Lincoln National Target of Unusually Large Options Trading (LNC)

Lincoln National Co. (NYSE:LNC) was the target of some unusual options trading on Monday. Traders acquired 3,500 call options on the stock. This is an increase of 1,334% compared to the average volume of 244 call options.

A number of hedge funds have recently added to or reduced their stakes in the stock. Krilogy Financial LLC lifted its position in Lincoln National by 1.2% in the 2nd quarter. Krilogy Financial LLC now owns 3,460 shares of the financial services provider’s stock valued at $234,000 after acquiring an additional 40 shares in the last quarter. D.A. Davidson & CO. raised its stake in Lincoln National by 8.6% during the 2nd quarter. D.A. Davidson & CO. now owns 1,726 shares of the financial services provider’s stock valued at $116,000 after buying an additional 136 shares during the last quarter. Altavista Wealth Management Inc. raised its stake in Lincoln National by 0.3% during the 2nd quarter. Altavista Wealth Management Inc. now owns 66,979 shares of the financial services provider’s stock valued at $4,526,000 after buying an additional 188 shares during the last quarter. Thrivent Financial For Lutherans raised its stake in Lincoln National by 2.8% during the 2nd quarter. Thrivent Financial For Lutherans now owns 8,514 shares of the financial services provider’s stock valued at $575,000 after buying an additional 230 shares during the last quarter. Finally, Dorsey Wright & Associates raised its stake in Lincoln National by 1.2% during the 2nd quarter. Dorsey Wright & Associates now owns 29,721 shares of the financial services provider’s stock valued at $2,009,000 after buying an additional 347 shares during the last quarter. 80.32% of the stock is currently owned by institutional investors and hedge funds.

Lincoln National (NYSE LNC) opened at $82.79 on Thursday. The stock has a market capitalization of $18,120.00, a P/E ratio of 12.92, a P/E/G ratio of 1.12 and a beta of 2.01. Lincoln National has a 12-month low of $61.45 and a 12-month high of $83.79. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.11 and a quick ratio of 0.11.

Lincoln National (NYSE:LNC) last released 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 business had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $3.62 billion. Lincoln National had a return on equity of 11.16% and a net margin of 10.50%. The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.89 EPS. equities analysts anticipate that Lincoln National will post 7.72 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be given a $0.33 dividend. The ex-dividend date is Tuesday, January 9th. This is a boost from Lincoln National’s previous quarterly dividend of $0.29. This represents a $1.32 annualized dividend and a yield of 1.59%. Lincoln National’s dividend payout ratio is 18.10%.

LNC has been the topic of several research reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $86.00 price objective on shares of Lincoln National in a research report on Friday, December 8th. Zacks Investment Research cut Lincoln National from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Goldman Sachs Group initiated coverage on Lincoln National in a research report on Wednesday, October 18th. They set a “sell” rating and a $71.00 price objective on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $89.00 price objective on shares of Lincoln National in a research report on Friday, December 22nd. Finally, Wells Fargo & Co set a $80.00 price objective on Lincoln National and gave the company a “hold” rating in a research report on Thursday, November 16th. One investment 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. Lincoln National currently has a consensus rating of “Buy” and an average price target of $83.27.

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Lincoln National 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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