Quantbot Technologies LP Has $9.44 Million Holdings in Lincoln National Co. (NYSE:LNC)

Quantbot Technologies LP increased its holdings in shares of Lincoln National Co. (NYSE:LNC) by 50.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 299,626 shares of the financial services provider’s stock after purchasing an additional 101,069 shares during the quarter. Quantbot Technologies LP owned approximately 0.18% of Lincoln National worth $9,441,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Bank of Montreal Can grew its holdings in shares of Lincoln National by 119.6% in the 3rd quarter. Bank of Montreal Can now owns 325,808 shares of the financial services provider’s stock valued at $10,237,000 after acquiring an additional 177,430 shares in the last quarter. Daiwa Securities Group Inc. acquired a new position in Lincoln National during the third quarter valued at approximately $274,000. Larson Financial Group LLC grew its stake in Lincoln National by 95.3% in the third quarter. Larson Financial Group LLC now owns 1,086 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 530 shares in the last quarter. Cerity Partners LLC increased its position in shares of Lincoln National by 27.4% during the 3rd quarter. Cerity Partners LLC now owns 59,029 shares of the financial services provider’s stock worth $1,860,000 after purchasing an additional 12,704 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Lincoln National by 4.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,763,703 shares of the financial services provider’s stock worth $150,104,000 after purchasing an additional 193,025 shares in the last quarter. Institutional investors own 72.81% of the company’s stock.

Insider Buying and Selling

In other Lincoln National news, EVP John Christopher Kennedy sold 2,863 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $36.00, for a total transaction of $103,068.00. Following the sale, the executive vice president now directly owns 99,644 shares in the company, valued at $3,587,184. This represents a 2.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.54% of the stock is currently owned by company insiders.

Lincoln National Stock Performance

Shares of NYSE LNC opened at $35.71 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a market cap of $6.08 billion, a price-to-earnings ratio of 25.50, a P/E/G ratio of 0.32 and a beta of 1.79. The stock’s fifty day moving average price is $33.04 and its two-hundred day moving average price is $31.91. Lincoln National Co. has a one year low of $23.40 and a one year high of $36.98.

Lincoln National (NYSE:LNC) last released its quarterly earnings results on Thursday, October 31st. The financial services provider reported $2.06 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.42. The business had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.61 billion. Lincoln National had a net margin of 2.51% and a return on equity of 18.15%. Lincoln National’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period last year, the firm earned $0.23 earnings per share. On average, equities analysts forecast that Lincoln National Co. will post 6.53 EPS for the current year.

Lincoln National Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date of this dividend is Friday, January 10th. Lincoln National’s dividend payout ratio is currently 128.57%.

Analyst Upgrades and Downgrades

LNC has been the subject of several analyst reports. Wells Fargo & Company raised their target price on shares of Lincoln National from $28.00 to $29.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. StockNews.com upgraded shares of Lincoln National from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Piper Sandler reduced their price target on Lincoln National from $37.00 to $34.00 and set a “neutral” rating for the company in a report on Wednesday, October 2nd. TD Cowen started coverage on Lincoln National in a research note on Wednesday, October 9th. They issued a “hold” rating and a $34.00 price objective on the stock. Finally, Morgan Stanley reduced their target price on Lincoln National from $30.00 to $29.00 and set an “equal weight” rating for the company in a research note on Monday, August 19th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $33.00.

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.