Lincoln National Co. (NYSE:LNC) Shares Sold by Qsemble Capital Management LP

Qsemble Capital Management LP cut its stake in Lincoln National Co. (NYSE:LNC) by 21.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,423 shares of the financial services provider’s stock after selling 4,353 shares during the period. Qsemble Capital Management LP’s holdings in Lincoln National were worth $517,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of LNC. Whittier Trust Co. lifted its position in Lincoln National by 106.7% during the second quarter. Whittier Trust Co. now owns 835 shares of the financial services provider’s stock valued at $26,000 after buying an additional 431 shares in the last quarter. Adirondack Trust Co. acquired a new position in Lincoln National during the second quarter valued at approximately $31,000. Blue Trust Inc. lifted its position in Lincoln National by 535.5% during the third 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 in the last quarter. Larson Financial Group LLC lifted its position in Lincoln National by 95.3% during the third quarter. Larson Financial Group LLC now owns 1,086 shares of the financial services provider’s stock valued at $34,000 after buying an additional 530 shares in the last quarter. Finally, Eastern Bank acquired a new position in Lincoln National during the third quarter valued at approximately $40,000. 72.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LNC has been the topic of a number of recent research reports. Wells Fargo & Company lifted their price target on shares of Lincoln National from $28.00 to $29.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Morgan Stanley reduced their price target on shares of Lincoln National from $30.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Monday, August 19th. Piper Sandler dropped their price objective on shares of Lincoln National from $37.00 to $34.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 2nd. StockNews.com upgraded shares of Lincoln National from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Barclays lifted their price objective on shares of Lincoln National from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. One equities research 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $33.25.

Lincoln National Stock Up 0.3 %

Shares of NYSE:LNC opened at $35.45 on Thursday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.73. The company has a fifty day simple moving average of $33.14 and a 200 day simple moving average of $31.96. The firm has a market cap of $6.04 billion, a PE ratio of 25.32, a price-to-earnings-growth ratio of 0.32 and a beta of 1.79. Lincoln National Co. has a 12-month low of $23.40 and a 12-month high of $36.98.

Lincoln National (NYSE:LNC) last issued its quarterly earnings results on Thursday, October 31st. The financial services provider reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.42. The business had revenue of $4.11 billion during 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%. The business’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 earnings per share. On average, equities research analysts anticipate that Lincoln National Co. will post 6.53 EPS for the current fiscal 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 paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.08%. Lincoln National’s dividend payout ratio (DPR) is presently 128.57%.

Insider Buying and Selling

In other Lincoln National news, EVP John Christopher Kennedy sold 2,863 shares of Lincoln National stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $36.00, for a total value of $103,068.00. Following the completion of the transaction, the executive vice president now owns 99,644 shares of the company’s stock, valued at $3,587,184. The trade was a 2.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.54% of the company’s stock.

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.