Lincoln National Co. (NYSE:LNC) Shares Sold by Independent Advisor Alliance

Independent Advisor Alliance cut its position in shares of Lincoln National Co. (NYSE:LNC) by 51.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 20,952 shares of the financial services provider’s stock after selling 21,786 shares during the quarter. Independent Advisor Alliance’s holdings in Lincoln National were worth $660,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of LNC. Whittier Trust Co. boosted its stake in shares of Lincoln National by 106.7% during the 2nd quarter. Whittier Trust Co. now owns 835 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 431 shares in the last quarter. Adirondack Trust Co. bought a new stake in shares of Lincoln National during the 2nd quarter worth $31,000. Blue Trust Inc. boosted its stake in shares of Lincoln National by 535.5% during the 3rd quarter. Blue Trust Inc. now owns 1,074 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 905 shares in the last quarter. Larson Financial Group LLC boosted its stake in shares of Lincoln National by 95.3% during the 3rd quarter. Larson Financial Group LLC now owns 1,086 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 530 shares in the last quarter. Finally, Eastern Bank bought a new stake in shares of Lincoln National during the 3rd quarter worth $40,000. 72.81% of the stock is currently owned by institutional investors and hedge funds.

Lincoln National Price Performance

LNC opened at $35.45 on Thursday. The stock has a market cap of $6.04 billion, a price-to-earnings ratio of 25.32, a PEG ratio of 0.32 and a beta of 1.79. Lincoln National Co. has a 1 year low of $23.40 and a 1 year high of $36.98. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.73. The stock has a fifty day moving average price of $33.14 and a 200 day moving average price of $31.96.

Lincoln National (NYSE:LNC) last posted its earnings results on Thursday, October 31st. The financial services provider reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.42. Lincoln National had a return on equity of 18.15% and a net margin of 2.51%. The company had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.61 billion. During the same period last year, the company earned $0.23 earnings per share. The business’s revenue was down 2.2% compared to the same quarter last year. Analysts forecast that Lincoln National Co. will post 6.53 EPS for the current fiscal year.

Lincoln National Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be issued a dividend of $0.45 per share. The ex-dividend date is Friday, January 10th. This represents a $1.80 annualized dividend and a yield of 5.08%. Lincoln National’s dividend payout ratio (DPR) is currently 128.57%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. StockNews.com raised Lincoln National from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Morgan Stanley decreased their target price on Lincoln National from $30.00 to $29.00 and set an “equal weight” rating for the company in a research report on Monday, August 19th. Barclays raised their target price on Lincoln National from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Piper Sandler decreased their target price on Lincoln National from $37.00 to $34.00 and set a “neutral” rating for the company in a research report on Wednesday, October 2nd. Finally, TD Cowen raised their target price on Lincoln National from $34.00 to $37.00 and gave the stock a “hold” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $33.25.

Insider Buying and Selling at Lincoln National

In other news, EVP John Christopher Kennedy sold 2,863 shares of Lincoln National stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $36.00, for a total value of $103,068.00. Following the transaction, the executive vice president now directly owns 99,644 shares in the company, valued at approximately $3,587,184. The trade was a 2.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

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.