Brown Advisory Inc. Cuts Position in Lincoln National Co. (NYSE:LNC)

Brown Advisory Inc. lessened its position in shares of Lincoln National Co. (NYSE:LNC) by 6.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,764 shares of the financial services provider’s stock after selling 1,000 shares during the quarter. Brown Advisory Inc.’s holdings in Lincoln National were worth $371,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of LNC. Financial Gravity Asset Management Inc. lifted its stake in shares of Lincoln National by 3,930.8% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 1,048 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,022 shares during the last quarter. CVA Family Office LLC bought a new stake in shares of Lincoln National in the 4th quarter valued at approximately $37,000. Highlander Capital Management LLC lifted its stake in shares of Lincoln National by 200.0% in the 4th quarter. Highlander Capital Management LLC now owns 1,500 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 1,000 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Lincoln National by 115.2% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,752 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 938 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Lincoln National by 47.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 571 shares during the last quarter. 72.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

LNC has been the subject of several analyst reports. Piper Sandler lowered their price objective on Lincoln National from $32.00 to $30.00 and set a “neutral” rating for the company in a research note on Monday, May 6th. Evercore ISI raised their price target on Lincoln National from $33.00 to $35.00 and gave the stock an “in-line” rating in a research note on Thursday, April 11th. JPMorgan Chase & Co. raised their price target on Lincoln National from $26.00 to $29.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 2nd. Jefferies Financial Group raised Lincoln National from a “hold” rating to a “buy” rating and raised their price target for the stock from $26.00 to $34.00 in a research note on Wednesday, May 22nd. Finally, TheStreet lowered Lincoln National from a “c” rating to a “d+” rating in a research report on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Lincoln National currently has an average rating of “Hold” and an average target price of $29.90.

Lincoln National Trading Up 3.2 %

Shares of NYSE:LNC opened at $32.66 on Monday. Lincoln National Co. has a 12-month low of $20.47 and a 12-month high of $32.90. The business’s fifty day simple moving average is $29.40 and its 200-day simple moving average is $27.42. The company has a market capitalization of $5.55 billion, a PE ratio of 4.47, a P/E/G ratio of 0.26 and a beta of 1.80. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.87.

Lincoln National (NYSE:LNC) last announced its earnings results on Thursday, May 2nd. The financial services provider reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.27. Lincoln National had a return on equity of 19.50% and a net margin of 11.31%. The firm had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.64 billion. As a group, equities research analysts predict that Lincoln National Co. will post 6 earnings per share for the current fiscal year.

Lincoln National Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th will be given a dividend of $0.45 per share. The ex-dividend date is Wednesday, July 10th. This represents a $1.80 dividend on an annualized basis and a yield of 5.51%. Lincoln National’s dividend payout ratio is currently 24.62%.

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.