Lincoln National Co. (NYSE:LNC) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. cut its holdings in shares of Lincoln National Co. (NYSE:LNC - Free Report) by 91.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,208 shares of the financial services provider's stock after selling 78,560 shares during the period. Jacobs Levy Equity Management Inc.'s holdings in Lincoln National were worth $229,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of LNC. Wealthcare Advisory Partners LLC grew its position in shares of Lincoln National by 2.1% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 29,431 shares of the financial services provider's stock valued at $933,000 after acquiring an additional 602 shares during the period. HB Wealth Management LLC grew its position in shares of Lincoln National by 15.4% during the 4th quarter. HB Wealth Management LLC now owns 22,150 shares of the financial services provider's stock valued at $702,000 after acquiring an additional 2,961 shares during the period. Diversify Advisory Services LLC acquired a new stake in Lincoln National in the 4th quarter worth about $203,000. Nisa Investment Advisors LLC boosted its holdings in Lincoln National by 19.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 64,658 shares of the financial services provider's stock worth $2,050,000 after buying an additional 10,560 shares during the last quarter. Finally, Daymark Wealth Partners LLC acquired a new stake in Lincoln National in the 4th quarter worth about $324,000. 72.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on LNC shares. Evercore ISI lifted their price objective on Lincoln National from $41.00 to $44.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. Wells Fargo & Company lowered their price objective on Lincoln National from $36.00 to $31.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. Barclays lifted their price objective on Lincoln National from $38.00 to $40.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Piper Sandler lowered their price objective on 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 lifted their price objective on Lincoln National from $32.00 to $38.00 and gave the stock a "neutral" rating in a report on Wednesday, April 2nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Lincoln National currently has an average rating of "Hold" and a consensus price target of $36.27.

Lincoln National Trading Up 1.0%

Shares of Lincoln National stock opened at $34.43 on Monday. The stock has a market cap of $5.88 billion, a P/E ratio of 1.87, a P/E/G ratio of 0.30 and a beta of 1.42. The stock's 50 day simple moving average is $33.32 and its 200-day simple moving average is $34.09. Lincoln National Co. has a 1-year low of $27.58 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.

Lincoln National (NYSE:LNC - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The financial services provider reported $1.60 EPS for the quarter, beating the consensus estimate of $1.54 by $0.06. The firm had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.71 billion. Lincoln National had a net margin of 17.76% and a return on equity of 18.47%. The business's revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.41 EPS. Analysts predict that Lincoln National Co. will post 7.69 EPS 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 given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 5.23%. The ex-dividend date of this dividend was Thursday, April 10th. Lincoln National's payout ratio 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.

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