Cantor Fitzgerald Investment Advisors L.P. Decreases Stock Holdings in Lincoln National Corporation (NYSE:LNC)

Cantor Fitzgerald Investment Advisors L.P. cut its stake in Lincoln National Corporation (NYSE:LNC - Free Report) by 29.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

LNC has been the topic of a number of research analyst reports. Wells Fargo & Company cut their target price on 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. Keefe, Bruyette & Woods decreased their target price on 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. Wall Street Zen lowered shares of Lincoln National from a "hold" rating to a "sell" rating in a research note on Sunday, June 15th. Piper Sandler reduced their target price on shares of Lincoln National from $38.00 to $36.00 and set a "neutral" rating on the stock in a report on Friday, May 9th. Finally, UBS Group increased their price target on Lincoln National from $32.00 to $38.00 and gave the company a "neutral" rating in a research report on Wednesday, April 2nd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Lincoln National presently has an average rating of "Hold" and an average price target of $36.82.

Insider Buying and Selling

In related 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 transaction, the executive vice president now owns 48,743 shares in the company, valued at approximately $1,613,393.30. The trade was a 17.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Sean Woodroffe sold 43,622 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $32.78, for a total value of $1,429,929.16. Following the completion of the sale, the executive vice president now owns 154,102 shares of the company's stock, valued at approximately $5,051,463.56. This represents a 22.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.51% of the company's stock.

Lincoln National Trading Up 0.8%

Lincoln National stock opened at $33.14 on Friday. The stock has a market cap of $5.66 billion, a PE ratio of 4.71, a P/E/G ratio of 0.44 and a beta of 1.40. 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 stock has a 50-day moving average price of $32.60 and a 200 day moving average price of $33.78. Lincoln National Corporation has a 52 week low of $27.58 and a 52 week high of $39.85.

Lincoln National (NYSE:LNC - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.06. The business had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.71 billion. Lincoln National had a net margin of 7.00% and a return on equity of 18.71%. The company's quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 earnings per share. Equities research analysts predict that Lincoln National Corporation will post 7.69 earnings per share for the current fiscal year.

Lincoln National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 5.43%. The ex-dividend date is Thursday, July 10th. Lincoln National's payout ratio is 25.57%.

About Lincoln National

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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