Teza Capital Management LLC Sells 30,581 Shares of Lincoln National Co. (NYSE:LNC)

Teza Capital Management LLC decreased its position in Lincoln National Co. (NYSE:LNC - Free Report) by 79.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,676 shares of the financial services provider's stock after selling 30,581 shares during the period. Teza Capital Management LLC's holdings in Lincoln National were worth $243,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. State of Wyoming lifted its stake in shares of Lincoln National by 44.1% in the fourth quarter. State of Wyoming now owns 11,325 shares of the financial services provider's stock worth $359,000 after buying an additional 3,467 shares in the last quarter. Toronto Dominion Bank lifted its position in Lincoln National by 64.7% in the 4th quarter. Toronto Dominion Bank now owns 55,000 shares of the financial services provider's stock valued at $1,744,000 after acquiring an additional 21,600 shares in the last quarter. Shay Capital LLC purchased a new stake in Lincoln National during the 4th quarter valued at $951,000. NorthRock Partners LLC bought a new stake in shares of Lincoln National in the 4th quarter worth $313,000. Finally, Occudo Quantitative Strategies LP purchased a new position in shares of Lincoln National in the fourth quarter worth $329,000. 72.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LNC has been the topic of a number of recent analyst reports. Barclays raised their price target 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. Evercore ISI raised their target price on shares of Lincoln National from $41.00 to $44.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. UBS Group boosted their target price on shares of Lincoln National from $32.00 to $38.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. Wells Fargo & Company reduced their price objective on Lincoln National from $36.00 to $31.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Finally, Wall Street Zen cut Lincoln National from a "hold" rating to a "sell" rating in a research report on Monday, May 12th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $36.82.

Lincoln National Price Performance

Shares of Lincoln National stock traded down $0.30 during trading hours on Monday, hitting $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 market cap of $5.53 billion, a PE ratio of 1.76, a PEG ratio of 0.30 and a beta of 1.42. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.27 and a current ratio of 0.27. The business has a 50 day moving average price of $33.06 and a two-hundred day moving average price of $34.05. Lincoln National Co. has a 12-month low of $27.58 and a 12-month 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 analysts' consensus estimates of $1.54 by $0.06. The business had revenue of $4.69 billion during 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 company's revenue was up 14.0% on a year-over-year basis. During the same period last year, the firm posted $0.41 EPS. Analysts expect that Lincoln National Co. will post 7.69 earnings per share for the current fiscal year.

Lincoln National Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Thursday, July 10th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $1.80 annualized dividend and a yield of 5.56%. Lincoln National's payout ratio is 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.