Livforsakringsbolaget Skandia Omsesidigt Sells 3,900 Shares of Lincoln National Co. (LNC)

Livforsakringsbolaget Skandia Omsesidigt decreased its stake in shares of Lincoln National Co. (NYSE:LNC) by 7.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 48,223 shares of the financial services provider’s stock after selling 3,900 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Lincoln National were worth $3,706,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in LNC. Janus Henderson Group PLC increased its position in Lincoln National by 3,936.0% during the second quarter. Janus Henderson Group PLC now owns 1,196,540 shares of the financial services provider’s stock worth $80,862,000 after buying an additional 1,166,893 shares in the last quarter. Vanguard Group Inc. increased its position in Lincoln National by 3.3% during the second quarter. Vanguard Group Inc. now owns 23,649,087 shares of the financial services provider’s stock worth $1,598,205,000 after buying an additional 764,714 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in Lincoln National by 90.5% during the second quarter. Parametric Portfolio Associates LLC now owns 1,117,085 shares of the financial services provider’s stock worth $75,493,000 after buying an additional 530,618 shares in the last quarter. Sit Investment Associates Inc. increased its position in Lincoln National by 473,333.3% during the third quarter. Sit Investment Associates Inc. now owns 269,857 shares of the financial services provider’s stock worth $19,829,000 after buying an additional 269,800 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its position in Lincoln National by 84.2% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 544,208 shares of the financial services provider’s stock worth $36,777,000 after buying an additional 248,800 shares in the last quarter. 80.35% of the stock is owned by institutional investors.

Several equities research analysts have recently issued reports on LNC shares. Barclays restated a “buy” rating and set a $90.00 price objective on shares of Lincoln National in a report on Tuesday, January 9th. Zacks Investment Research upgraded Lincoln National from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a report on Monday, January 8th. Keefe, Bruyette & Woods restated a “hold” rating and set a $89.00 price objective on shares of Lincoln National in a report on Friday, December 22nd. Royal Bank of Canada restated a “buy” rating and set a $86.00 price objective on shares of Lincoln National in a report on Friday, December 8th. Finally, Deutsche Bank started coverage on Lincoln National in a report on Tuesday, January 2nd. They set a “buy” rating and a $84.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $83.27.

Shares of Lincoln National Co. (LNC) opened at $82.98 on Thursday. Lincoln National Co. has a fifty-two week low of $61.45 and a fifty-two week high of $85.20. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $18,055.62, a price-to-earnings ratio of 12.99, a PEG ratio of 1.13 and a beta of 2.01.

Lincoln National (NYSE:LNC) last issued its earnings results on Wednesday, November 1st. The financial services provider reported $2.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.84 by $0.19. Lincoln National had a return on equity of 11.16% and a net margin of 10.50%. The firm had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $3.62 billion. During the same quarter last year, the firm earned $1.89 earnings per share. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. research analysts expect that Lincoln National Co. will post 7.72 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be issued a $0.33 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $1.32 dividend on an annualized basis and a yield of 1.59%. This is a boost from Lincoln National’s previous quarterly dividend of $0.29. Lincoln National’s dividend payout ratio (DPR) is presently 20.66%.

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Lincoln National Company Profile

Lincoln National Corporation is a holding company, which operates insurance and retirement businesses through subsidiary companies. The Company sells a range of wealth protection, accumulation and retirement income products and solutions, through its business segments. The Company operates through four segments: Annuities segment, which offers fixed (including indexed) and variable annuities; Retirement Plan Services segment, which provides employers with retirement plan products and services; Life Insurance segment, which focuses on the creation and protection of wealth through life insurance products, and Group Protection, which offers principally group non-medical insurance products.

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Institutional Ownership by Quarter for Lincoln National (NYSE:LNC)

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