National Bank of Canada FI Decreases Stake in Lincoln National Co. (NYSE:LNC)

National Bank of Canada FI lowered its position in Lincoln National Co. (NYSE:LNC - Free Report) by 97.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,001 shares of the financial services provider's stock after selling 37,311 shares during the period. National Bank of Canada FI's holdings in Lincoln National were worth $27,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Financial Gravity Asset Management Inc. increased its holdings in shares of Lincoln National by 3,930.8% during the third quarter. Financial Gravity Asset Management Inc. now owns 1,048 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 1,022 shares in the last quarter. CVA Family Office LLC acquired a new stake in shares of Lincoln National during the fourth quarter worth $37,000. Highlander Capital Management LLC grew its holdings in shares of Lincoln National by 200.0% during the fourth quarter. Highlander Capital Management LLC now owns 1,500 shares of the financial services provider's stock valued at $40,000 after buying an additional 1,000 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of Lincoln National by 115.2% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,752 shares of the financial services provider's stock valued at $43,000 after acquiring an additional 938 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in Lincoln National by 47.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the financial services provider's stock worth $44,000 after acquiring an additional 571 shares during the last quarter. Institutional investors own 72.81% of the company's stock.

Lincoln National Price Performance

NYSE LNC traded down $0.21 during trading hours on Monday, reaching $30.05. The company's stock had a trading volume of 1,561,365 shares, compared to its average volume of 1,845,456. The firm has a market capitalization of $5.11 billion, a price-to-earnings ratio of 4.11, a P/E/G ratio of 0.24 and a beta of 1.80. The company's 50-day moving average is $28.97 and its two-hundred day moving average is $27.14. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.26 and a quick ratio of 0.26. Lincoln National Co. has a 1-year low of $20.47 and a 1-year high of $32.43.

Lincoln National Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 5.99%. The ex-dividend date of this dividend was Tuesday, April 9th. Lincoln National's payout ratio is presently 24.62%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LNC. Jefferies Financial Group raised Lincoln National from an "underperform" rating to a "hold" rating in a report on Monday, February 12th. StockNews.com upgraded shares of Lincoln National from a "sell" rating to a "hold" rating in a research note on Monday, April 15th. Piper Sandler cut their price objective on shares of Lincoln National from $32.00 to $30.00 and set a "neutral" rating on the stock in a research note on Monday, May 6th. Wells Fargo & Company decreased their target price on shares of Lincoln National from $28.00 to $27.00 and set an "equal weight" rating for the company in a research report on Friday, May 10th. Finally, JPMorgan Chase & Co. increased their price target on Lincoln National from $26.00 to $29.00 and gave the stock an "underweight" rating in a research report on Tuesday, April 2nd. Two investment analysts have rated the stock with a sell rating, nine have given 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 an average price target of $28.40.

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.