Livforsakringsbolaget Skandia Omsesidigt reduced its holdings in Lincoln National Co. (NYSE:LNC) by 7.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,223 shares of the financial services provider’s stock after selling 3,900 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Lincoln National were worth $3,706,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of LNC. Janus Henderson Group PLC lifted its holdings in shares of Lincoln National by 3,936.0% in the 2nd quarter. Janus Henderson Group PLC now owns 1,196,540 shares of the financial services provider’s stock valued at $80,862,000 after buying an additional 1,166,893 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Lincoln National by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 23,649,087 shares of the financial services provider’s stock valued at $1,598,205,000 after buying an additional 764,714 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in shares of Lincoln National by 90.5% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,117,085 shares of the financial services provider’s stock valued at $75,493,000 after buying an additional 530,618 shares during the period. Sit Investment Associates Inc. lifted its holdings in shares of Lincoln National by 473,333.3% in the 3rd quarter. Sit Investment Associates Inc. now owns 269,857 shares of the financial services provider’s stock valued at $19,829,000 after buying an additional 269,800 shares during the period. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Lincoln National by 84.2% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 544,208 shares of the financial services provider’s stock valued at $36,777,000 after buying an additional 248,800 shares during the period. 80.35% of the stock is owned by institutional investors and hedge funds.
Lincoln National Co. (NYSE LNC) opened at $82.98 on Thursday. Lincoln National Co. has a one year low of $61.45 and a one year high of $85.20. The firm has a market capitalization of $18,055.62, a P/E ratio of 12.99, a P/E/G ratio of 1.13 and a beta of 2.01. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.30.
Lincoln National (NYSE:LNC) last released its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.19. Lincoln National had a return on equity of 11.16% and a net margin of 10.50%. The firm had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.62 billion. During the same period last year, the business posted $1.89 EPS. Lincoln National’s quarterly revenue was down .4% on a year-over-year basis. equities analysts predict that Lincoln National Co. will post 7.72 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be paid 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 1.59%. The ex-dividend date is Tuesday, January 9th. Lincoln National’s dividend payout ratio (DPR) is presently 20.66%.
LNC has been the subject of several recent analyst reports. Zacks Investment Research cut Lincoln National from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Morgan Stanley raised their price target on Lincoln National from $77.00 to $79.00 and gave the company an “equal weight” rating in a report on Thursday, November 2nd. Deutsche Bank initiated coverage on Lincoln National in a report on Tuesday, January 2nd. They issued a “buy” rating and a $84.00 price target for the company. Royal Bank of Canada reaffirmed a “buy” rating and issued a $86.00 price objective on shares of Lincoln National in a research note on Friday, December 8th. Finally, B. Riley reaffirmed a “neutral” rating on shares of Lincoln National in a research note on Monday, November 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $83.27.
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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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