Regal Investment Advisors LLC Invests $200,000 in Lincoln National Co. (LNC)

Regal Investment Advisors LLC bought a new stake in shares of Lincoln National Co. (NYSE:LNC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,600 shares of the financial services provider’s stock, valued at approximately $200,000.

Several other large investors also recently bought and sold shares of the company. LSV Asset Management grew its holdings in shares of Lincoln National by 1.7% during the fourth quarter. LSV Asset Management now owns 5,426,875 shares of the financial services provider’s stock valued at $417,163,000 after purchasing an additional 88,897 shares during the last quarter. Cornerstone Investment Partners LLC grew its holdings in shares of Lincoln National by 53.5% during the fourth quarter. Cornerstone Investment Partners LLC now owns 1,481,014 shares of the financial services provider’s stock valued at $113,846,000 after purchasing an additional 516,066 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of Lincoln National by 1.9% during the fourth quarter. Acadian Asset Management LLC now owns 1,295,371 shares of the financial services provider’s stock valued at $99,574,000 after purchasing an additional 24,152 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of Lincoln National by 2.9% during the third quarter. Parametric Portfolio Associates LLC now owns 1,127,315 shares of the financial services provider’s stock valued at $82,835,000 after purchasing an additional 32,235 shares during the last quarter. Finally, Prudential Financial Inc. grew its holdings in shares of Lincoln National by 7.3% during the third quarter. Prudential Financial Inc. now owns 1,031,558 shares of the financial services provider’s stock valued at $75,798,000 after purchasing an additional 70,480 shares during the last quarter. 80.58% of the stock is owned by institutional investors.

Several equities analysts have recently commented on LNC shares. Barclays reaffirmed a “buy” rating and set a $90.00 target price on shares of Lincoln National in a report on Tuesday, January 9th. Zacks Investment Research raised Lincoln National from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a report on Monday, January 8th. Deutsche Bank started coverage on Lincoln National in a report on Tuesday, January 2nd. They set a “buy” rating and a $84.00 target price for the company. Royal Bank of Canada reissued a “buy” rating and issued a $86.00 price objective on shares of Lincoln National in a report on Friday, December 8th. Finally, ValuEngine lowered Lincoln National from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $83.27.

Lincoln National Co. (NYSE LNC) opened at $75.38 on Friday. Lincoln National Co. has a fifty-two week low of $61.45 and a fifty-two week high of $86.68. The stock has a market capitalization of $16,162.74, a P/E ratio of 8.16, a P/E/G ratio of 1.08 and a beta of 1.96. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.10 and a quick ratio of 0.11.

Lincoln National (NYSE:LNC) last issued its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.04. Lincoln National had a return on equity of 10.86% and a net margin of 14.48%. The business had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same period in the prior year, the company posted $1.77 EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. analysts anticipate that Lincoln National Co. will post 8.54 earnings per share for the current fiscal year.

Lincoln National announced that its board has authorized a share repurchase program on Friday, January 19th that permits the company to repurchase shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

In other Lincoln National news, CFO Randal J. Freitag sold 31,657 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $84.32, for a total value of $2,669,318.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ellen Cooper sold 7,300 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $85.01, for a total value of $620,573.00. The disclosure for this sale can be found here. Insiders sold 141,324 shares of company stock valued at $11,961,400 over the last 90 days. 1.12% of the stock is currently owned by insiders.

TRADEMARK VIOLATION WARNING: “Regal Investment Advisors LLC Invests $200,000 in Lincoln National Co. (LNC)” was posted by Community Financial News and is the property of of Community Financial News. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright legislation. The correct version of this piece of content can be viewed at https://www.com-unik.info/2018/02/10/regal-investment-advisors-llc-invests-200000-in-lincoln-national-co-lnc.html.

Lincoln National 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.

Want to see what other hedge funds are holding LNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lincoln National Co. (NYSE:LNC).

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

Receive News & Ratings for Lincoln National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lincoln National and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit