Lincoln National Co. (NYSE:LNC) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its position in Lincoln National Co. (NYSE:LNC - Free Report) by 39.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 333,688 shares of the financial services provider's stock after selling 220,105 shares during the quarter. Russell Investments Group Ltd. owned about 0.20% of Lincoln National worth $9,000,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Security Financial Services INC. raised its stake in shares of Lincoln National by 4.6% during the 4th quarter. Security Financial Services INC. now owns 8,803 shares of the financial services provider's stock valued at $237,000 after purchasing an additional 385 shares during the period. Greenleaf Trust raised its stake in shares of Lincoln National by 3.9% during the 3rd quarter. Greenleaf Trust now owns 12,557 shares of the financial services provider's stock valued at $310,000 after purchasing an additional 468 shares during the period. Allworth Financial LP raised its stake in shares of Lincoln National by 14.4% during the 4th quarter. Allworth Financial LP now owns 4,238 shares of the financial services provider's stock valued at $114,000 after purchasing an additional 532 shares during the period. Yousif Capital Management LLC raised its stake in shares of Lincoln National by 0.6% during the 4th quarter. Yousif Capital Management LLC now owns 91,833 shares of the financial services provider's stock valued at $2,477,000 after purchasing an additional 535 shares during the period. Finally, Advisor Partners II LLC raised its stake in shares of Lincoln National by 1.6% during the 3rd quarter. Advisor Partners II LLC now owns 34,732 shares of the financial services provider's stock valued at $858,000 after purchasing an additional 550 shares during the period. 72.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Lincoln National

In other news, Director Owen Ryan bought 10,000 shares of the firm's stock in a transaction dated Friday, February 9th. The stock was purchased at an average price of $25.90 per share, with a total value of $259,000.00. Following the transaction, the director now owns 10,000 shares of the company's stock, valued at $259,000. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on LNC shares. Keefe, Bruyette & Woods boosted their target price on Lincoln National from $30.00 to $32.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 10th. Piper Sandler reduced their target price on Lincoln National from $32.00 to $30.00 and set a "neutral" rating for the company in a research report on Monday. The Goldman Sachs Group boosted their target price on Lincoln National from $29.00 to $36.00 and gave the stock a "buy" rating in a research report on Tuesday, January 9th. Jefferies Financial Group upgraded Lincoln National from an "underperform" rating to a "hold" rating in a report on Monday, February 12th. Finally, StockNews.com upgraded Lincoln National from a "sell" rating to a "hold" rating in a report on Monday, April 15th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Lincoln National currently has a consensus rating of "Hold" and a consensus price target of $28.27.

Lincoln National Trading Up 0.6 %

LNC stock traded up $0.16 during trading on Tuesday, hitting $29.13. 1,831,011 shares of the company traded hands, compared to its average volume of 1,908,959. The company has a 50-day moving average of $28.50 and a 200-day moving average of $26.63. The firm has a market capitalization of $4.95 billion, a PE ratio of 3.96, a P/E/G ratio of 0.18 and a beta of 1.80. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.26 and a current ratio of 0.26. Lincoln National Co. has a 1 year low of $18.50 and a 1 year high of $32.43.

Lincoln National (NYSE:LNC - Get Free Report) last released its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.32 by $0.13. The business had revenue of $1.97 billion during the quarter, compared to analyst estimates of $4.44 billion. Lincoln National had a return on equity of 19.50% and a net margin of 11.31%. Analysts predict that Lincoln National Co. will post 6.25 earnings per share for the current fiscal year.

Lincoln National Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 6.18%. The ex-dividend date was Tuesday, April 9th. Lincoln National's payout ratio is 24.62%.

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.