Regentatlantic Capital LLC Sells 765 Shares of Lincoln National Corporation (LNC)

Regentatlantic Capital LLC decreased its holdings in Lincoln National Corporation (NYSE:LNC) by 3.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,429 shares of the financial services provider’s stock after selling 765 shares during the quarter. Regentatlantic Capital LLC’s holdings in Lincoln National Corporation were worth $1,501,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Lincoln National Corporation by 3.3% in the second quarter. Vanguard Group Inc. now owns 23,649,087 shares of the financial services provider’s stock valued at $1,598,205,000 after purchasing an additional 764,714 shares during the period. BlackRock Inc. boosted its stake in shares of Lincoln National Corporation by 1.9% in the second quarter. BlackRock Inc. now owns 18,774,399 shares of the financial services provider’s stock valued at $1,268,774,000 after purchasing an additional 355,633 shares during the period. FMR LLC boosted its stake in shares of Lincoln National Corporation by 1.3% in the second quarter. FMR LLC now owns 7,470,115 shares of the financial services provider’s stock valued at $504,830,000 after purchasing an additional 95,605 shares during the period. LSV Asset Management boosted its stake in shares of Lincoln National Corporation by 3.8% in the second quarter. LSV Asset Management now owns 5,157,271 shares of the financial services provider’s stock valued at $348,528,000 after purchasing an additional 187,800 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Lincoln National Corporation by 32.0% in the second quarter. JPMorgan Chase & Co. now owns 3,537,245 shares of the financial services provider’s stock valued at $239,047,000 after purchasing an additional 857,436 shares during the period. 80.15% of the stock is owned by institutional investors and hedge funds.

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Several research firms have recently commented on LNC. Goldman Sachs Group, Inc. (The) began coverage on shares of Lincoln National Corporation in a research note on Wednesday, October 18th. They issued a “sell” rating and a $71.00 price objective for the company. Royal Bank Of Canada reissued a “buy” rating and issued a $83.00 price objective on shares of Lincoln National Corporation in a research note on Tuesday, October 10th. Morgan Stanley raised their price objective on shares of Lincoln National Corporation from $76.00 to $77.00 and gave the company an “equal weight” rating in a research note on Thursday, October 5th. Zacks Investment Research lowered shares of Lincoln National Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Finally, Citigroup Inc. reissued 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $76.50.

Shares of Lincoln National Corporation (NYSE:LNC) traded down 1.06% during mid-day trading on Monday, reaching $76.51. 42,403 shares of the company traded hands. The company has a market capitalization of $16.94 billion, a P/E ratio of 11.66 and a beta of 1.99. The firm’s 50 day moving average price is $73.39 and its 200-day moving average price is $69.47. Lincoln National Corporation has a 52-week low of $47.90 and a 52-week high of $77.36.

Lincoln National Corporation (NYSE:LNC) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.73 by $0.12. The firm had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.56 billion. Lincoln National Corporation had a return on equity of 10.99% and a net margin of 10.85%. Lincoln National Corporation’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.56 EPS. Equities analysts predict that Lincoln National Corporation will post $7.49 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Friday, October 6th. Lincoln National Corporation’s dividend payout ratio is presently 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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Institutional Ownership by Quarter for Lincoln National Corporation (NYSE:LNC)

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