Mitsubishi UFJ Kokusai Asset Management Co. Ltd. decreased its holdings in shares of Lincoln National Co. (NYSE:LNC – Free Report) by 82.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,516 shares of the financial services provider’s stock after selling 75,467 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Lincoln National were worth $408,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in LNC. Capital Advisors Ltd. LLC lifted its position in shares of Lincoln National by 1,197.5% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 1,025 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 946 shares during the period. Achmea Investment Management B.V. acquired a new stake in shares of Lincoln National during the 1st quarter worth approximately $30,000. EverSource Wealth Advisors LLC grew its holdings in shares of Lincoln National by 43.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,215 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 370 shares in the last quarter. Lindbrook Capital LLC grew its holdings in shares of Lincoln National by 111.8% during the 2nd quarter. Lindbrook Capital LLC now owns 1,315 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 694 shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. acquired a new stake in shares of Lincoln National during the 4th quarter worth approximately $45,000. Institutional investors own 71.89% of the company’s stock.
Lincoln National Trading Up 0.8 %
LNC stock opened at $26.82 on Wednesday. The company has a market cap of $4.55 billion, a P/E ratio of 11.32 and a beta of 1.81. Lincoln National Co. has a twelve month low of $18.50 and a twelve month high of $36.21. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 2.67. The business has a fifty day moving average of $26.79 and a 200-day moving average of $25.44.
Lincoln National Dividend Announcement
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on LNC. JPMorgan Chase & Co. lowered Lincoln National from a “neutral” rating to an “underweight” rating and set a $26.00 price objective on the stock. in a report on Wednesday, January 3rd. UBS Group raised their target price on Lincoln National from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 10th. Morgan Stanley cut their target price on Lincoln National from $32.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, November 2nd. StockNews.com upgraded Lincoln National from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, Piper Sandler cut their target price on Lincoln National from $27.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, November 3rd. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Lincoln National currently has a consensus rating of “Hold” and a consensus price target of $26.20.
Lincoln National Company Profile
Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The company's Life Insurance segment provides life insurance products, including term insurance, such as single and survivorship versions of universal life insurance; variable universal life insurance; indexed universal life insurance products; and critical illness and long-term care riders.
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