Captrust Financial Advisors Has $1.28 Million Stock Holdings in Lincoln National Co. (NYSE:LNC)

Captrust Financial Advisors lowered its stake in shares of Lincoln National Co. (NYSE:LNC) by 7.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,215 shares of the financial services provider’s stock after selling 3,108 shares during the period. Captrust Financial Advisors’ holdings in Lincoln National were worth $1,275,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Norges Bank acquired a new stake in Lincoln National during the fourth quarter valued at $76,951,000. Hennessy Advisors Inc. acquired a new stake in shares of Lincoln National during the 4th quarter valued at about $54,189,000. Balyasny Asset Management L.P. lifted its holdings in shares of Lincoln National by 301.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,522,195 shares of the financial services provider’s stock valued at $48,269,000 after buying an additional 1,142,759 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Lincoln National by 84.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,543,624 shares of the financial services provider’s stock worth $48,948,000 after buying an additional 708,584 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in Lincoln National by 190.9% in the fourth quarter. LPL Financial LLC now owns 741,330 shares of the financial services provider’s stock worth $23,508,000 after buying an additional 486,478 shares during the last quarter. Institutional investors and hedge funds own 72.81% of the company’s stock.

Lincoln National Stock Performance

NYSE LNC opened at $34.58 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a market capitalization of $5.90 billion, a price-to-earnings ratio of 1.88, a P/E/G ratio of 0.30 and a beta of 1.42. The company’s fifty day moving average is $33.33 and its two-hundred day moving average is $34.06. Lincoln National Co. has a 52-week low of $27.58 and a 52-week high of $39.85.

Lincoln National (NYSE:LNC) last released its earnings results on Thursday, May 8th. The financial services provider reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.06. The business had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.71 billion. Lincoln National had a return on equity of 18.47% and a net margin of 17.76%. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period last year, the business earned $0.41 earnings per share. Equities research analysts forecast that Lincoln National Co. will post 7.69 EPS for the current year.

Lincoln National Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 5.21%. The ex-dividend date was Thursday, April 10th. Lincoln National’s payout ratio is presently 25.57%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Keefe, Bruyette & Woods dropped their price target on shares of Lincoln National from $40.00 to $38.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 9th. Wells Fargo & Company reduced their price target on Lincoln National from $36.00 to $31.00 and set an “equal weight” rating for the company in a research report on Thursday, April 10th. UBS Group increased their price objective on Lincoln National from $32.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, April 2nd. Evercore ISI boosted their target price on Lincoln National from $41.00 to $44.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. Finally, Piper Sandler lowered their price target on Lincoln National from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, May 9th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $36.27.

About Lincoln National

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.