Asset Management One Co. Ltd. boosted its holdings in shares of Lincoln National Co. (NYSE:LNC) by 0.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 355,933 shares of the financial services provider’s stock after acquiring an additional 1,873 shares during the period. Asset Management One Co. Ltd. owned about 0.16% of Lincoln National worth $26,151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently added to or reduced their stakes in the company. Sun Life Financial INC lifted its position in shares of Lincoln National 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 buying an additional 1,648 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of Lincoln National by 8.6% in the 2nd 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 last quarter. Homrich & Berg purchased a new position in shares of Lincoln National in the 2nd quarter valued at approximately $204,000. Institute for Wealth Management LLC. purchased a new position in shares of Lincoln National in the 2nd quarter valued at approximately $227,000. Finally, Eqis Capital Management Inc. purchased a new position in shares of Lincoln National in the 3rd quarter valued at approximately $227,000. 80.44% of the stock is owned by institutional investors and hedge funds.
A number of research firms have issued reports on LNC. Royal Bank Of Canada reissued a “buy” rating and set a $83.00 price target on shares of Lincoln National in a research report on Tuesday, October 10th. Zacks Investment Research raised shares of Lincoln National from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a research note on Wednesday, September 6th. BidaskClub cut shares of Lincoln National from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Citigroup reaffirmed a “buy” rating and set a $83.00 price objective (up previously from $82.00) on shares of Lincoln National in a research note on Thursday, September 14th. Finally, B. Riley reissued a “neutral” rating on shares of Lincoln National in a research note on Monday, November 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $78.70.
Shares of Lincoln National Co. (LNC) traded up $0.95 on Monday, reaching $78.54. 1,530,200 shares of the company traded hands, compared to its average volume of 1,477,318. The stock has a market cap of $17,170.00, a price-to-earnings ratio of 10.38, a P/E/G ratio of 1.18 and a beta of 2.01. Lincoln National Co. has a 12-month low of $61.45 and a 12-month high of $78.73. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.11 and a current ratio of 0.11.
Lincoln National (NYSE:LNC) last issued its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.19. The firm had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.62 billion. Lincoln National had a net margin of 10.50% and a return on equity of 11.16%. Lincoln National’s revenue was down .4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.89 EPS. research analysts anticipate that Lincoln National Co. will post 7.7 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be given a $0.33 dividend. This is an increase from Lincoln National’s previous quarterly dividend of $0.29. This represents a $1.32 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Tuesday, January 9th. Lincoln National’s payout ratio is currently 18.10%.
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About Lincoln National
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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