Entropy Technologies LP Cuts Stake in Lincoln National Co. (NYSE:LNC)

Entropy Technologies LP reduced its stake in shares of Lincoln National Co. (NYSE:LNC) by 68.4% during the 4th quarter, HoldingsChannel reports. The fund owned 8,121 shares of the financial services provider’s stock after selling 17,603 shares during the period. Entropy Technologies LP’s holdings in Lincoln National were worth $258,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of LNC. CWM LLC lifted its holdings in shares of Lincoln National by 4.1% during the 3rd quarter. CWM LLC now owns 14,879 shares of the financial services provider’s stock worth $469,000 after acquiring an additional 590 shares during the period. Creative Planning lifted its holdings in shares of Lincoln National by 7.1% during the 3rd quarter. Creative Planning now owns 21,922 shares of the financial services provider’s stock worth $691,000 after acquiring an additional 1,451 shares during the period. BOS Asset Management LLC increased its position in Lincoln National by 10.1% during the 3rd quarter. BOS Asset Management LLC now owns 10,561 shares of the financial services provider’s stock worth $333,000 after purchasing an additional 973 shares in the last quarter. Blue Trust Inc. increased its position in Lincoln National by 535.5% during the 3rd quarter. Blue Trust Inc. now owns 1,074 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 905 shares in the last quarter. Finally, Raymond James & Associates increased its position in Lincoln National by 2.6% during the 3rd quarter. Raymond James & Associates now owns 159,899 shares of the financial services provider’s stock worth $5,038,000 after purchasing an additional 4,005 shares in the last quarter. 72.81% of the stock is currently owned by hedge funds and other institutional investors.

Lincoln National Trading Up 0.7 %

LNC opened at $39.19 on Friday. The firm has a market capitalization of $6.68 billion, a P/E ratio of 2.13, a P/E/G ratio of 0.28 and a beta of 1.79. The firm’s 50 day moving average is $33.23 and its 200-day moving average is $32.66. Lincoln National Co. has a 52-week low of $25.60 and a 52-week high of $39.34. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.80.

Lincoln National (NYSE:LNC) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.04. Lincoln National had a net margin of 17.76% and a return on equity of 18.47%. Analysts expect that Lincoln National Co. will post 7.63 EPS for the current fiscal year.

Analyst Ratings Changes

LNC has been the subject of a number of research analyst reports. StockNews.com raised shares of Lincoln National from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Keefe, Bruyette & Woods increased their target price on shares of Lincoln National from $37.00 to $40.00 and gave the stock a “market perform” rating in a research report on Wednesday. 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. Barclays increased their target price on shares of Lincoln National from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Finally, Wells Fargo & Company dropped their target price on shares of Lincoln National from $29.00 to $28.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $34.40.

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.