Ted Buchan & Co Sells 533 Shares of Lincoln National Co. (NYSE:LNC)

Ted Buchan & Co cut its holdings in Lincoln National Co. (NYSE:LNC) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,925 shares of the financial services provider’s stock after selling 533 shares during the quarter. Ted Buchan & Co’s holdings in Lincoln National were worth $1,171,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in LNC. State Street Corp boosted its position in shares of Lincoln National by 1.3% during the third quarter. State Street Corp now owns 6,227,993 shares of the financial services provider’s stock worth $196,244,000 after purchasing an additional 79,955 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Lincoln National by 4.7% in the third quarter. Geode Capital Management LLC now owns 3,373,487 shares of the financial services provider’s stock worth $106,322,000 after acquiring an additional 152,622 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Lincoln National by 7.2% during the 3rd quarter. Principal Financial Group Inc. now owns 3,309,453 shares of the financial services provider’s stock valued at $104,281,000 after purchasing an additional 223,129 shares in the last quarter. Norges Bank bought a new stake in Lincoln National during the 4th quarter worth about $76,951,000. Finally, Two Sigma Advisers LP raised its holdings in Lincoln National by 9.7% during the third quarter. Two Sigma Advisers LP now owns 2,355,000 shares of the financial services provider’s stock worth $74,206,000 after acquiring an additional 207,800 shares in the last quarter. Institutional investors and hedge funds own 72.81% of the company’s stock.

Lincoln National Stock Down 10.3 %

Shares of NYSE LNC opened at $29.90 on Friday. Lincoln National Co. has a 52-week low of $25.80 and a 52-week high of $39.85. The company’s 50 day moving average price is $36.42 and its 200-day moving average price is $34.12. The company has a market capitalization of $5.10 billion, a P/E ratio of 1.63, a price-to-earnings-growth ratio of 0.30 and a beta of 1.55. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.27 and a current ratio of 0.27.

Lincoln National (NYSE:LNC) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.91 EPS for the quarter, beating the consensus estimate of $1.87 by $0.04. Lincoln National had a return on equity of 18.47% and a net margin of 17.76%. Equities analysts forecast that Lincoln National Co. will post 7.69 earnings per share for the current year.

Lincoln National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.80 dividend on an annualized basis and a yield of 6.02%. Lincoln National’s dividend payout ratio (DPR) is currently 9.79%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on LNC shares. Wells Fargo & Company boosted their target price on shares of Lincoln National from $28.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. UBS Group boosted their target price on Lincoln National from $32.00 to $38.00 and gave the stock a “neutral” rating in a report on Wednesday. Evercore ISI lifted their target price on Lincoln National from $41.00 to $44.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. Barclays upped their price target on shares of Lincoln National from $36.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. Finally, Morgan Stanley boosted their price objective on shares of Lincoln National from $39.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $37.45.

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.