Lincoln National Co. (NYSE:LNC) Shares Sold by Kestra Investment Management LLC

Kestra Investment Management LLC decreased its stake in shares of Lincoln National Co. (NYSE:LNC) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,743 shares of the financial services provider’s stock after selling 501 shares during the period. Kestra Investment Management LLC’s holdings in Lincoln National were worth $372,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Valeo Financial Advisors LLC increased its holdings in shares of Lincoln National by 26.5% during the 4th quarter. Valeo Financial Advisors LLC now owns 9,631 shares of the financial services provider’s stock worth $305,000 after buying an additional 2,015 shares during the last quarter. Roman Butler Fullerton & Co. grew its position in Lincoln National by 5.5% during the fourth quarter. Roman Butler Fullerton & Co. now owns 6,610 shares of the financial services provider’s stock valued at $224,000 after acquiring an additional 343 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Lincoln National by 53.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 152,187 shares of the financial services provider’s stock worth $4,846,000 after acquiring an additional 53,300 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of Lincoln National in the 4th quarter worth about $450,000. Finally, Cantor Fitzgerald Investment Advisors L.P. lifted its stake in shares of Lincoln National by 1.2% in the 4th quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 85,832 shares of the financial services provider’s stock valued at $2,722,000 after purchasing an additional 1,050 shares in the last quarter. Hedge funds and other institutional investors own 72.81% of the company’s stock.

Lincoln National Stock Performance

NYSE:LNC opened at $39.11 on Thursday. Lincoln National Co. has a 1-year low of $25.60 and a 1-year high of $39.85. The stock has a market cap of $6.66 billion, a P/E ratio of 2.13, a PEG ratio of 0.30 and a beta of 1.79. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a 50-day moving average of $33.67 and a two-hundred day moving average of $32.83.

Lincoln National (NYSE:LNC) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.04. Lincoln National had a return on equity of 18.47% and a net margin of 17.76%. On average, research analysts expect that Lincoln National Co. will post 7.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LNC has been the subject of a number of research analyst reports. TD Cowen increased their target price 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. Evercore ISI increased their price objective on shares of Lincoln National from $41.00 to $44.00 and gave the stock an “in-line” rating in a research report on Wednesday. Barclays lifted their target price on shares of Lincoln National from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Morgan Stanley increased their price target on Lincoln National from $36.00 to $39.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Finally, StockNews.com upgraded Lincoln National from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $37.10.

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.