:LNC)

Quantbot Technologies LP reduced its holdings in Lincoln National Co. (NYSE:LNC) by 33.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 199,950 shares of the financial services provider’s stock after selling 99,676 shares during the period. Quantbot Technologies LP’s holdings in Lincoln National were worth $6,340,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its position in shares of 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 purchasing an additional 530 shares during the period. SBI Securities Co. Ltd. bought a new stake in Lincoln National in the fourth quarter valued at $36,000. Crews Bank & Trust bought a new stake in shares of Lincoln National during the fourth quarter worth $51,000. Versant Capital Management Inc grew its holdings in shares of Lincoln National by 20.2% during the fourth quarter. Versant Capital Management Inc now owns 2,104 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 354 shares during the last quarter. Finally, Westend Capital Management LLC boosted its holdings in Lincoln National by 121.7% in the fourth quarter. Westend Capital Management LLC now owns 2,323 shares of the financial services provider’s stock valued at $74,000 after acquiring an additional 1,275 shares during the last quarter. 72.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LNC has been the topic of several recent research reports. Wells Fargo & Company raised their price target on Lincoln National from $28.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, February 19th. Evercore ISI increased their price objective on Lincoln National from $41.00 to $44.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. Keefe, Bruyette & Woods raised their price target on Lincoln National from $37.00 to $40.00 and gave the company a “market perform” rating in a research note on Wednesday, February 12th. TD Cowen lifted their target price on Lincoln National from $34.00 to $37.00 and gave the stock a “hold” rating in a research note on Wednesday, November 27th. Finally, Barclays lifted their target price on Lincoln National from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. One research 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 data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $37.40.

Lincoln National Price Performance

Shares of NYSE LNC opened at $36.13 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.27 and a quick ratio of 0.27. Lincoln National Co. has a fifty-two week low of $25.80 and a fifty-two week high of $39.85. The stock has a market capitalization of $6.16 billion, a PE ratio of 1.97, a P/E/G ratio of 0.30 and a beta of 1.76. The business has a fifty day moving average price of $35.81 and a two-hundred day moving average price of $33.72.

Lincoln National (NYSE:LNC) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.91 EPS for the quarter, topping analysts’ consensus estimates 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, equities analysts predict that Lincoln National Co. will post 7.69 earnings per share for the current fiscal year.

Lincoln National Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.98%. Lincoln National’s dividend payout ratio (DPR) 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.