Quantbot Technologies LP Has $9.44 Million Stock Holdings in Lincoln National Co. (NYSE:LNC)

Quantbot Technologies LP raised its stake in Lincoln National Co. (NYSE:LNC) by 50.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 299,626 shares of the financial services provider’s stock after buying an additional 101,069 shares during the period. Quantbot Technologies LP’s holdings in Lincoln National were worth $9,441,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of LNC. Massachusetts Financial Services Co. MA bought a new position in Lincoln National in the second quarter valued at about $142,148,000. Principal Financial Group Inc. raised its holdings in Lincoln National by 59.2% in the 2nd quarter. Principal Financial Group Inc. now owns 3,086,324 shares of the financial services provider’s stock valued at $95,985,000 after buying an additional 1,147,896 shares during the last quarter. International Assets Investment Management LLC boosted its position in Lincoln National by 3,488.2% during the 3rd quarter. International Assets Investment Management LLC now owns 966,379 shares of the financial services provider’s stock worth $30,669,000 after buying an additional 939,447 shares during the period. AQR Capital Management LLC grew its holdings in Lincoln National by 49.5% during the 2nd quarter. AQR Capital Management LLC now owns 2,150,863 shares of the financial services provider’s stock worth $66,892,000 after acquiring an additional 711,951 shares during the last quarter. Finally, Algebris UK Ltd increased its position in Lincoln National by 122.5% in the 1st quarter. Algebris UK Ltd now owns 861,259 shares of the financial services provider’s stock valued at $25,582,000 after acquiring an additional 474,171 shares during the period. 72.81% of the stock is currently owned by institutional investors.

Lincoln National Stock Performance

NYSE:LNC opened at $35.71 on Tuesday. The firm has a market capitalization of $6.08 billion, a P/E ratio of 25.50, a P/E/G ratio of 0.32 and a beta of 1.79. Lincoln National Co. has a twelve month low of $23.40 and a twelve month high of $36.98. The company has a fifty day moving average of $33.04 and a 200-day moving average of $31.91. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.73.

Lincoln National (NYSE:LNC) last posted its quarterly earnings results on Thursday, October 31st. The financial services provider reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.42. The firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.61 billion. Lincoln National had a net margin of 2.51% and a return on equity of 18.15%. The business’s revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 earnings per share. As a group, sell-side analysts anticipate that Lincoln National Co. will post 6.53 EPS for the current year.

Lincoln National Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.80 annualized dividend and a yield of 5.04%. Lincoln National’s payout ratio is currently 128.57%.

Insider Buying and Selling at Lincoln National

In other Lincoln National news, EVP John Christopher Kennedy sold 2,863 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $36.00, for a total transaction of $103,068.00. Following the transaction, the executive vice president now owns 99,644 shares in the company, valued at approximately $3,587,184. This represents a 2.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

LNC has been the topic of a number of recent research reports. Wells Fargo & Company lifted their price target on shares of Lincoln National from $28.00 to $29.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Morgan Stanley reduced their price target on Lincoln National from $30.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Monday, August 19th. Piper Sandler lowered their price objective on Lincoln National from $37.00 to $34.00 and set a “neutral” rating for the company in a research report on Wednesday, October 2nd. Barclays upped their target price on Lincoln National from $35.00 to $36.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Finally, TD Cowen assumed coverage on shares of Lincoln National in a report on Wednesday, October 9th. They set a “hold” rating and a $34.00 price target for the company. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $33.00.

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.