Lincoln National Co. (LNC) Shares Sold by Raymond James Trust N.A.

Raymond James Trust N.A. cut its stake in shares of Lincoln National Co. (NYSE:LNC) by 10.8% in the third quarter, HoldingsChannel.com reports. The fund owned 8,421 shares of the financial services provider’s stock after selling 1,022 shares during the period. Raymond James Trust N.A.’s holdings in Lincoln National were worth $570,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of LNC. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Lincoln National during the third quarter worth $1,126,000. GSA Capital Partners LLP purchased a new stake in shares of Lincoln National during the third quarter worth $613,000. United Services Automobile Association grew its holdings in shares of Lincoln National by 3.2% during the third quarter. United Services Automobile Association now owns 151,132 shares of the financial services provider’s stock worth $10,226,000 after buying an additional 4,731 shares in the last quarter. Standard Life Aberdeen plc grew its holdings in shares of Lincoln National by 7.7% during the third quarter. Standard Life Aberdeen plc now owns 89,161 shares of the financial services provider’s stock worth $6,033,000 after buying an additional 6,357 shares in the last quarter. Finally, AMP Capital Investors Ltd grew its holdings in shares of Lincoln National by 17.0% in the third quarter. AMP Capital Investors Ltd now owns 173,276 shares of the financial services provider’s stock valued at $11,765,000 after purchasing an additional 25,203 shares during the period. Institutional investors own 82.85% of the company’s stock.

Shares of LNC opened at $62.97 on Friday. Lincoln National Co. has a 12-month low of $57.06 and a 12-month high of $86.68. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $13.45 billion, a P/E ratio of 8.08 and a beta of 1.90.

Lincoln National (NYSE:LNC) last posted its earnings results on Thursday, November 1st. The financial services provider reported $2.34 EPS for the quarter, beating the Zacks’ consensus estimate of $2.17 by $0.17. Lincoln National had a net margin of 13.14% and a return on equity of 11.61%. The company had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.25 billion. During the same quarter in the prior year, the company posted $1.87 earnings per share. Lincoln National’s revenue for the quarter was up 21.4% compared to the same quarter last year. Equities research analysts anticipate that Lincoln National Co. will post 8.56 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 1st. Shareholders of record on Thursday, January 10th will be given a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, January 9th. This represents a $1.48 dividend on an annualized basis and a yield of 2.35%. This is a boost from Lincoln National’s previous quarterly dividend of $0.33. Lincoln National’s dividend payout ratio is presently 16.94%.

A number of equities research analysts recently issued reports on LNC shares. B. Riley upped their price objective on shares of Lincoln National from $79.00 to $83.00 and gave the company a “neutral” rating in a report on Tuesday, August 7th. Credit Suisse Group dropped their price objective on shares of Lincoln National from $74.00 to $68.00 and set a “neutral” rating for the company in a report on Friday, August 17th. ValuEngine raised shares of Lincoln National from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 22nd. Goldman Sachs Group raised shares of Lincoln National from a “sell” rating to a “neutral” rating and upped their price objective for the company from $69.00 to $70.00 in a report on Monday, September 10th. Finally, UBS Group upped their price objective on shares of Lincoln National from $73.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, October 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $76.69.

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Lincoln National Company Profile

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The company sells a range of wealth protection, accumulation, and retirement income products and solutions.

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

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