PFG Investments LLC Has $233,000 Holdings in Lincoln National Co. (NYSE:LNC)

PFG Investments LLC decreased its position in Lincoln National Co. (NYSE:LNC) by 55.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,346 shares of the financial services provider’s stock after selling 9,046 shares during the period. PFG Investments LLC’s holdings in Lincoln National were worth $233,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of LNC. Blue Trust Inc. boosted its position in shares of 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. Larson Financial Group LLC boosted its holdings in Lincoln National by 95.3% in the third quarter. Larson Financial Group LLC now owns 1,086 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 530 shares in the last quarter. Eastern Bank acquired a new stake in Lincoln National in the third quarter valued at approximately $40,000. Meeder Asset Management Inc. bought a new stake in shares of Lincoln National during the third quarter valued at approximately $48,000. Finally, Venturi Wealth Management LLC raised its position in shares of Lincoln National by 459.9% during the third quarter. Venturi Wealth Management LLC now owns 2,083 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 1,711 shares during the period. Institutional investors own 72.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LNC. TD Cowen boosted 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 dropped their target price on Lincoln National from $38.00 to $36.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Wells Fargo & Company decreased their price target on Lincoln National from $29.00 to $28.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Finally, StockNews.com upgraded shares of Lincoln National from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $33.40.

Lincoln National Trading Down 0.5 %

Shares of Lincoln National stock opened at $35.18 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.27 and a current ratio of 0.27. The stock has a market capitalization of $5.99 billion, a P/E ratio of 25.13, a P/E/G ratio of 0.27 and a beta of 1.78. Lincoln National Co. has a 52-week low of $25.09 and a 52-week high of $36.98. The stock’s 50-day simple moving average is $33.00 and its 200 day simple moving average is $32.40.

Lincoln National (NYSE:LNC) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $2.06 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.42. Lincoln National had a net margin of 2.51% and a return on equity of 18.15%. The company had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.61 billion. During the same period in the prior year, the company posted $0.23 EPS. Lincoln National’s revenue was down 2.2% compared to the same quarter last year. As a group, research analysts anticipate that Lincoln National Co. will post 6.97 EPS for the current year.

Lincoln National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 5.12%. The ex-dividend date is Friday, January 10th. Lincoln National’s dividend payout ratio (DPR) is presently 128.57%.

Insider Activity at Lincoln National

In related news, EVP John Christopher Kennedy sold 2,863 shares of the business’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 completion of the transaction, the executive vice president now owns 99,644 shares of the company’s stock, valued at approximately $3,587,184. The trade was a 2.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.54% of the stock is currently owned by corporate insiders.

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.