DnB Asset Management AS Decreases Holdings in Lincoln National Co. (LNC)

DnB Asset Management AS cut its holdings in shares of Lincoln National Co. (NYSE:LNC) by 21.9% during the 4th quarter, HoldingsChannel reports. The fund owned 58,750 shares of the financial services provider’s stock after selling 16,500 shares during the quarter. DnB Asset Management AS’s holdings in Lincoln National were worth $4,516,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Krilogy Financial LLC raised its stake in shares of Lincoln National by 1.2% during the second quarter. Krilogy Financial LLC now owns 3,460 shares of the financial services provider’s stock worth $234,000 after acquiring an additional 40 shares in the last quarter. D.A. Davidson & CO. raised its stake in shares of Lincoln National by 8.6% during the second quarter. D.A. Davidson & CO. now owns 1,726 shares of the financial services provider’s stock worth $116,000 after acquiring an additional 136 shares in the last quarter. Altavista Wealth Management Inc. raised its stake in shares of Lincoln National by 0.3% during the second quarter. Altavista Wealth Management Inc. now owns 66,979 shares of the financial services provider’s stock worth $4,526,000 after acquiring an additional 188 shares in the last quarter. Thrivent Financial For Lutherans raised its stake in shares of Lincoln National by 2.8% during the second quarter. Thrivent Financial For Lutherans now owns 8,514 shares of the financial services provider’s stock worth $575,000 after acquiring an additional 230 shares in the last quarter. Finally, Stephens Inc. AR raised its stake in shares of Lincoln National by 3.9% during the second quarter. Stephens Inc. AR now owns 10,313 shares of the financial services provider’s stock worth $697,000 after acquiring an additional 387 shares in the last quarter. 80.32% of the stock is currently owned by hedge funds and other institutional investors.

Lincoln National Co. (LNC) opened at $84.37 on Friday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.30. Lincoln National Co. has a one year low of $61.45 and a one year high of $84.75. The company has a market cap of $18,460.00, a price-to-earnings ratio of 13.16, a P/E/G ratio of 1.15 and a beta of 2.01.

Lincoln National (NYSE:LNC) last issued its earnings results on Wednesday, November 1st. The financial services provider reported $2.03 EPS for the quarter, topping the consensus estimate of $1.84 by $0.19. Lincoln National had a net margin of 10.50% and a return on equity of 11.16%. The company had revenue of $3.51 billion for the quarter, compared to the consensus estimate of $3.62 billion. During the same period in the previous year, the firm earned $1.89 earnings per share. The firm’s revenue for the quarter was down .4% on a year-over-year basis. analysts anticipate that Lincoln National Co. will post 7.72 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be given a dividend of $0.33 per share. This is an increase from Lincoln National’s previous quarterly dividend of $0.29. This represents a $1.32 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Tuesday, January 9th. Lincoln National’s payout ratio is presently 20.59%.

Several research analysts have commented on the stock. Barclays reissued a “buy” rating and set a $90.00 price target on shares of Lincoln National in a research note on Tuesday. Zacks Investment Research raised shares of Lincoln National from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a research note on Monday, January 8th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $89.00 target price on shares of Lincoln National in a research note on Friday, December 22nd. Royal Bank of Canada reaffirmed a “buy” rating and issued a $86.00 target price on shares of Lincoln National in a research note on Friday, December 8th. Finally, JPMorgan Chase & Co. raised shares of Lincoln National from a “neutral” rating to an “overweight” rating and set a $87.00 target price on the stock in a research note on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. Lincoln National has an average rating of “Buy” and an average target price of $83.27.

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About Lincoln National

Lincoln National Corporation is a holding company, which operates insurance and retirement businesses through subsidiary companies. The Company sells a range of wealth protection, accumulation and retirement income products and solutions, through its business segments. The Company operates through four segments: Annuities segment, which offers fixed (including indexed) and variable annuities; Retirement Plan Services segment, which provides employers with retirement plan products and services; Life Insurance segment, which focuses on the creation and protection of wealth through life insurance products, and Group Protection, which offers principally group non-medical insurance products.

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Institutional Ownership by Quarter for Lincoln National (NYSE:LNC)

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