Lincoln National Co. (NYSE:LNC) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP decreased its position in shares of Lincoln National Co. (NYSE:LNC - Free Report) by 26.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,286,396 shares of the financial services provider's stock after selling 455,535 shares during the period. Two Sigma Investments LP owned 0.76% of Lincoln National worth $40,792,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. HB Wealth Management LLC increased its stake in Lincoln National by 15.4% in the fourth quarter. HB Wealth Management LLC now owns 22,150 shares of the financial services provider's stock valued at $702,000 after purchasing an additional 2,961 shares during the period. Diversify Advisory Services LLC purchased a new position in shares of Lincoln National during the fourth quarter worth about $203,000. Nisa Investment Advisors LLC grew its holdings in shares of Lincoln National by 19.5% during the fourth 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. Daymark Wealth Partners LLC acquired a new position in Lincoln National in the 4th quarter valued at about $324,000. Finally, SG Americas Securities LLC purchased a new stake in Lincoln National during the 4th quarter valued at approximately $1,094,000. Institutional investors and hedge funds own 72.81% of the company's stock.

Lincoln National Price Performance

Shares of NYSE:LNC traded down $0.30 on Monday, reaching $32.37. 1,286,483 shares of the company were exchanged, compared to its average volume of 1,640,417. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.80. Lincoln National Co. has a 1-year low of $27.58 and a 1-year high of $39.85. The company has a 50-day moving average of $33.06 and a 200-day moving average of $34.05. The firm has a market cap of $5.53 billion, a price-to-earnings ratio of 1.76, a price-to-earnings-growth ratio of 0.30 and a beta of 1.42.

Lincoln National (NYSE:LNC - Get Free Report) last issued its earnings results 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 company had revenue of $4.69 billion during the quarter, compared to analysts' expectations of $4.71 billion. Lincoln National had a net margin of 17.76% and a return on equity of 18.47%. The firm's quarterly revenue was up 14.0% compared to the same quarter last year. During the same period last year, the company posted $0.41 earnings per share. Equities analysts forecast that Lincoln National Co. 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 Friday, August 1st. Investors of record on Thursday, July 10th will be issued 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 dividend payout ratio is presently 25.57%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on LNC. Barclays lifted their target price on Lincoln National from $38.00 to $40.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. UBS Group increased their price target on Lincoln National from $32.00 to $38.00 and gave the stock a "neutral" rating in a report on Wednesday, April 2nd. Piper Sandler dropped their price objective on shares of Lincoln National from $38.00 to $36.00 and set a "neutral" rating on the stock in a research note on Friday, May 9th. Morgan Stanley upped their price objective on shares of Lincoln National from $32.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Lincoln National from $40.00 to $38.00 and set a "market perform" rating on the stock in a report on Wednesday, April 9th. Two 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 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.