Tudor Investment Corp ET AL Sells 17,010 Shares of Lincoln National Co. (NYSE:LNC)

Tudor Investment Corp ET AL reduced its holdings in Lincoln National Co. (NYSE:LNC - Free Report) by 11.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 125,748 shares of the financial services provider's stock after selling 17,010 shares during the period. Tudor Investment Corp ET AL owned about 0.07% of Lincoln National worth $3,987,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of LNC. M Holdings Securities Inc. acquired a new position in Lincoln National during the 4th quarter worth approximately $29,000. Headlands Technologies LLC acquired a new stake in Lincoln National during the fourth quarter worth approximately $35,000. SBI Securities Co. Ltd. acquired a new position in Lincoln National during the fourth quarter worth approximately $36,000. Aster Capital Management DIFC Ltd raised its holdings in Lincoln National by 182.2% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,250 shares of the financial services provider's stock valued at $40,000 after buying an additional 807 shares during the period. Finally, Hillsdale Investment Management Inc. boosted its holdings in 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 acquiring an additional 350 shares during the period. 72.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LNC has been the subject of a number of analyst reports. Keefe, Bruyette & Woods reduced their price target on 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. Morgan Stanley decreased their target price on Lincoln National from $42.00 to $32.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. Wells Fargo & Company reduced their target price on Lincoln National from $36.00 to $31.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. Evercore ISI lifted their price target on shares of Lincoln National from $41.00 to $44.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 19th. Finally, UBS Group lifted their price target on shares of Lincoln National from $32.00 to $38.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Lincoln National currently has a consensus rating of "Hold" and a consensus price target of $35.91.

Lincoln National Stock Down 0.7 %

NYSE:LNC traded down $0.22 during mid-day trading on Monday, hitting $32.91. The stock had a trading volume of 1,592,816 shares, compared to its average volume of 1,613,494. Lincoln National Co. has a twelve month low of $27.58 and a twelve month high of $39.85. The company has a market capitalization of $5.62 billion, a PE ratio of 1.79, a PEG ratio of 0.30 and a beta of 1.42. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.80. The stock has a 50-day simple moving average of $33.81 and a two-hundred day simple moving average of $34.02.

Lincoln National (NYSE:LNC - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.91 earnings per share for the quarter, beating 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%. On average, equities research analysts anticipate that Lincoln National Co. will post 7.69 EPS for the current year.

Lincoln National Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 5.47%. The ex-dividend date of this dividend was Thursday, April 10th. Lincoln National's payout ratio is 9.79%.

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.