Lincoln National Co. (NYSE:LNC) Shares Sold by Kestra Investment Management LLC

Kestra Investment Management LLC lowered its position in shares of Lincoln National Co. (NYSE:LNC) by 4.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,743 shares of the financial services provider’s stock after selling 501 shares during the quarter. Kestra Investment Management LLC’s holdings in Lincoln National were worth $372,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Blue Trust Inc. raised its holdings in shares of Lincoln National by 535.5% during the third 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 during the period. Larson Financial Group LLC grew its position in shares of Lincoln National by 95.3% during the 3rd 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 during the last quarter. Eastern Bank acquired a new stake in Lincoln National during the third quarter worth about $40,000. Meeder Asset Management Inc. bought a new position in Lincoln National in the third quarter worth about $48,000. Finally, Crews Bank & Trust acquired a new position in Lincoln National in the fourth quarter valued at approximately $51,000. Institutional investors own 72.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LNC. Barclays raised their price target on Lincoln National from $36.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Wells Fargo & Company raised their target price on Lincoln National from $28.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday. Morgan Stanley upped their price target on shares of Lincoln National from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Evercore ISI lifted their price objective on shares of Lincoln National from $41.00 to $44.00 and gave the company an “in-line” rating in a research report on Wednesday. Finally, StockNews.com upgraded shares of Lincoln National from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Lincoln National currently has a consensus rating of “Hold” and a consensus price target of $37.10.

Lincoln National Trading Up 0.4 %

Shares of NYSE:LNC opened at $39.11 on Thursday. The company has a 50 day moving average of $33.67 and a 200-day moving average of $32.83. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.80. The firm has a market cap of $6.66 billion, a P/E ratio of 2.13, a P/E/G ratio of 0.30 and a beta of 1.79. Lincoln National Co. has a twelve month low of $25.60 and a twelve month high of $39.85.

Lincoln National (NYSE:LNC) last released its earnings results on Thursday, February 6th. The financial services provider reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.04. Lincoln National had a return on equity of 18.47% and a net margin of 17.76%. As a group, analysts anticipate that Lincoln National Co. will post 7.71 earnings per share for the current fiscal year.

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.