Lincoln National Corporation $LNC Holdings Lowered by Capital Fund Management S.A.

Capital Fund Management S.A. reduced its stake in Lincoln National Corporation (NYSE:LNC) by 30.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 194,581 shares of the financial services provider’s stock after selling 86,113 shares during the period. Capital Fund Management S.A. owned 0.10% of Lincoln National worth $6,733,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Advisors Asset Management Inc. bought a new stake in Lincoln National during the second quarter worth approximately $28,000. Ameritas Advisory Services LLC acquired a new position in shares of Lincoln National during the 2nd quarter valued at $29,000. Brooklyn Investment Group raised its stake in shares of Lincoln National by 82.9% in the 1st quarter. Brooklyn Investment Group now owns 1,156 shares of the financial services provider’s stock worth $42,000 after buying an additional 524 shares in the last quarter. Friedenthal Financial acquired a new stake in shares of Lincoln National in the second quarter valued at $42,000. Finally, Hantz Financial Services Inc. boosted its stake in Lincoln National by 3,927.0% during the second quarter. Hantz Financial Services Inc. now owns 1,490 shares of the financial services provider’s stock valued at $52,000 after buying an additional 1,453 shares in the last quarter. Institutional investors and hedge funds own 72.81% of the company’s stock.

Lincoln National Stock Down 0.5%

Shares of NYSE:LNC opened at $41.14 on Monday. The firm has a 50 day simple moving average of $40.27 and a 200 day simple moving average of $37.89. Lincoln National Corporation has a 52 week low of $27.58 and a 52 week high of $43.66. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.26 and a current ratio of 0.26. The company has a market cap of $7.81 billion, a PE ratio of 7.18, a price-to-earnings-growth ratio of 0.50 and a beta of 1.49.

Lincoln National (NYSE:LNC) last announced its earnings results on Thursday, October 30th. The financial services provider reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.20. The company had revenue of $4.56 billion for the quarter, compared to the consensus estimate of $4.80 billion. Lincoln National had a net margin of 6.34% and a return on equity of 19.14%. During the same period in the previous year, the business earned $2.06 EPS. As a group, research analysts expect that Lincoln National Corporation will post 7.69 earnings per share for the current year.

Lincoln National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Monday, January 12th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Monday, January 12th. Lincoln National’s dividend payout ratio is currently 16.16%.

Analyst Upgrades and Downgrades

Several brokerages have commented on LNC. Wells Fargo & Company boosted their price target on shares of Lincoln National from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. Piper Sandler reissued a “neutral” rating and set a $42.00 target price on shares of Lincoln National in a research note on Tuesday, October 7th. Morgan Stanley reduced their target price on shares of Lincoln National from $58.00 to $53.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Evercore ISI upped their price target on Lincoln National from $45.00 to $46.00 and gave the company an “in-line” rating in a report on Thursday, October 9th. Finally, Keefe, Bruyette & Woods raised their price objective on Lincoln National from $43.00 to $44.00 and gave the stock a “market perform” rating in a research note on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $43.40.

Insider Transactions at Lincoln National

In other Lincoln National news, Director Owen Ryan acquired 2,000 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was purchased at an average cost of $42.17 per share, for a total transaction of $84,340.00. Following the transaction, the director owned 12,000 shares of the company’s stock, valued at $506,040. The trade was a 20.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.51% 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.