Lincoln National Co. (NYSE:LNC) Shares Sold by SYM FINANCIAL Corp

SYM FINANCIAL Corp lessened its holdings in Lincoln National Co. (NYSE:LNC) by 11.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,754 shares of the financial services provider’s stock after selling 846 shares during the quarter. SYM FINANCIAL Corp’s holdings in Lincoln National were worth $214,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. DAVENPORT & Co LLC raised its stake in shares of Lincoln National by 8.6% during the 4th quarter. DAVENPORT & Co LLC now owns 27,300 shares of the financial services provider’s stock valued at $866,000 after buying an additional 2,170 shares during the last quarter. Crews Bank & Trust acquired a new stake in shares of Lincoln National in the fourth quarter valued at about $51,000. Capital Investment Advisory Services LLC increased its stake in shares of Lincoln National by 3.7% during the fourth quarter. Capital Investment Advisory Services LLC now owns 37,502 shares of the financial services provider’s stock worth $1,189,000 after purchasing an additional 1,352 shares in the last quarter. Westhampton Capital LLC acquired a new position in shares of Lincoln National during the 4th quarter worth about $288,000. Finally, DMC Group LLC purchased a new position in Lincoln National in the 4th quarter valued at about $555,000. 72.81% of the stock is owned by hedge funds and other institutional investors.

Lincoln National Price Performance

Shares of LNC opened at $35.18 on Monday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.73. Lincoln National Co. has a fifty-two week low of $25.09 and a fifty-two week high of $36.98. The company has a market cap of $5.99 billion, a P/E ratio of 25.13, a PEG ratio of 0.27 and a beta of 1.78. The firm’s 50 day moving average price is $33.00 and its 200 day moving average price is $32.40.

Lincoln National (NYSE:LNC) last announced its quarterly earnings data on Thursday, October 31st. The financial services provider reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.42. Lincoln National had a return on equity of 18.15% and a net margin of 2.51%. The business had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.61 billion. During the same period last year, the firm earned $0.23 earnings per share. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, research analysts forecast that Lincoln National Co. will post 6.97 earnings per share for the current fiscal year.

Lincoln National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 5.12%. The ex-dividend date is Friday, January 10th. Lincoln National’s payout ratio is presently 128.57%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LNC. Barclays dropped their target price on shares of Lincoln National from $38.00 to $36.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. StockNews.com upgraded Lincoln National from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Wells Fargo & Company reduced their price objective on Lincoln National from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Finally, TD Cowen raised 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. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $33.40.

Insider Transactions at Lincoln National

In other Lincoln National news, EVP John Christopher Kennedy sold 2,863 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $36.00, for a total value of $103,068.00. Following the sale, the executive vice president now directly owns 99,644 shares in the company, valued at $3,587,184. This trade represents a 2.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.54% of the company’s stock.

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.