CANADA LIFE ASSURANCE Co Has $6.64 Million Stock Holdings in Lincoln National Co. (NYSE:LNC)

CANADA LIFE ASSURANCE Co lowered its holdings in Lincoln National Co. (NYSE:LNC - Free Report) by 7.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 209,425 shares of the financial services provider's stock after selling 17,931 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.12% of Lincoln National worth $6,641,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Norges Bank bought a new position in shares of Lincoln National in the 4th quarter valued at about $76,951,000. Hennessy Advisors Inc. bought a new position in shares of Lincoln National in the 4th quarter valued at about $54,189,000. Arrowstreet Capital Limited Partnership grew its position in shares of Lincoln National by 84.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,543,624 shares of the financial services provider's stock valued at $48,948,000 after acquiring an additional 708,584 shares during the period. LPL Financial LLC grew its position in shares of Lincoln National by 190.9% in the 4th quarter. LPL Financial LLC now owns 741,330 shares of the financial services provider's stock valued at $23,508,000 after acquiring an additional 486,478 shares during the period. Finally, National Bank of Canada FI grew its position in shares of Lincoln National by 20,127.5% in the 4th quarter. National Bank of Canada FI now owns 316,965 shares of the financial services provider's stock valued at $10,051,000 after acquiring an additional 315,398 shares during the period. Institutional investors own 72.81% of the company's stock.

Wall Street Analysts Forecast Growth

LNC has been the subject of a number of analyst reports. Keefe, Bruyette & Woods decreased their price objective on shares of Lincoln National from $40.00 to $38.00 and set a "market perform" rating for the company in a research report on Wednesday, April 9th. Evercore ISI raised their price objective on shares of Lincoln National from $41.00 to $44.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 19th. Morgan Stanley reduced their price objective on Lincoln National from $42.00 to $32.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. UBS Group increased their target price on Lincoln National from $32.00 to $38.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 2nd. Finally, Wells Fargo & Company lowered their target price on Lincoln National from $36.00 to $31.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Lincoln National has a consensus rating of "Hold" and a consensus price target of $35.91.

Lincoln National Price Performance

NYSE:LNC traded up $0.31 during trading hours on Monday, reaching $32.04. 1,470,536 shares of the company were exchanged, compared to its average volume of 1,623,587. The company has a market capitalization of $5.47 billion, a P/E ratio of 1.74, a P/E/G ratio of 0.30 and a beta of 1.56. Lincoln National Co. has a 1-year low of $25.80 and a 1-year high of $39.85. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.27 and a quick ratio of 0.27. The business has a 50 day moving average of $34.25 and a 200 day moving average of $34.05.

Lincoln National (NYSE:LNC - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.91 earnings per share (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%. Research analysts forecast that Lincoln National Co. will post 7.69 EPS for the current year.

Lincoln National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.62%. The ex-dividend date is Thursday, April 10th. Lincoln National's dividend payout ratio is presently 9.79%.

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.