APG Asset Management N.V. Sells 56,000 Shares of Lincoln National Corporation (LNC)

APG Asset Management N.V. trimmed its holdings in Lincoln National Corporation (NYSE:LNC) by 19.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 231,083 shares of the financial services provider’s stock after selling 56,000 shares during the quarter. APG Asset Management N.V. owned 0.10% of Lincoln National Corporation worth $16,980,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Stratford Consulting LLC boosted its stake in shares of Lincoln National Corporation by 0.4% during the 2nd quarter. Stratford Consulting LLC now owns 6,432 shares of the financial services provider’s stock worth $435,000 after acquiring an additional 27 shares in the last quarter. Savant Capital LLC boosted its stake in shares of Lincoln National Corporation by 0.4% during the 2nd quarter. Savant Capital LLC now owns 6,847 shares of the financial services provider’s stock worth $463,000 after acquiring an additional 30 shares in the last quarter. Krilogy Financial LLC boosted its stake in shares of Lincoln National Corporation by 1.2% during the 2nd quarter. Krilogy Financial LLC now owns 3,460 shares of the financial services provider’s stock worth $234,000 after acquiring an additional 40 shares in the last quarter. Financial Architects Inc boosted its stake in shares of Lincoln National Corporation by 2.3% during the 2nd quarter. Financial Architects Inc now owns 2,968 shares of the financial services provider’s stock worth $201,000 after acquiring an additional 68 shares in the last quarter. Finally, Intrust Bank NA boosted its stake in shares of Lincoln National Corporation by 0.7% during the 2nd quarter. Intrust Bank NA now owns 10,550 shares of the financial services provider’s stock worth $713,000 after acquiring an additional 71 shares in the last quarter. 80.15% of the stock is currently owned by institutional investors.

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LNC has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Lincoln National Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Citigroup Inc. reissued a “buy” rating and set a $83.00 target price (up from $82.00) on shares of Lincoln National Corporation in a research note on Thursday, September 14th. Morgan Stanley increased their target price on shares of Lincoln National Corporation from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 5th. Bank of America Corporation set a $78.00 target price on shares of Lincoln National Corporation in a research note on Tuesday, July 4th. Finally, BidaskClub lowered shares of Lincoln National Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. One research 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. Lincoln National Corporation presently has an average rating of “Hold” and an average target price of $76.50.

Lincoln National Corporation (LNC) opened at 75.78 on Wednesday. Lincoln National Corporation has a 52-week low of $47.90 and a 52-week high of $77.36. The company’s 50 day moving average is $73.92 and its 200 day moving average is $69.68. The firm has a market cap of $16.78 billion, a P/E ratio of 11.54 and a beta of 1.99.

Lincoln National Corporation (NYSE:LNC) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.85 EPS for the quarter, topping analysts’ consensus estimates 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 firm’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.56 earnings per share. Equities research analysts forecast that Lincoln National Corporation will post $7.49 EPS for the current fiscal year.

The business 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 dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Friday, October 6th. Lincoln National Corporation’s dividend payout ratio is currently 17.79%.

Lincoln National Corporation 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.

Institutional Ownership by Quarter for Lincoln National Corporation (NYSE:LNC)

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