Mon Dec 29 13:30:00 UTC 2025: Okay, here’s a summary and rewrite of the provided text as a news article:

Summary:

The article details institutional investor activity in Lincoln National Corporation (LNC). Voya Investment Management LLC reduced its stake in LNC by 26% in the third quarter. However, several other firms, including Advisors Asset Management, Ameritas Advisory Services, Friedenthal Financial, Hantz Financial Services, and EverSource Wealth Advisors, increased or initiated positions. Overall, institutional investors hold a significant portion (72.81%) of LNC’s stock. Analyst ratings are mixed, with a consensus “Hold” and a target price around $47.17. Recent insider activity includes a stock purchase by Director Owen Ryan and a stock sale by EVP John Christopher Kennedy. LNC reported better-than-expected earnings in its last quarter and recently declared a dividend.

News Article:

Institutional Investors Adjust Positions in Lincoln National (LNC); Analyst Outlook Mixed

Radnor, PA – Lincoln National Corporation (NYSE:LNC), a diversified financial services provider, has seen significant activity in its stock ownership among institutional investors, according to recent filings with the Securities and Exchange Commission (SEC).

Voya Investment Management LLC lessened their position in Lincoln National by 26.0% in the 3rd quarter, selling 33,366 shares. The firm now holds 95,047 shares valued at $3.83 million, representing approximately 0.05% of Lincoln National’s outstanding shares.

However, other institutional investors are bullish, adding new positions or increasing their holdings. Advisors Asset Management, Ameritas Advisory Services LLC, and Friedenthal Financial all initiated new positions in the second quarter, with investments ranging from $28,000 to $42,000. Hantz Financial Services Inc. significantly increased its stake, growing its holdings by 3,927% to 1,490 shares valued at $52,000. EverSource Wealth Advisors LLC boosted its position by 57.2%, bringing its total holdings to 1,526 shares worth $53,000. Overall, institutional investors account for 72.81% of the company’s stock.

Analysts are providing mixed signals for LNC’s future performance. Jefferies Financial Group recently raised its price target on LNC to $59.00, issuing a “Buy” rating, while other firms like Keefe, Bruyette & Woods and Evercore ISI provided more conservative price target increases with a “Market Perform” or “In-Line” rating. Zacks Research downgraded the stock from “Strong-Buy” to “Hold.” The current consensus rating among analysts is “Hold,” with a consensus target price of $47.17, according to MarketBeat.com.

In other news, Director Owen Ryan purchased 2,000 shares of LNC at an average price of $42.17, increasing his ownership by 20%. Conversely, EVP John Christopher Kennedy sold 3,519 shares at an average price of $44.15, reducing his direct holdings by approximately 2.87%.

Lincoln National reported strong earnings for its most recent quarter, exceeding analyst estimates with an EPS of $2.04. The company also recently declared a quarterly dividend of $0.45 per share, payable on February 2nd to shareholders of record as of January 12th, representing a 3.9% annualized yield.

Lincoln National Corporation, trading as Lincoln Financial Group, is a diversified financial services holding company. The company is headquartered in Radnor, Pennsylvania.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should conduct their own research before making any investment decisions.

Read More