Lincoln National Co. (NYSE:LNC) Shares Sold by Man Group plc

Man Group plc decreased its stake in shares of Lincoln National Co. (NYSE:LNC - Free Report) by 46.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 154,983 shares of the financial services provider's stock after selling 132,432 shares during the quarter. Man Group plc owned approximately 0.09% of Lincoln National worth $4,915,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of LNC. HighPoint Advisor Group LLC raised its holdings in Lincoln National by 3.2% in the fourth quarter. HighPoint Advisor Group LLC now owns 8,460 shares of the financial services provider's stock valued at $268,000 after acquiring an additional 262 shares in the last quarter. Forvis Mazars Wealth Advisors LLC lifted its position in shares of Lincoln National by 3.1% during the 4th quarter. Forvis Mazars Wealth Advisors LLC now owns 11,199 shares of the financial services provider's stock worth $355,000 after purchasing an additional 338 shares during the last quarter. Roman Butler Fullerton & Co. grew its stake in shares of Lincoln National by 5.5% during the fourth quarter. Roman Butler Fullerton & Co. now owns 6,610 shares of the financial services provider's stock worth $224,000 after purchasing an additional 343 shares in the last quarter. Hillsdale Investment Management Inc. increased its holdings in Lincoln National by 30.4% in the fourth quarter. Hillsdale Investment Management Inc. now owns 1,500 shares of the financial services provider's stock valued at $48,000 after buying an additional 350 shares during the last quarter. Finally, Arizona State Retirement System raised its stake in Lincoln National by 0.9% in the fourth quarter. Arizona State Retirement System now owns 49,394 shares of the financial services provider's stock valued at $1,566,000 after buying an additional 436 shares in the last quarter. Institutional investors and hedge funds own 72.81% of the company's stock.

Lincoln National Stock Performance

Shares of NYSE:LNC traded down $0.30 on Monday, reaching $32.37. The company's stock had a trading volume of 1,286,483 shares, compared to its average volume of 1,640,417. 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 Co. has a 52-week low of $27.58 and a 52-week high of $39.85. The stock's 50-day moving average is $33.06 and its two-hundred day moving average is $34.05. The stock has a market capitalization of $5.53 billion, a P/E ratio of 1.76, a PEG ratio of 0.30 and a beta of 1.42.

Lincoln National (NYSE:LNC - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $4.71 billion. Lincoln National had a return on equity of 18.47% and a net margin of 17.76%. The firm's revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.41 EPS. As a group, sell-side analysts forecast that Lincoln National Co. will post 7.69 EPS for the current year.

Lincoln National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Thursday, July 10th will be given a $0.45 dividend. The ex-dividend date is Thursday, July 10th. This represents a $1.80 dividend on an annualized basis and a yield of 5.56%. Lincoln National's dividend payout ratio (DPR) is 25.57%.

Analyst Ratings Changes

A number of research firms have recently commented on LNC. UBS Group increased their price objective on Lincoln National from $32.00 to $38.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. Piper Sandler cut their price objective 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. Barclays upped their target price on shares of Lincoln National from $38.00 to $40.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Keefe, Bruyette & Woods reduced their price target 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. Finally, Wall Street Zen downgraded shares of Lincoln National from a "hold" rating to a "sell" rating in a research note on Monday, May 12th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $36.82.

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.