Voya Investment Management LLC Has $3.25 Million Holdings in Lincoln National Co. (NYSE:LNC)

Voya Investment Management LLC increased its holdings in shares of Lincoln National Co. (NYSE:LNC - Free Report) by 68.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 102,379 shares of the financial services provider's stock after acquiring an additional 41,736 shares during the quarter. Voya Investment Management LLC owned approximately 0.06% of Lincoln National worth $3,246,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its position in shares of Lincoln National by 11.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 100,774 shares of the financial services provider's stock worth $3,196,000 after buying an additional 10,327 shares during the period. State of Tennessee Department of Treasury increased its holdings in shares of Lincoln National by 7.8% in the fourth quarter. State of Tennessee Department of Treasury now owns 106,896 shares of the financial services provider's stock valued at $3,390,000 after buying an additional 7,754 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Lincoln National by 498.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 24,716 shares of the financial services provider's stock valued at $784,000 after purchasing an additional 20,586 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Lincoln National by 2.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,876,319 shares of the financial services provider's stock valued at $91,208,000 after buying an additional 56,614 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in Lincoln National by 53.1% in the 4th quarter. First Trust Advisors LP now owns 1,258,512 shares of the financial services provider's stock worth $39,907,000 after purchasing an additional 436,462 shares during the period. Institutional investors own 72.81% of the company's stock.

Lincoln National Price Performance

LNC stock traded up $0.09 during trading on Tuesday, hitting $33.02. 2,269,628 shares of the stock traded hands, compared to its average volume of 1,616,107. The stock has a market cap of $5.64 billion, a price-to-earnings ratio of 1.80, a P/E/G ratio of 0.30 and a beta of 1.42. Lincoln National Co. has a one year low of $27.58 and a one year high of $39.85. 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 company has a 50 day simple moving average of $33.72 and a 200 day simple moving average of $34.01.

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

Lincoln National Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 5.45%. The ex-dividend date was Thursday, April 10th. Lincoln National's payout ratio is presently 9.79%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Barclays boosted their price target on shares of Lincoln National from $36.00 to $38.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. UBS Group boosted their target price on shares of Lincoln National from $32.00 to $38.00 and gave the stock a "neutral" rating in a research 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 report on Thursday, April 10th. Keefe, Bruyette & Woods cut 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. Finally, Evercore ISI lifted their target price 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. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $35.91.

Lincoln National 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.