Teza Capital Management LLC Has $243,000 Stake in Lincoln National Co. (NYSE:LNC)

Teza Capital Management LLC lowered its stake in Lincoln National Co. (NYSE:LNC - Free Report) by 79.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,676 shares of the financial services provider's stock after selling 30,581 shares during the quarter. Teza Capital Management LLC's holdings in Lincoln National were worth $243,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in LNC. Dimensional Fund Advisors LP lifted its stake in Lincoln National by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,876,319 shares of the financial services provider's stock valued at $91,208,000 after purchasing an additional 56,614 shares during the last quarter. Norges Bank acquired a new position in shares of Lincoln National during the fourth quarter worth $76,951,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Lincoln National by 84.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,543,624 shares of the financial services provider's stock valued at $48,948,000 after acquiring an additional 708,584 shares during the last quarter. Balyasny Asset Management L.P. boosted its holdings 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 valued at $48,269,000 after acquiring an additional 1,142,759 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of 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. 72.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the company. UBS Group increased their target price on Lincoln National from $32.00 to $38.00 and gave the company a "neutral" rating in a research report on Wednesday, April 2nd. Morgan Stanley raised their price objective on shares of Lincoln National from $32.00 to $38.00 and gave the company an "equal weight" rating in a report on Monday. 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. Keefe, Bruyette & Woods dropped 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 note on Wednesday, April 9th. Finally, Wells Fargo & Company reduced their price objective on shares of Lincoln National from $36.00 to $31.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. Two equities 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 company's stock. Based on data from MarketBeat, Lincoln National has a consensus rating of "Hold" and an average target price of $36.82.

Lincoln National Trading Down 1.0%

LNC opened at $33.94 on Wednesday. Lincoln National Co. has a twelve month low of $27.58 and a twelve month high of $39.85. The company has a fifty day moving average of $33.30 and a 200-day moving average of $34.09. The stock has a market cap of $5.79 billion, a PE ratio of 1.85, a price-to-earnings-growth ratio of 0.30 and a beta of 1.42. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.80.

Lincoln National (NYSE:LNC - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The financial services provider reported $1.60 earnings per share for the quarter, topping analysts' consensus estimates 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 business's revenue was up 14.0% compared to the same quarter last year. During the same period last year, the business posted $0.41 EPS. On average, sell-side analysts predict that Lincoln National Co. will post 7.69 EPS for the current year.

Lincoln National Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.80 dividend on an annualized basis and a yield of 5.30%. Lincoln National's payout ratio is currently 25.57%.

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.

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