Bremer Trust National Association reduced its position in shares of Lincoln National Co. (NYSE:LNC) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,898 shares of the financial services provider’s stock after selling 1,247 shares during the period. Bremer Trust National Association’s holdings in Lincoln National were worth $2,221,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Federated Investors Inc. PA raised its holdings in shares of Lincoln National by 370.7% during the second quarter. Federated Investors Inc. PA now owns 20,806 shares of the financial services provider’s stock worth $1,406,000 after purchasing an additional 16,386 shares during the period. Franklin Resources Inc. grew its position in shares of Lincoln National by 69.7% during the second quarter. Franklin Resources Inc. now owns 128,166 shares of the financial services provider’s stock worth $8,662,000 after acquiring an additional 52,663 shares during the last quarter. Aberdeen Asset Management PLC UK grew its position in shares of Lincoln National by 18.3% during the second quarter. Aberdeen Asset Management PLC UK now owns 67,991 shares of the financial services provider’s stock worth $4,595,000 after acquiring an additional 10,532 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Lincoln National by 6.3% during the second quarter. Alliancebernstein L.P. now owns 500,750 shares of the financial services provider’s stock worth $33,841,000 after acquiring an additional 29,524 shares during the last quarter. Finally, Capital Fund Management S.A. grew its position in shares of Lincoln National by 631.6% during the second quarter. Capital Fund Management S.A. now owns 23,392 shares of the financial services provider’s stock worth $1,581,000 after acquiring an additional 27,792 shares during the last quarter. 80.54% of the stock is currently owned by institutional investors and hedge funds.
LNC has been the subject of a number of recent analyst reports. Deutsche Bank initiated coverage on shares of Lincoln National in a research report on Tuesday, January 2nd. They issued a “buy” rating and a $84.00 target price for the company. Barclays restated a “buy” rating and set a $90.00 price objective on shares of Lincoln National in a research report on Tuesday, January 9th. Zacks Investment Research upgraded shares of Lincoln National from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a research report on Monday, January 8th. Royal Bank of Canada restated a “buy” rating and set a $86.00 price objective on shares of Lincoln National in a research report on Friday, December 8th. Finally, ValuEngine lowered shares of Lincoln National from a “strong-buy” rating to a “buy” rating in a research note 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 given a buy rating to the company’s stock. Lincoln National has a consensus rating of “Buy” and an average target price of $83.27.
Lincoln National Co. (LNC) opened at $83.04 on Friday. Lincoln National Co. has a twelve month low of $61.45 and a twelve month high of $86.68. The company has a current ratio of 0.10, a quick ratio of 0.11 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $18,171.56, a P/E ratio of 8.99, a price-to-earnings-growth ratio of 1.12 and a beta of 1.96.
Lincoln National (NYSE:LNC) last announced its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.98 EPS for the quarter, beating the consensus estimate of $1.94 by $0.04. The company had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.65 billion. Lincoln National had a return on equity of 10.86% and a net margin of 14.48%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.77 earnings per share. equities research analysts forecast that Lincoln National Co. will post 8.57 EPS for the current year.
Lincoln National announced that its Board of Directors has initiated a stock repurchase program on Friday, January 19th that authorizes the company to repurchase outstanding shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
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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.
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