Krilogy Financial LLC raised its stake in shares of Lincoln National Corporation (NYSE:LNC) by 1.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 3,460 shares of the financial services provider’s stock after purchasing an additional 40 shares during the period. Krilogy Financial LLC’s holdings in Lincoln National Corporation were worth $234,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Trust Co. of Vermont bought a new stake in Lincoln National Corporation during the second quarter valued at about $101,000. Sun Life Financial INC grew its holdings in Lincoln National Corporation by 20,600.0% during the second quarter. Sun Life Financial INC now owns 1,656 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 1,648 shares during the period. D.A. Davidson & CO. grew its holdings in Lincoln National Corporation by 8.6% during the second quarter. D.A. Davidson & CO. now owns 1,726 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 136 shares during the period. SRS Capital Advisors Inc. grew its holdings in Lincoln National Corporation by 15.9% during the first quarter. SRS Capital Advisors Inc. now owns 2,073 shares of the financial services provider’s stock valued at $135,000 after purchasing an additional 285 shares during the period. Finally, Stratos Wealth Partners LTD. bought a new stake in Lincoln National Corporation during the second quarter valued at about $200,000. 79.85% of the stock is owned by institutional investors and hedge funds.
LNC has been the subject of several recent research reports. BidaskClub lowered Lincoln National Corporation from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 12th. Zacks Investment Research lowered Lincoln National Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Lincoln National Corporation in a research note on Monday, June 26th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Lincoln National Corporation in a research note on Wednesday, August 2nd. Finally, Citigroup Inc. reaffirmed a “buy” rating and issued a $83.00 price objective (up previously from $82.00) on shares of Lincoln National Corporation in a research note on Thursday, September 14th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Lincoln National Corporation currently has an average rating of “Hold” and a consensus price target of $77.11.
Lincoln National Corporation (NYSE LNC) traded up 1.050% during trading on Friday, hitting $75.636. The stock had a trading volume of 223,239 shares. The firm’s 50-day moving average price is $70.95 and its 200-day moving average price is $68.61. Lincoln National Corporation has a 52-week low of $47.71 and a 52-week high of $76.10. The company has a market cap of $16.75 billion, a price-to-earnings ratio of 11.523 and a beta of 1.99.
Lincoln National Corporation (NYSE:LNC) last posted its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.73 by $0.12. Lincoln National Corporation had a return on equity of 10.99% and a net margin of 10.85%. The company had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.56 billion. During the same period in the previous year, the firm posted $1.56 EPS. Lincoln National Corporation’s revenue was up 8.2% compared to the same quarter last year. Analysts predict that Lincoln National Corporation will post $7.49 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.55%. The ex-dividend date is Friday, October 6th. Lincoln National Corporation’s payout ratio is 17.79%.
Lincoln National Corporation Company Profile
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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