Voya Investment Management LLC Has $3.83 Million Position in Lincoln National Corporation $LNC

Voya Investment Management LLC lessened its stake in Lincoln National Corporation (NYSE:LNC) by 26.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 95,047 shares of the financial services provider’s stock after selling 33,366 shares during the quarter. Voya Investment Management LLC owned 0.05% of Lincoln National worth $3,833,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LNC. Advisors Asset Management Inc. purchased a new position in shares of Lincoln National during the 2nd quarter valued at $28,000. Ameritas Advisory Services LLC acquired a new stake in Lincoln National during the second quarter valued at $29,000. Friedenthal Financial purchased a new position in Lincoln National in the second quarter valued at about $42,000. Hantz Financial Services Inc. grew its stake in Lincoln National by 3,927.0% in the second quarter. Hantz Financial Services Inc. now owns 1,490 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 1,453 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in Lincoln National by 57.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,526 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 555 shares during the last quarter. Hedge funds and other institutional investors own 72.81% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LNC. Jefferies Financial Group lifted their price target on Lincoln National from $52.00 to $59.00 and gave the company a “buy” rating in a report on Monday, December 15th. Keefe, Bruyette & Woods lifted their target price on shares of Lincoln National from $43.00 to $44.00 and gave the company a “market perform” rating in a research note on Monday, November 3rd. Evercore ISI increased their price target on shares of Lincoln National from $45.00 to $46.00 and gave the stock an “in-line” rating in a research note on Thursday, October 9th. Zacks Research downgraded shares of Lincoln National from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 4th. Finally, Piper Sandler upped their price objective on shares of Lincoln National from $42.00 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $47.17.

Insider Transactions at Lincoln National

In other Lincoln National news, Director Owen Ryan acquired 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was acquired at an average price of $42.17 per share, with a total value of $84,340.00. Following the transaction, the director owned 12,000 shares of the company’s stock, valued at approximately $506,040. This trade represents a 20.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John Christopher Kennedy sold 3,519 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $44.15, for a total value of $155,363.85. Following the completion of the sale, the executive vice president directly owned 118,985 shares in the company, valued at $5,253,187.75. This trade represents a 2.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.51% of the company’s stock.

Lincoln National Trading Down 0.6%

NYSE:LNC opened at $45.73 on Friday. The company’s 50 day moving average is $42.06 and its 200-day moving average is $39.38. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.61. Lincoln National Corporation has a 12 month low of $27.58 and a 12 month high of $46.71. The firm has a market cap of $8.69 billion, a price-to-earnings ratio of 4.11, a P/E/G ratio of 0.46 and a beta of 1.33.

Lincoln National (NYSE:LNC) last posted its earnings results on Thursday, October 30th. The financial services provider reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.20. The business had revenue of $4.56 billion for the quarter, compared to analyst estimates of $4.80 billion. Lincoln National had a net margin of 11.49% and a return on equity of 18.77%. During the same period last year, the business posted $2.06 EPS. Equities analysts anticipate that Lincoln National Corporation will post 7.69 EPS for the current year.

Lincoln National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Monday, January 12th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, January 12th. Lincoln National’s dividend payout ratio (DPR) is currently 16.16%.

Lincoln National Company Profile

Lincoln National Corporation, doing business as Lincoln Financial Group, is a diversified financial services holding company focused on providing retirement, insurance, and wealth management solutions in the United States and select international markets. Headquartered in Radnor, Pennsylvania, the company operates through several business segments, including Retirement Plan Services, Life Insurance, and Group Protection. Its offerings are designed to help individuals, families, and institutions plan and prepare for their financial futures.

The Retirement Plan Services segment delivers recordkeeping, administrative services, and investment management for defined contribution and defined benefit plans.