Lincoln National Co. (NYSE:LNC) Shares Sold by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC cut its stake in Lincoln National Co. (NYSE:LNC - Free Report) by 20.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 157,809 shares of the financial services provider's stock after selling 40,817 shares during the quarter. Schonfeld Strategic Advisors LLC owned approximately 0.09% of Lincoln National worth $5,004,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Principal Financial Group Inc. lifted its stake in shares of Lincoln National by 7.2% in the 3rd quarter. Principal Financial Group Inc. now owns 3,309,453 shares of the financial services provider's stock valued at $104,281,000 after purchasing an additional 223,129 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Lincoln National by 14.4% during the 4th quarter. JPMorgan Chase & Co. now owns 330,755 shares of the financial services provider's stock worth $10,488,000 after acquiring an additional 41,533 shares in the last quarter. National Bank of Canada FI grew its position in shares of Lincoln National by 20,127.5% during the 4th quarter. National Bank of Canada FI now owns 316,965 shares of the financial services provider's stock valued at $10,051,000 after acquiring an additional 315,398 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Lincoln National by 19.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 64,658 shares of the financial services provider's stock valued at $2,050,000 after purchasing an additional 10,560 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in Lincoln National in the 4th quarter worth about $1,050,000. Hedge funds and other institutional investors own 72.81% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Wells Fargo & Company cut 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. Keefe, Bruyette & Woods reduced their price objective on shares of Lincoln National from $40.00 to $38.00 and set a "market perform" rating for the company in a research report on Wednesday, April 9th. UBS Group increased their price objective on shares of Lincoln National from $32.00 to $38.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. Morgan Stanley reduced their price target on shares of Lincoln National from $42.00 to $32.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Finally, Evercore ISI boosted their price objective on Lincoln National from $41.00 to $44.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $35.91.

Lincoln National Price Performance

LNC stock opened at $33.11 on Friday. Lincoln National Co. has a 1 year low of $27.33 and a 1 year high of $39.85. The firm has a market capitalization of $5.65 billion, a PE ratio of 1.80, a price-to-earnings-growth ratio of 0.30 and a beta of 1.56. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.27 and a quick ratio of 0.27. The business has a 50 day simple moving average of $33.81 and a 200-day simple moving average of $34.01.

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

Lincoln National Announces Dividend

The company 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 annualized dividend and a yield of 5.44%. Lincoln National's payout ratio is 9.79%.

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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