Invesco Ltd. Has $50.48 Million Holdings in Lincoln National Co. (NYSE:LNC)

Invesco Ltd. trimmed its holdings in Lincoln National Co. (NYSE:LNC - Free Report) by 10.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,591,977 shares of the financial services provider's stock after selling 180,162 shares during the quarter. Invesco Ltd. owned about 0.93% of Lincoln National worth $50,482,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. M Holdings Securities Inc. bought a new position in Lincoln National in the fourth quarter valued at about $29,000. Headlands Technologies LLC bought a new stake in shares of Lincoln National during the fourth quarter worth approximately $35,000. SBI Securities Co. Ltd. bought a new position in Lincoln National in the fourth quarter valued at approximately $36,000. Aster Capital Management DIFC Ltd raised its position in shares of Lincoln National by 182.2% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,250 shares of the financial services provider's stock valued at $40,000 after acquiring an additional 807 shares during the last quarter. Finally, Hillsdale Investment Management Inc. boosted its position in shares of Lincoln National by 30.4% in the 4th quarter. Hillsdale Investment Management Inc. now owns 1,500 shares of the financial services provider's stock worth $48,000 after purchasing an additional 350 shares during the last quarter. Institutional investors and hedge funds own 72.81% of the company's stock.

Lincoln National Stock Down 2.6 %

Lincoln National stock traded down $0.80 during midday trading on Monday, reaching $29.47. The stock had a trading volume of 176,614 shares, compared to its average volume of 1,613,135. The stock has a market capitalization of $5.03 billion, a P/E ratio of 1.61, a price-to-earnings-growth ratio of 0.30 and a beta of 1.56. The firm's fifty day simple moving average is $35.21 and its 200-day simple moving average is $34.07. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.27 and a current ratio of 0.27. Lincoln National Co. has a 1-year low of $25.80 and a 1-year high of $39.85.

Lincoln National (NYSE:LNC - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.87 by $0.04. Lincoln National had a net margin of 17.76% and a return on equity of 18.47%. As a group, analysts expect that Lincoln National Co. will post 7.69 EPS for the current fiscal year.

Lincoln National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.11%. Lincoln National's dividend payout ratio is 9.79%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on LNC shares. Morgan Stanley reduced their target price on Lincoln National from $42.00 to $32.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. UBS Group increased their target price on shares of Lincoln National from $32.00 to $38.00 and gave the stock a "neutral" rating in a report on Wednesday, April 2nd. Evercore ISI boosted their price target on shares of Lincoln National from $41.00 to $44.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. Keefe, Bruyette & Woods dropped their price objective on Lincoln National from $40.00 to $38.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 9th. Finally, Barclays boosted their target price on Lincoln National from $36.00 to $38.00 and gave the company an "equal weight" rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $35.91.

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.