Aigen Investment Management LP Has $538,000 Stock Holdings in Lincoln National Co. (NYSE:LNC)

Aigen Investment Management LP decreased its position in shares of Lincoln National Co. (NYSE:LNC) by 51.6% in the third quarter, Holdings Channel.com reports. The firm owned 17,087 shares of the financial services provider’s stock after selling 18,203 shares during the period. Aigen Investment Management LP’s holdings in Lincoln National were worth $538,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Eagle Investment Management LLC grew its position in Lincoln National by 33.0% in the first quarter. First Eagle Investment Management LLC now owns 387,800 shares of the financial services provider’s stock worth $12,382,000 after acquiring an additional 96,200 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Lincoln National by 0.8% in the first quarter. Vanguard Group Inc. now owns 21,854,837 shares of the financial services provider’s stock worth $697,825,000 after purchasing an additional 166,167 shares in the last quarter. Ellis Investment Partners LLC acquired a new position in Lincoln National during the second quarter worth $1,095,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Lincoln National during the first quarter valued at about $505,000. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Lincoln National by 2.9% in the second quarter. The Manufacturers Life Insurance Company now owns 40,271 shares of the financial services provider’s stock worth $1,252,000 after buying an additional 1,121 shares during the last quarter. Hedge funds and other institutional investors own 72.81% of the company’s stock.

Lincoln National Price Performance

NYSE:LNC opened at $35.01 on Thursday. The firm has a market cap of $5.96 billion, a PE ratio of 25.01, a price-to-earnings-growth ratio of 0.32 and a beta of 1.79. The company’s 50-day moving average price is $32.16 and its two-hundred day moving average price is $31.52. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.73. Lincoln National Co. has a 12 month low of $22.49 and a 12 month 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. Lincoln National had a return on equity of 18.15% and a net margin of 2.51%. The business had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.61 billion. During the same period in the prior year, the company earned $0.23 EPS. Lincoln National’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, equities analysts anticipate that Lincoln National Co. will post 6.53 EPS for the current fiscal year.

Lincoln National Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Thursday, October 10th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.80 annualized dividend and a yield of 5.14%. Lincoln National’s dividend payout ratio (DPR) is 128.57%.

Analysts Set New Price Targets

Several research firms recently weighed in on LNC. Wells Fargo & Company boosted their target price on Lincoln National from $28.00 to $29.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Piper Sandler decreased their price objective on shares of Lincoln National from $37.00 to $34.00 and set a “neutral” rating for the company in a report on Wednesday, October 2nd. Barclays raised their target price 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. TD Cowen started coverage on shares of Lincoln National in a research report on Wednesday, October 9th. They set a “hold” rating and a $34.00 target price for the company. Finally, Morgan Stanley lowered their price target on 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. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $33.00.

Insider Buying and Selling at Lincoln National

In other news, EVP John Christopher Kennedy sold 2,863 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $36.00, for a total transaction of $103,068.00. Following the transaction, the executive vice president now directly owns 99,644 shares in the company, valued at approximately $3,587,184. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.54% of the company’s stock.

Lincoln National 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.