Quantbot Technologies LP Grows Stock Holdings in Lincoln National Corporation $LNC

Key Points

• Quantbot Technologies LP increased its stake in Lincoln National Corporation by 9.7%, acquiring an additional 19,426 shares, bringing its total ownership to 219,376 shares valued at approximately $7.88 million.
• Wall Street analysts have a consensus rating of "Hold" for Lincoln National, with a target price averaging $39.22 following various upgrades from firms like Barclays and Wells Fargo.
• Lincoln National recently announced a quarterly dividend of $0.45 per share, resulting in an annualized yield of 4.4%, to be paid on November 3rd.

Quantbot Technologies LP grew its position in Lincoln National Corporation (NYSE:LNC - Free Report) by 9.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 219,376 shares of the financial services provider's stock after acquiring an additional 19,426 shares during the period. Quantbot Technologies LP owned about 0.13% of Lincoln National worth $7,878,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Balyasny Asset Management L.P. raised its position in shares of Lincoln National by 301.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,522,195 shares of the financial services provider's stock worth $48,269,000 after purchasing an additional 1,142,759 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Lincoln National by 1,818.4% during the 1st quarter. SG Americas Securities LLC now owns 661,972 shares of the financial services provider's stock worth $23,771,000 after purchasing an additional 627,466 shares during the last quarter. First Trust Advisors LP grew its stake in Lincoln National by 53.1% during the 4th quarter. First Trust Advisors LP now owns 1,258,512 shares of the financial services provider's stock valued at $39,907,000 after acquiring an additional 436,462 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Lincoln National by 141.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 673,095 shares of the financial services provider's stock valued at $24,171,000 after acquiring an additional 394,028 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in Lincoln National during the 1st quarter valued at about $12,645,000. Institutional investors and hedge funds own 72.81% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Piper Sandler dropped their price objective on shares of Lincoln National from $38.00 to $36.00 and set a "neutral" rating for the company in a research note on Friday, May 9th. JPMorgan Chase & Co. upped their price objective on shares of Lincoln National from $38.00 to $41.00 and gave the company an "underweight" rating in a research note on Tuesday, July 8th. Morgan Stanley upped their price objective on shares of Lincoln National from $38.00 to $41.00 and gave the company an "equal weight" rating in a research note on Monday, August 18th. Barclays upped their price objective on shares of Lincoln National from $38.00 to $40.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Finally, Cfra Research raised shares of Lincoln National to a "hold" rating in a research note on Wednesday, August 6th. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Lincoln National currently has an average rating of "Hold" and a consensus price target of $39.70.

Lincoln National Trading Up 3.1%

Shares of LNC stock traded up $1.2640 during trading hours on Friday, hitting $41.9140. The company had a trading volume of 1,868,723 shares, compared to its average volume of 2,244,095. The company's fifty day moving average is $35.99 and its 200 day moving average is $34.90. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.26 and a quick ratio of 0.26. Lincoln National Corporation has a fifty-two week low of $27.58 and a fifty-two week high of $42.36. The stock has a market capitalization of $7.95 billion, a PE ratio of 7.31, a price-to-earnings-growth ratio of 0.56 and a beta of 1.42.

Lincoln National (NYSE:LNC - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The financial services provider reported $2.36 EPS for the quarter, topping the consensus estimate of $1.91 by $0.45. Lincoln National had a net margin of 6.34% and a return on equity of 19.14%. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.65 billion. During the same period in the prior year, the business posted $1.87 EPS. Research analysts expect that Lincoln National Corporation will post 7.69 earnings per share for the current fiscal year.

Lincoln National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Friday, October 10th. Lincoln National's dividend payout ratio (DPR) is presently 31.41%.

Insider Activity

In other news, EVP John Christopher Kennedy sold 5,000 shares of the firm's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $39.29, for a total value of $196,450.00. Following the sale, the executive vice president directly owned 123,815 shares in the company, valued at approximately $4,864,691.35. This trade represents a 3.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 sale, the executive vice president owned 154,102 shares in the company, valued at $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. In the last three months, insiders have sold 58,697 shares of company stock worth $1,959,862. 0.51% of the stock is currently owned by corporate insiders.

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.