Laird Norton Wetherby Wealth Management LLC Sells 963 Shares of Lincoln National Co. (NYSE:LNC)

Laird Norton Wetherby Wealth Management LLC lowered its stake in Lincoln National Co. (NYSE:LNC) by 12.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,888 shares of the financial services provider’s stock after selling 963 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in Lincoln National were worth $218,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. M Holdings Securities Inc. bought a new position in Lincoln National in the fourth quarter valued at approximately $29,000. Kapitalo Investimentos Ltda bought a new position in Lincoln National in the fourth quarter valued at approximately $32,000. Headlands Technologies LLC acquired a new stake in shares of Lincoln National in the fourth quarter valued at approximately $35,000. SBI Securities Co. Ltd. acquired a new stake in shares of Lincoln National in the fourth quarter valued at approximately $36,000. Finally, Aster Capital Management DIFC Ltd raised its holdings in shares of Lincoln National by 182.2% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,250 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 807 shares during the last quarter. Institutional investors own 72.81% of the company’s stock.

Analysts Set New Price Targets

LNC has been the topic of a number of recent research reports. Evercore ISI lifted their price objective on shares of Lincoln National from $41.00 to $44.00 and gave the company an “in-line” rating in a report on Wednesday, February 19th. Barclays lifted their price objective on shares of Lincoln National from $38.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday, May 9th. Piper Sandler lowered their price objective on shares of Lincoln National from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, May 9th. Wells Fargo & Company lowered their price objective on shares of Lincoln National from $36.00 to $31.00 and set an “equal weight” rating on the stock in a report on Thursday, April 10th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Lincoln National from $40.00 to $38.00 and set a “market perform” rating on the stock in a report on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $36.27.

Lincoln National Price Performance

Shares of LNC opened at $34.43 on Friday. The company has a market cap of $5.88 billion, a price-to-earnings ratio of 1.87, a PEG ratio of 0.30 and a beta of 1.42. Lincoln National Co. has a 1-year low of $27.58 and a 1-year high of $39.85. The company’s fifty day simple moving average is $33.32 and its 200 day simple moving average is $34.09. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.80.

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

Lincoln National Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were issued a $0.45 dividend. The ex-dividend date was Thursday, April 10th. This represents a $1.80 annualized dividend and a dividend yield of 5.23%. Lincoln National’s dividend payout ratio is currently 25.57%.

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.