DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Has $2.38 Million Holdings in Lincoln National Co. (NYSE:LNC)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main trimmed its stake in shares of Lincoln National Co. (NYSE:LNC - Free Report) by 29.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,187 shares of the financial services provider's stock after selling 30,815 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Lincoln National were worth $2,384,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in LNC. Franklin Resources Inc. boosted its position in shares of Lincoln National by 89.1% during the third quarter. Franklin Resources Inc. now owns 95,677 shares of the financial services provider's stock worth $3,149,000 after buying an additional 45,086 shares during the period. Principal Financial Group Inc. lifted its stake in Lincoln National by 7.2% in the 3rd quarter. Principal Financial Group Inc. now owns 3,309,453 shares of the financial services provider's stock valued at $104,281,000 after acquiring an additional 223,129 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in Lincoln National during the 4th quarter worth approximately $123,000. CHURCHILL MANAGEMENT Corp grew its stake in shares of Lincoln National by 4.1% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 286,286 shares of the financial services provider's stock worth $9,078,000 after acquiring an additional 11,216 shares in the last quarter. Finally, BluePath Capital Management LLC raised its holdings in shares of Lincoln National by 20.0% in the fourth quarter. BluePath Capital Management LLC now owns 25,238 shares of the financial services provider's stock valued at $776,000 after purchasing an additional 4,205 shares during the last quarter. 72.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on LNC. Keefe, Bruyette & Woods decreased their price objective on Lincoln National from $40.00 to $38.00 and set a "market perform" rating for the company in a report on Wednesday, April 9th. UBS Group lifted their price objective on shares of Lincoln National from $32.00 to $38.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. Evercore ISI increased their price objective on shares of Lincoln National from $41.00 to $44.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. Piper Sandler reduced their target price on shares of Lincoln National from $38.00 to $36.00 and set a "neutral" rating for the company in a report on Friday. Finally, Wells Fargo & Company lowered their price target on shares of Lincoln National from $36.00 to $31.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $36.27.

Lincoln National Trading Down 0.1 %

Shares of LNC stock opened at $33.34 on Friday. The stock has a 50 day simple moving average of $33.39 and a 200 day simple moving average of $34.02. Lincoln National Co. has a 1 year low of $27.58 and a 1 year high of $39.85. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.80. The stock has a market cap of $5.69 billion, a P/E ratio of 1.81, a price-to-earnings-growth ratio of 0.30 and a beta of 1.42.

Lincoln National (NYSE:LNC - Get Free Report) last released its earnings results on Thursday, May 8th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.06. The company had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.71 billion. Lincoln National had a return on equity of 18.47% and a net margin of 17.76%. Lincoln National's quarterly revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 EPS. On average, research analysts predict that Lincoln National Co. will post 7.69 earnings per share for the current fiscal year.

Lincoln National Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date was Thursday, April 10th. Lincoln National's dividend payout ratio (DPR) 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.

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