Tidal Investments LLC Has $527,000 Position in Lincoln National Co. (NYSE:LNC)

Tidal Investments LLC trimmed its holdings in Lincoln National Co. (NYSE:LNC) by 13.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,731 shares of the financial services provider’s stock after selling 2,619 shares during the quarter. Tidal Investments LLC’s holdings in Lincoln National were worth $527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in LNC. Ellis Investment Partners LLC acquired a new stake in shares of Lincoln National during the 2nd quarter worth approximately $1,095,000. The Manufacturers Life Insurance Company grew its holdings in 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 purchasing an additional 1,121 shares during the period. Mackenzie Financial Corp bought a new stake in Lincoln National in the second quarter valued at $1,548,000. Quantbot Technologies LP raised its holdings in shares of Lincoln National by 46.4% during the second quarter. Quantbot Technologies LP now owns 198,557 shares of the financial services provider’s stock valued at $6,175,000 after purchasing an additional 62,929 shares during the period. Finally, Public Sector Pension Investment Board grew its stake in shares of Lincoln National by 7.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 374,076 shares of the financial services provider’s stock valued at $11,634,000 after buying an additional 26,322 shares during the period. Institutional investors own 72.81% of the company’s stock.

Insider Buying and Selling

In related news, EVP John Christopher Kennedy sold 2,863 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $36.00, for a total transaction of $103,068.00. Following the sale, the executive vice president now owns 99,644 shares of the company’s stock, valued at approximately $3,587,184. This represents a 2.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.54% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Wells Fargo & Company boosted their price objective on Lincoln National from $28.00 to $29.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Piper Sandler lowered their price objective on shares of Lincoln National from $37.00 to $34.00 and set a “neutral” rating on the stock in a report on Wednesday, October 2nd. TD Cowen lifted their price objective on shares of Lincoln National from $34.00 to $37.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. Barclays upped their target price on shares of Lincoln National from $35.00 to $36.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Finally, StockNews.com upgraded Lincoln National from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Lincoln National has a consensus rating of “Hold” and an average price target of $33.25.

Lincoln National Price Performance

Lincoln National stock opened at $31.00 on Monday. 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 business’s 50 day simple moving average is $33.92 and its 200 day simple moving average is $32.21. Lincoln National Co. has a 12 month low of $25.09 and a 12 month high of $36.98. The company has a market cap of $5.28 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 0.29 and a beta of 1.77.

Lincoln National (NYSE:LNC) last announced its quarterly earnings data on Thursday, October 31st. The financial services provider reported $2.06 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.42. The company had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.61 billion. Lincoln National had a return on equity of 18.15% and a net margin of 2.51%. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.23 EPS. Sell-side analysts forecast that Lincoln National Co. will post 6.62 EPS for the current year.

Lincoln National Announces Dividend

The firm 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 dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.81%. The ex-dividend date is Friday, January 10th. Lincoln National’s payout ratio is currently 128.57%.

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.