Lincoln National Co. (NYSE:LNC) Shares Sold by Northern Trust Corp

Northern Trust Corp reduced its stake in shares of Lincoln National Co. (NYSE:LNC - Free Report) by 8.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,419,607 shares of the financial services provider's stock after selling 217,661 shares during the period. Northern Trust Corp owned approximately 1.42% of Lincoln National worth $76,726,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Beacon Pointe Advisors LLC boosted its stake in shares of Lincoln National by 11.1% in the 4th quarter. Beacon Pointe Advisors LLC now owns 53,542 shares of the financial services provider's stock valued at $1,698,000 after purchasing an additional 5,341 shares in the last quarter. Aquatic Capital Management LLC boosted its position in Lincoln National by 1.8% during the fourth quarter. Aquatic Capital Management LLC now owns 54,163 shares of the financial services provider's stock valued at $1,718,000 after buying an additional 963 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in shares of Lincoln National during the fourth quarter valued at about $9,132,000. Miller Value Partners LLC lifted its stake in shares of Lincoln National by 28.8% in the 4th quarter. Miller Value Partners LLC now owns 493,685 shares of the financial services provider's stock valued at $15,655,000 after acquiring an additional 110,470 shares during the last quarter. Finally, Voya Investment Management LLC boosted its holdings in Lincoln National by 68.8% during the 4th quarter. Voya Investment Management LLC now owns 102,379 shares of the financial services provider's stock valued at $3,246,000 after acquiring an additional 41,736 shares during the period. Institutional investors own 72.81% of the company's stock.

Lincoln National Stock Performance

Lincoln National stock traded down $0.03 during trading hours on Friday, hitting $33.34. 1,465,708 shares of the stock traded hands, compared to its average volume of 1,626,872. Lincoln National Co. has a 1 year low of $27.58 and a 1 year high of $39.85. The stock has a market capitalization of $5.69 billion, a price-to-earnings ratio of 1.81, a P/E/G ratio of 0.30 and a beta of 1.42. 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 firm's 50 day moving average price is $33.43 and its 200-day moving average price is $34.01.

Lincoln National (NYSE:LNC - Get Free Report) last posted its earnings results on Thursday, May 8th. The financial services provider reported $1.60 EPS for the quarter, topping the consensus estimate of $1.54 by $0.06. The firm had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.71 billion. Lincoln National had a return on equity of 18.47% and a net margin of 17.76%. Lincoln National's revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period last year, the company earned $0.41 earnings per share. As a group, equities 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 was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date of this dividend was Thursday, April 10th. Lincoln National's dividend payout ratio (DPR) is presently 9.79%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on LNC. Evercore ISI lifted their price objective on Lincoln National from $41.00 to $44.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 19th. Barclays upped their price objective on shares of Lincoln National from $38.00 to $40.00 and gave the stock an "equal weight" rating in a report on Friday. Keefe, Bruyette & Woods cut 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 research note on Wednesday, April 9th. UBS Group raised their price objective 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. Finally, Piper Sandler reduced their target price on Lincoln National from $38.00 to $36.00 and set a "neutral" rating on the stock in a report on Friday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $36.27.

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.