Concurrent Investment Advisors LLC Cuts Stake in Lincoln National Co. (NYSE:LNC)

Concurrent Investment Advisors LLC decreased its holdings in Lincoln National Co. (NYSE:LNC) by 6.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,197 shares of the financial services provider’s stock after selling 858 shares during the period. Concurrent Investment Advisors LLC’s holdings in Lincoln National were worth $418,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Handelsbanken Fonder AB boosted its stake in shares of Lincoln National by 30.2% in the 4th quarter. Handelsbanken Fonder AB now owns 34,900 shares of the financial services provider’s stock valued at $1,107,000 after purchasing an additional 8,100 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of Lincoln National by 3.5% in the 4th quarter. Private Advisor Group LLC now owns 45,398 shares of the financial services provider’s stock valued at $1,440,000 after purchasing an additional 1,521 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Lincoln National in the 4th quarter valued at $295,000. Valeo Financial Advisors LLC boosted its stake in shares of Lincoln National by 26.5% in the 4th quarter. Valeo Financial Advisors LLC now owns 9,631 shares of the financial services provider’s stock valued at $305,000 after purchasing an additional 2,015 shares in the last quarter. Finally, Roman Butler Fullerton & Co. boosted its stake in shares of Lincoln National by 5.5% in the 4th quarter. Roman Butler Fullerton & Co. now owns 6,610 shares of the financial services provider’s stock valued at $224,000 after purchasing an additional 343 shares in the last quarter. Hedge funds and other institutional investors own 72.81% of the company’s stock.

Lincoln National Stock Down 0.3 %

Shares of NYSE LNC opened at $37.42 on Tuesday. 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 Co. has a 12 month low of $25.60 and a 12 month high of $39.85. The firm has a market capitalization of $6.37 billion, a PE ratio of 2.04, a price-to-earnings-growth ratio of 0.30 and a beta of 1.79. The firm has a fifty day simple moving average of $33.97 and a two-hundred day simple moving average of $33.04.

Lincoln National (NYSE:LNC) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.91 EPS for the quarter, topping the consensus estimate of $1.87 by $0.04. Lincoln National had a net margin of 17.76% and a return on equity of 18.47%. Equities analysts expect that Lincoln National Co. will post 7.69 earnings per share for the current year.

Lincoln National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a $0.45 dividend. The ex-dividend date is Thursday, April 10th. This represents a $1.80 annualized dividend and a dividend yield of 4.81%. Lincoln National’s payout ratio is 9.79%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LNC. Barclays upped their price objective on shares of Lincoln National from $36.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. Wells Fargo & Company upped their price target on shares of Lincoln National from $28.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, February 19th. Evercore ISI upped their price target 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. StockNews.com upgraded shares of Lincoln National from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Lincoln National from $37.00 to $40.00 and gave the company a “market perform” rating in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $37.10.

Lincoln National Company 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.