LS Investment Advisors LLC increased its position in Lincoln National Corporation (NYSE:LNC) by 4.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,359 shares of the financial services provider’s stock after buying an additional 413 shares during the period. LS Investment Advisors LLC’s holdings in Lincoln National Corporation were worth $700,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in LNC. Trust Co. of Vermont bought a new stake in Lincoln National Corporation during the second quarter worth approximately $101,000. SRS Capital Advisors Inc. increased its stake in Lincoln National Corporation by 15.9% in the first quarter. SRS Capital Advisors Inc. now owns 2,073 shares of the financial services provider’s stock worth $135,000 after buying an additional 285 shares during the period. Americafirst Capital Management LLC bought a new stake in Lincoln National Corporation during the first quarter worth approximately $150,000. Financial Architects Inc increased its stake in Lincoln National Corporation by 109.2% in the first quarter. Financial Architects Inc now owns 2,900 shares of the financial services provider’s stock worth $190,000 after buying an additional 1,514 shares during the period. Finally, Balentine LLC increased its stake in Lincoln National Corporation by 120.4% in the first quarter. Balentine LLC now owns 2,965 shares of the financial services provider’s stock worth $194,000 after buying an additional 1,620 shares during the period. Institutional investors own 80.15% of the company’s stock.
Lincoln National Corporation (LNC) opened at 71.40 on Friday. The stock has a market capitalization of $15.81 billion, a P/E ratio of 10.88 and a beta of 1.99. Lincoln National Corporation has a 12 month low of $44.74 and a 12 month high of $75.78. The company’s 50-day moving average is $70.77 and its 200-day moving average is $68.20.
Lincoln National Corporation (NYSE:LNC) last announced its earnings results on Wednesday, August 2nd. The financial services provider reported $1.85 EPS for the quarter, topping the consensus estimate of $1.73 by $0.12. The firm had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.56 billion. Lincoln National Corporation had a net margin of 10.85% and a return on equity of 10.99%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the company posted $1.56 EPS. Equities analysts anticipate that Lincoln National Corporation will post $7.45 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.16 annualized dividend and a yield of 1.62%. Lincoln National Corporation’s dividend payout ratio (DPR) is currently 17.79%.
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A number of research firms have commented on LNC. Zacks Investment Research upgraded shares of Lincoln National Corporation from a “hold” rating to a “strong-buy” rating and set a $81.00 price target on the stock in a research report on Tuesday, July 11th. Bank of America Corporation set a $78.00 price target on shares of Lincoln National Corporation in a research report on Tuesday, July 4th. Royal Bank Of Canada boosted their target price on shares of Lincoln National Corporation from $77.00 to $83.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Wells Fargo & Company reiterated a “hold” rating on shares of Lincoln National Corporation in a report on Thursday, May 4th. Finally, BidaskClub downgraded shares of Lincoln National Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $74.10.
In other Lincoln National Corporation news, Director Isaiah Tidwell sold 13,946 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $65.04, for a total transaction of $907,047.84. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.41% of the company’s stock.
About Lincoln National Corporation
Lincoln National Corporation is a holding company, which operates insurance and retirement businesses through subsidiary companies. The Company sells a range of wealth protection, accumulation and retirement income products and solutions, through its business segments. The Company operates through four segments: Annuities segment, which offers fixed (including indexed) and variable annuities; Retirement Plan Services segment, which provides employers with retirement plan products and services; Life Insurance segment, which focuses on the creation and protection of wealth through life insurance products, and Group Protection, which offers principally group non-medical insurance products.
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