Chevy Chase Trust Holdings LLC Trims Stock Position in Lincoln National Co. (NYSE:LNC)

Chevy Chase Trust Holdings LLC decreased its position in Lincoln National Co. (NYSE:LNC – Get Rating) by 6.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 88,566 shares of the financial services provider’s stock after selling 6,122 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.05% of Lincoln National worth $2,721,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp increased its stake in shares of Lincoln National by 20.8% during the third quarter. State Street Corp now owns 9,443,719 shares of the financial services provider’s stock worth $414,674,000 after purchasing an additional 1,628,081 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Lincoln National by 1.4% during the third quarter. Dimensional Fund Advisors LP now owns 3,101,324 shares of the financial services provider’s stock worth $136,185,000 after purchasing an additional 41,656 shares in the last quarter. Invesco Ltd. increased its stake in shares of Lincoln National by 15.9% during the first quarter. Invesco Ltd. now owns 3,005,501 shares of the financial services provider’s stock worth $196,440,000 after purchasing an additional 411,343 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Lincoln National by 1.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,339,584 shares of the financial services provider’s stock worth $87,555,000 after purchasing an additional 16,180 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Lincoln National by 1.5% during the second quarter. Legal & General Group Plc now owns 1,154,708 shares of the financial services provider’s stock worth $54,005,000 after purchasing an additional 16,972 shares in the last quarter. Hedge funds and other institutional investors own 78.00% of the company’s stock.

Insider Buying and Selling

In other news, Director Gary C. Kelly bought 7,838 shares of Lincoln National stock in a transaction dated Thursday, May 11th. The stock was bought at an average price of $25.52 per share, for a total transaction of $200,025.76. Following the purchase, the director now owns 15,007 shares of the company’s stock, valued at $382,978.64. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.55% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on LNC shares. Barclays lowered their price target on shares of Lincoln National from $20.00 to $17.00 in a research report on Wednesday, May 3rd. Wells Fargo & Company reduced their price target on shares of Lincoln National from $35.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 5th. Morgan Stanley reduced their price target on shares of Lincoln National from $38.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 12th. StockNews.com assumed coverage on shares of Lincoln National in a research note on Thursday. They set a “sell” rating on the stock. Finally, 22nd Century Group reaffirmed a “maintains” rating on shares of Lincoln National in a research note on Monday, May 15th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Lincoln National currently has a consensus rating of “Hold” and an average price target of $31.43.

Lincoln National Trading Down 2.1 %

Shares of Lincoln National stock opened at $20.95 on Monday. The company has a fifty day simple moving average of $21.07 and a 200-day simple moving average of $28.87. Lincoln National Co. has a 12-month low of $18.50 and a 12-month high of $58.68. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.04. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of -1.09 and a beta of 1.76.

Lincoln National (NYSE:LNC – Get Rating) last issued its quarterly earnings results on Tuesday, May 9th. The financial services provider reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.03. The firm had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $4.59 billion. Lincoln National had a negative net margin of 17.97% and a negative return on equity of 17.09%. Lincoln National’s quarterly revenue was down 19.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.66 EPS. On average, equities analysts forecast that Lincoln National Co. will post 7.14 EPS for the current fiscal year.

Lincoln National Profile

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Lincoln National Corp. is a holding company, which operates multiple insurance and retirement businesses through its subsidiary companies. It provides advice and solutions that help empower people to take charge of their financial lives with confidence and optimism. It operates through the following segments: Annuities, Retirement Plan Services, Life Insurance, Group Protection, and Other Operations.