Lincoln National Co. (NYSE:LNC) Shares Sold by Entropy Technologies LP

Entropy Technologies LP reduced its position in Lincoln National Co. (NYSE:LNC) by 68.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,121 shares of the financial services provider’s stock after selling 17,603 shares during the quarter. Entropy Technologies LP’s holdings in Lincoln National were worth $258,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. increased its stake in Lincoln National by 535.5% in the 3rd quarter. Blue Trust Inc. now owns 1,074 shares of the financial services provider’s stock valued at $33,000 after buying an additional 905 shares during the period. Larson Financial Group LLC grew its stake in shares of Lincoln National by 95.3% during the 3rd quarter. Larson Financial Group LLC now owns 1,086 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 530 shares during the period. Eastern Bank acquired a new position in shares of Lincoln National during the 3rd quarter worth $40,000. Meeder Asset Management Inc. acquired a new position in shares of Lincoln National during the 3rd quarter worth $48,000. Finally, Crews Bank & Trust acquired a new position in shares of Lincoln National during the 4th quarter worth $51,000. 72.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods upped their price target on shares of Lincoln National from $37.00 to $40.00 and gave the stock a “market perform” rating in a research note on Wednesday. StockNews.com raised shares of Lincoln National from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Barclays upped their price target on shares of Lincoln National from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. Wells Fargo & Company lowered their price target on shares of Lincoln National from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Finally, TD Cowen boosted their price objective on shares of Lincoln National from $34.00 to $37.00 and gave the stock a “hold” rating in a research 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.com, Lincoln National presently has an average rating of “Hold” and an average target price of $34.40.

Lincoln National Price Performance

NYSE:LNC opened at $39.19 on Friday. The firm has a market cap of $6.68 billion, a price-to-earnings ratio of 2.13, a price-to-earnings-growth ratio of 0.28 and a beta of 1.79. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.80. The company’s 50-day moving average is $33.23 and its two-hundred day moving average is $32.66. Lincoln National Co. has a 12-month low of $25.60 and a 12-month high of $39.34.

Lincoln National (NYSE:LNC) last released its earnings results on Thursday, February 6th. The financial services provider reported $1.91 earnings per share (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%. Research analysts expect that Lincoln National Co. will post 7.63 EPS for the current year.

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.