Lincoln Financial Group (NYSE:LNC) Shares Bought by MML Investors Services LLC

MML Investors Services LLC boosted its holdings in shares of Lincoln Financial Group (NYSE:LNC) by 118.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,552 shares of the financial services provider’s stock after acquiring an additional 4,634 shares during the period. MML Investors Services LLC’s holdings in Lincoln Financial Group were worth $657,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. LSV Asset Management raised its stake in shares of Lincoln Financial Group by 1.7% in the 4th quarter. LSV Asset Management now owns 5,426,875 shares of the financial services provider’s stock valued at $417,163,000 after purchasing an additional 88,897 shares during the period. Cornerstone Investment Partners LLC raised its stake in shares of Lincoln Financial Group by 53.5% in the 4th quarter. Cornerstone Investment Partners LLC now owns 1,481,014 shares of the financial services provider’s stock valued at $113,846,000 after purchasing an additional 516,066 shares during the period. UBS Asset Management Americas Inc. raised its stake in shares of Lincoln Financial Group by 16.6% in the 4th quarter. UBS Asset Management Americas Inc. now owns 1,323,021 shares of the financial services provider’s stock valued at $101,701,000 after purchasing an additional 188,124 shares during the period. Acadian Asset Management LLC raised its stake in shares of Lincoln Financial Group by 1.9% in the 4th quarter. Acadian Asset Management LLC now owns 1,295,371 shares of the financial services provider’s stock valued at $99,574,000 after purchasing an additional 24,152 shares during the period. Finally, Amundi Pioneer Asset Management Inc. raised its stake in shares of Lincoln Financial Group by 17.8% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,213,557 shares of the financial services provider’s stock valued at $93,286,000 after purchasing an additional 183,500 shares during the period. Hedge funds and other institutional investors own 82.34% of the company’s stock.

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In other Lincoln Financial Group news, CEO Dennis R. Glass sold 102,367 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $84.71, for a total transaction of $8,671,508.57. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Ellen Cooper sold 7,300 shares of the business’s stock in a transaction that occurred on 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. In the last three months, insiders have sold 167,736 shares of company stock worth $14,032,099. Company insiders own 1.12% of the company’s stock.

Several analysts have issued reports on LNC shares. Bank of America started coverage on Lincoln Financial Group in a research note on Monday, March 26th. They issued a “buy” rating and a $90.00 price target on the stock. ValuEngine downgraded Lincoln Financial Group from a “buy” rating to a “hold” rating in a research note on Tuesday, April 3rd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $89.00 price target on shares of Lincoln Financial Group in a research note on Friday, December 22nd. Zacks Investment Research downgraded Lincoln Financial Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Finally, JPMorgan Chase raised Lincoln Financial Group from a “neutral” rating to an “overweight” rating and set a $87.00 target price on the stock in a research report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $84.33.

Shares of NYSE:LNC traded down $2.18 during midday trading on Friday, reaching $69.16. The company had a trading volume of 1,449,987 shares, compared to its average volume of 1,284,796. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.10 and a current ratio of 0.10. The company has a market cap of $15,094.72, a P/E ratio of 8.88, a P/E/G ratio of 1.02 and a beta of 1.94. Lincoln Financial Group has a 1-year low of $62.67 and a 1-year high of $86.68.

Lincoln Financial Group (NYSE:LNC) last announced its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.04. The firm had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.65 billion. Lincoln Financial Group had a return on equity of 10.86% and a net margin of 14.48%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.77 earnings per share. equities analysts predict that Lincoln Financial Group will post 8.45 earnings per share for the current fiscal year.

Lincoln Financial Group announced that its Board of Directors has initiated a share repurchase program on Friday, January 19th that permits the company to buyback shares. This buyback authorization permits the financial services provider to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 10th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Monday, April 9th. Lincoln Financial Group’s dividend payout ratio (DPR) is presently 16.94%.

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Lincoln Financial Group Profile

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The company sells a range of wealth protection, accumulation, and retirement income products and solutions.

Institutional Ownership by Quarter for Lincoln Financial Group (NYSE:LNC)

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