Caisse Des Depots ET Consignations Trims Stock Position in Lincoln National Corporation $LNC

Caisse Des Depots ET Consignations trimmed its stake in Lincoln National Corporation (NYSE:LNC) by 40.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,321 shares of the financial services provider’s stock after selling 24,303 shares during the period. Caisse Des Depots ET Consignations’ holdings in Lincoln National were worth $1,465,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. purchased a new position in shares of Lincoln National during the second quarter worth about $28,000. Ameritas Advisory Services LLC acquired a new stake in shares of Lincoln National in the 2nd quarter valued at about $29,000. Salomon & Ludwin LLC purchased a new position in Lincoln National during the 3rd quarter worth approximately $32,000. Mather Group LLC. acquired a new position in Lincoln National during the third quarter worth approximately $39,000. Finally, CoreCap Advisors LLC lifted its stake in Lincoln National by 372.1% in the third quarter. CoreCap Advisors LLC now owns 1,100 shares of the financial services provider’s stock valued at $44,000 after buying an additional 867 shares during the last quarter. 72.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LNC has been the topic of a number of recent research reports. Wells Fargo & Company lifted their target price on shares of Lincoln National from $39.00 to $41.00 and gave the company an “equal weight” rating in a report on Tuesday, January 13th. Morgan Stanley restated an “overweight” rating on shares of Lincoln National in a research note on Monday, December 15th. Keefe, Bruyette & Woods increased their target price on shares of Lincoln National from $43.00 to $44.00 and gave the stock a “market perform” rating in a research note on Monday, November 3rd. Mizuho started coverage on Lincoln National in a research report on Tuesday, December 16th. They issued an “outperform” rating and a $52.00 price target on the stock. Finally, TD Cowen reaffirmed a “hold” rating on shares of Lincoln National in a research note on Wednesday, January 28th. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $46.25.

Insider Buying and Selling

In related news, EVP John Christopher Kennedy sold 3,519 shares of the business’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $44.15, for a total transaction of $155,363.85. Following the sale, the executive vice president owned 118,985 shares of the company’s stock, valued at approximately $5,253,187.75. The trade was a 2.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.51% of the company’s stock.

Lincoln National Stock Down 2.3%

Lincoln National stock opened at $38.43 on Thursday. The stock’s 50 day moving average price is $43.05 and its 200 day moving average price is $41.28. Lincoln National Corporation has a 1-year low of $27.58 and a 1-year high of $46.82. The company has a market cap of $7.30 billion, a PE ratio of 3.45, a price-to-earnings-growth ratio of 0.42 and a beta of 1.30. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.28 and a quick ratio of 0.28.

Lincoln National 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.