Todd Asset Management LLC lowered its stake in shares of Lincoln National Co. (NYSE:LNC) by 0.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 457,736 shares of the financial services provider’s stock after selling 2,640 shares during the quarter. Todd Asset Management LLC’s holdings in Lincoln National were worth $30,971,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in LNC. JPMorgan Chase & Co. increased its position in shares of Lincoln National by 59.7% during the third quarter. JPMorgan Chase & Co. now owns 11,919,511 shares of the financial services provider’s stock valued at $806,475,000 after buying an additional 4,457,743 shares during the period. Levin Capital Strategies L.P. boosted its stake in Lincoln National by 22,593.4% during the third quarter. Levin Capital Strategies L.P. now owns 907,735 shares of the financial services provider’s stock worth $61,417,000 after acquiring an additional 903,735 shares in the last quarter. Millennium Management LLC boosted its stake in Lincoln National by 89.9% during the second quarter. Millennium Management LLC now owns 1,646,582 shares of the financial services provider’s stock worth $102,500,000 after acquiring an additional 779,470 shares in the last quarter. BlackRock Inc. boosted its stake in Lincoln National by 3.2% during the second quarter. BlackRock Inc. now owns 19,580,560 shares of the financial services provider’s stock worth $1,218,887,000 after acquiring an additional 610,043 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Lincoln National by 1,669.8% during the second quarter. Renaissance Technologies LLC now owns 641,974 shares of the financial services provider’s stock worth $39,963,000 after acquiring an additional 605,700 shares in the last quarter. Institutional investors own 82.85% of the company’s stock.

LNC has been the topic of several research reports. Zacks Investment Research raised shares of Lincoln National from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a research note on Tuesday, July 24th. Royal Bank of Canada reissued a “buy” rating and set a $82.00 price objective on shares of Lincoln National in a research note on Friday, August 3rd. Bank of America dropped their price objective on shares of Lincoln National from $79.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, November 2nd. Deutsche Bank dropped their price objective on shares of Lincoln National from $74.00 to $73.00 and set a “buy” rating on the stock in a research note on Monday, November 5th. Finally, Morgan Stanley dropped their price objective on shares of Lincoln National from $76.00 to $74.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $76.85.

Shares of NYSE LNC traded up $0.32 during midday trading on Monday, hitting $63.34. The stock had a trading volume of 14,246 shares, compared to its average volume of 2,066,309. The company has a market cap of $13.46 billion, a PE ratio of 8.12 and a beta of 1.90. Lincoln National Co. has a 52 week low of $57.06 and a 52 week high of $86.68. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.19 and a current ratio of 0.19.

Lincoln National (NYSE:LNC) last issued its earnings results on Thursday, November 1st. The financial services provider reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.17. The firm had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.25 billion. Lincoln National had a net margin of 13.14% and a return on equity of 11.61%. The business’s revenue was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.87 earnings per share. On average, analysts forecast that Lincoln National Co. will post 8.56 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 1st. Investors of record on Thursday, January 10th will be given a dividend of $0.37 per share. This is an increase from Lincoln National’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Wednesday, January 9th. This represents a $1.48 dividend on an annualized basis and a yield of 2.34%. Lincoln National’s dividend payout ratio is 16.94%.

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About Lincoln National

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The company sells a range of wealth protection, accumulation, and retirement income products and solutions.

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Institutional Ownership by Quarter for Lincoln National (NYSE:LNC)

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