Cantor Fitzgerald Investment Advisors L.P. Lowers Stake in Lincoln National Corporation (NYSE:LNC)

Cantor Fitzgerald Investment Advisors L.P. lessened its holdings in Lincoln National Corporation (NYSE:LNC - Free Report) by 29.8% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 60,227 shares of the financial services provider's stock after selling 25,605 shares during the period. Cantor Fitzgerald Investment Advisors L.P.'s holdings in Lincoln National were worth $2,163,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. M Holdings Securities Inc. bought a new stake in Lincoln National during the 4th quarter worth approximately $29,000. Kapitalo Investimentos Ltda bought a new stake in Lincoln National during the 4th quarter worth approximately $32,000. NBC Securities Inc. bought a new stake in Lincoln National during the 1st quarter worth approximately $33,000. Headlands Technologies LLC bought a new stake in Lincoln National during the 4th quarter worth approximately $35,000. Finally, SBI Securities Co. Ltd. bought a new stake in Lincoln National during the 4th quarter worth approximately $36,000. Institutional investors own 72.81% of the company's stock.

Wall Street Analysts Forecast Growth

LNC has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods decreased their target price on shares of Lincoln National from $40.00 to $38.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 9th. Barclays raised their target price on shares of Lincoln National from $38.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Morgan Stanley lifted their price objective on shares of Lincoln National from $32.00 to $38.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Piper Sandler reduced their price objective on shares of Lincoln National from $38.00 to $36.00 and set a "neutral" rating on the stock in a research report on Friday, May 9th. Finally, Wells Fargo & Company reduced their price objective on shares of Lincoln National from $36.00 to $31.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, Lincoln National presently has an average rating of "Hold" and an average price target of $36.82.

Insider Activity at Lincoln National

In other Lincoln National news, EVP Brian Kroll sold 10,075 shares of Lincoln National stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $33.10, for a total transaction of $333,482.50. Following the completion of the transaction, the executive vice president now directly owns 48,743 shares of the company's stock, valued at $1,613,393.30. The trade was a 17.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Sean Woodroffe sold 43,622 shares of Lincoln National stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $32.78, for a total transaction of $1,429,929.16. Following the transaction, the executive vice president now directly owns 154,102 shares of the company's stock, valued at $5,051,463.56. The trade was a 22.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by insiders.

Lincoln National Price Performance

Shares of LNC stock traded down $0.16 on Monday, reaching $32.85. The company's stock had a trading volume of 2,462,781 shares, compared to its average volume of 1,638,474. The stock's fifty day simple moving average is $32.73 and its 200-day simple moving average is $33.74. Lincoln National Corporation has a 1 year low of $27.58 and a 1 year high of $39.85. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $5.61 billion, a price-to-earnings ratio of 4.67, a price-to-earnings-growth ratio of 0.43 and a beta of 1.40.

Lincoln National (NYSE:LNC - Get Free Report) last posted its earnings results on Thursday, May 8th. The financial services provider reported $1.60 earnings per share for the quarter, beating analysts' consensus estimates of $1.54 by $0.06. Lincoln National had a net margin of 7.00% and a return on equity of 18.71%. The firm had revenue of $4.69 billion during the quarter, compared to analyst estimates of $4.71 billion. During the same period last year, the firm posted $0.41 earnings per share. Lincoln National's revenue for the quarter was up 14.0% compared to the same quarter last year. Analysts forecast that Lincoln National Corporation will post 7.69 earnings per share for the current fiscal year.

Lincoln National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Thursday, July 10th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.48%. The ex-dividend date is Thursday, July 10th. Lincoln National's dividend payout ratio (DPR) is presently 25.57%.

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.