Lourd Capital LLC bought a new stake in Lincoln National Co. (NYSE:LNC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,750 shares of the financial services provider’s stock, valued at approximately $288,000.
Other institutional investors have also recently bought and sold shares of the company. Rowland & Co. Investment Counsel ADV acquired a new stake in shares of Lincoln National during the fourth quarter valued at $108,000. Sun Life Financial INC boosted its stake 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 acquiring an additional 1,648 shares during the last quarter. D.A. Davidson & CO. boosted its stake in shares of Lincoln National by 8.6% during the second quarter. D.A. Davidson & CO. now owns 1,726 shares of the financial services provider’s stock valued at $116,000 after acquiring an additional 136 shares during the last quarter. Cerebellum GP LLC acquired a new stake in shares of Lincoln National during the fourth quarter valued at $123,000. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of Lincoln National during the third quarter valued at $171,000. 80.50% of the stock is currently owned by institutional investors.
A number of analysts recently commented on the company. ValuEngine lowered Lincoln National from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 9th. B. Riley reissued a “neutral” rating on shares of Lincoln National in a research note on Monday, November 6th. Goldman Sachs Group assumed coverage on Lincoln National in a research note on Wednesday, October 18th. They issued a “sell” rating and a $71.00 price target on the stock. Zacks Investment Research lowered Lincoln National from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Finally, JPMorgan Chase & Co. raised Lincoln National from a “neutral” rating to an “overweight” rating and set a $87.00 price target on the stock in a research note on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. Lincoln National has a consensus rating of “Buy” and an average target price of $83.27.
Shares of Lincoln National Co. (NYSE:LNC) opened at $75.47 on Tuesday. The stock has a market capitalization of $16,650.00, a PE ratio of 8.17, a price-to-earnings-growth ratio of 1.10 and a beta of 1.96. The company has a quick ratio of 0.11, a current ratio of 0.10 and a debt-to-equity ratio of 0.28. Lincoln National Co. has a 52 week low of $61.45 and a 52 week high of $86.68.
Lincoln National (NYSE:LNC) last released its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.98 EPS for the quarter, topping analysts’ consensus estimates 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 quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the business posted $1.77 EPS. equities analysts predict that Lincoln National Co. will post 8.54 earnings per share for the current year.
Lincoln National declared that its board has approved a share repurchase program on Friday, January 19th that permits the company to repurchase outstanding shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.
In other news, CFO Randal J. Freitag sold 31,657 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $84.32, for a total value of $2,669,318.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ellen Cooper sold 7,300 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $85.01, for a total value of $620,573.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 141,324 shares of company stock worth $11,961,400. Company insiders own 1.12% of the company’s stock.
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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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