Signaturefd LLC Sells 1,214 Shares of Lincoln National Co. (NYSE:LNC)

Signaturefd LLC lessened its stake in Lincoln National Co. (NYSE:LNC) by 18.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,438 shares of the financial services provider’s stock after selling 1,214 shares during the period. Signaturefd LLC’s holdings in Lincoln National were worth $147,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Hsbc Holdings PLC lifted its stake in shares of Lincoln National by 2,107.9% in the 3rd quarter. Hsbc Holdings PLC now owns 4,279,462 shares of the financial services provider’s stock valued at $105,703,000 after acquiring an additional 4,085,637 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of Lincoln National by 53.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 3,157,195 shares of the financial services provider’s stock valued at $77,951,000 after acquiring an additional 1,098,532 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Lincoln National by 26.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,960,653 shares of the financial services provider’s stock valued at $48,409,000 after acquiring an additional 412,312 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Lincoln National by 82.1% in the 3rd quarter. Principal Financial Group Inc. now owns 1,758,754 shares of the financial services provider’s stock valued at $43,424,000 after acquiring an additional 792,900 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Lincoln National by 24.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,468,971 shares of the financial services provider’s stock valued at $36,269,000 after acquiring an additional 289,733 shares during the last quarter. Institutional investors own 72.81% of the company’s stock.

Lincoln National Stock Down 0.5 %

LNC stock opened at $27.81 on Monday. Lincoln National Co. has a fifty-two week low of $18.50 and a fifty-two week high of $32.43. The business’s 50 day moving average price is $28.42 and its two-hundred day moving average price is $26.46. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.26 and a current ratio of 0.26. The company has a market capitalization of $4.73 billion, a price-to-earnings ratio of -5.57, a price-to-earnings-growth ratio of 0.18 and a beta of 1.81.

Lincoln National (NYSE:LNC) last posted its earnings results on Thursday, February 8th. The financial services provider reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.13. Lincoln National had a positive return on equity of 20.81% and a negative net margin of 6.46%. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $4.44 billion. As a group, analysts forecast that Lincoln National Co. will post 6.47 earnings per share for the current fiscal year.

Lincoln National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be paid a $0.45 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $1.80 annualized dividend and a dividend yield of 6.47%. Lincoln National’s payout ratio is currently -36.07%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LNC. Wells Fargo & Company boosted their price target on Lincoln National from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Thursday, April 11th. JPMorgan Chase & Co. boosted their price target on Lincoln National from $26.00 to $29.00 and gave the company an “underweight” rating in a report on Tuesday, April 2nd. UBS Group boosted their price target on Lincoln National from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, January 10th. Jefferies Financial Group upgraded Lincoln National from an “underperform” rating to a “hold” rating in a report on Monday, February 12th. Finally, The Goldman Sachs Group boosted their price target on Lincoln National from $29.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $28.45.

Insider Buying and Selling

In related news, Director Owen Ryan purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average price of $25.90 per share, for a total transaction of $259,000.00. Following the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $259,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.54% of the stock is currently owned by company insiders.

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.