Lincoln National Co. (NYSE:LNC) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. decreased its stake in shares of Lincoln National Co. (NYSE:LNC) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 149,986 shares of the financial services provider’s stock after selling 9,294 shares during the period. PNC Financial Services Group Inc.’s holdings in Lincoln National were worth $4,756,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of LNC. Sigma Planning Corp increased its stake in Lincoln National by 5.4% during the 3rd quarter. Sigma Planning Corp now owns 27,780 shares of the financial services provider’s stock valued at $875,000 after buying an additional 1,435 shares during the period. Venturi Wealth Management LLC increased its stake in Lincoln National by 459.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,083 shares of the financial services provider’s stock valued at $66,000 after buying an additional 1,711 shares during the period. Versor Investments LP acquired a new position in shares of Lincoln National in the 3rd quarter worth approximately $259,000. Entropy Technologies LP raised its holdings in shares of Lincoln National by 262.6% in the 3rd quarter. Entropy Technologies LP now owns 25,724 shares of the financial services provider’s stock worth $811,000 after purchasing an additional 18,630 shares in the last quarter. Finally, GSA Capital Partners LLP raised its holdings in shares of Lincoln National by 334.3% in the 3rd quarter. GSA Capital Partners LLP now owns 66,662 shares of the financial services provider’s stock worth $2,101,000 after purchasing an additional 51,313 shares in the last quarter. Institutional investors and hedge funds own 72.81% of the company’s stock.

Analysts Set New Price Targets

LNC has been the topic of a number of research reports. Barclays boosted their target price on shares of 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 boosted their target price on shares of Lincoln National from $37.00 to $40.00 and gave the stock a “market perform” rating in a report on Wednesday, February 12th. Morgan Stanley boosted their target price on shares of Lincoln National from $39.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. Wells Fargo & Company boosted their target price on shares of Lincoln National from $28.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. Finally, TD Cowen boosted their target price on shares of Lincoln National from $34.00 to $37.00 and gave the stock a “hold” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $37.40.

Lincoln National Stock Up 1.0 %

LNC stock opened at $35.15 on Thursday. The company’s 50 day simple moving average is $35.15 and its 200-day simple moving average is $33.52. Lincoln National Co. has a 52-week low of $25.80 and a 52-week high of $39.85. The firm has a market capitalization of $5.99 billion, a P/E ratio of 1.91, a P/E/G ratio of 0.30 and a beta of 1.76. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.27 and a quick ratio of 0.27.

Lincoln National (NYSE:LNC) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.04. Lincoln National had a net margin of 17.76% and a return on equity of 18.47%. As a group, equities research analysts anticipate that Lincoln National Co. will post 7.69 EPS for the current year.

Lincoln National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date is Thursday, April 10th. Lincoln National’s payout ratio 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.