Congress Wealth Management LLC DE Sells 101,535 Shares of Lincoln National Co. (NYSE:LNC)

Congress Wealth Management LLC DE reduced its holdings in shares of Lincoln National Co. (NYSE:LNC) by 50.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 100,805 shares of the financial services provider’s stock after selling 101,535 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Lincoln National were worth $3,197,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. M Holdings Securities Inc. purchased a new stake in Lincoln National in the fourth quarter worth $29,000. Larson Financial Group LLC grew its holdings in shares of Lincoln National by 95.3% in the third quarter. Larson Financial Group LLC now owns 1,086 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 530 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Lincoln National in the 4th quarter worth about $36,000. Hillsdale Investment Management Inc. lifted its holdings in Lincoln National by 30.4% during the 4th quarter. Hillsdale Investment Management Inc. now owns 1,500 shares of the financial services provider’s stock valued at $48,000 after buying an additional 350 shares in the last quarter. Finally, Crews Bank & Trust purchased a new stake in Lincoln National in the 4th quarter valued at about $51,000. Hedge funds and other institutional investors own 72.81% of the company’s stock.

Wall Street Analysts Forecast Growth

LNC has been the topic of a number of research reports. TD Cowen raised their target price on shares of Lincoln National from $34.00 to $37.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. Evercore ISI raised their price objective on Lincoln National from $41.00 to $44.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. Barclays upped their target price on Lincoln National from $36.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Keefe, Bruyette & Woods raised their price target on Lincoln National from $37.00 to $40.00 and gave the company a “market perform” rating in a research note on Wednesday, February 12th. Finally, Morgan Stanley lifted their price objective on Lincoln National from $39.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Lincoln National currently has a consensus rating of “Hold” and a consensus price target of $37.40.

Lincoln National Trading Down 0.7 %

Shares of NYSE:LNC opened at $37.41 on Thursday. 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 market capitalization of $6.38 billion, a PE ratio of 2.04, a P/E/G ratio of 0.30 and a beta of 1.76. Lincoln National Co. has a 12-month low of $25.80 and a 12-month high of $39.85. The business’s fifty day simple moving average is $36.16 and its 200-day simple moving average is $33.87.

Lincoln National (NYSE:LNC) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts predict that Lincoln National Co. will post 7.69 earnings per share for the current fiscal year.

Lincoln National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.80 annualized dividend and a dividend yield of 4.81%. Lincoln National’s dividend payout ratio (DPR) is presently 9.79%.

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.