Kentucky Retirement Systems Insurance Trust Fund Has $258,000 Position in Lincoln National Co. (NYSE:LNC)

Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in Lincoln National Co. (NYSE:LNCGet Rating) by 12.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,522 shares of the financial services provider’s stock after acquiring an additional 605 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Lincoln National were worth $258,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Waldron Private Wealth LLC grew its stake in Lincoln National by 3.9% during the second quarter. Waldron Private Wealth LLC now owns 5,385 shares of the financial services provider’s stock worth $251,000 after buying an additional 203 shares during the last quarter. Affinity Wealth Management LLC grew its stake in Lincoln National by 6.4% during the first quarter. Affinity Wealth Management LLC now owns 3,436 shares of the financial services provider’s stock worth $224,000 after buying an additional 207 shares during the last quarter. Sandy Spring Bank grew its stake in Lincoln National by 8.7% during the second quarter. Sandy Spring Bank now owns 2,989 shares of the financial services provider’s stock worth $140,000 after buying an additional 240 shares during the last quarter. Gladius Capital Management LP grew its stake in Lincoln National by 18.4% during the first quarter. Gladius Capital Management LP now owns 1,658 shares of the financial services provider’s stock worth $109,000 after buying an additional 258 shares during the last quarter. Finally, Regentatlantic Capital LLC grew its stake in Lincoln National by 4.8% during the first quarter. Regentatlantic Capital LLC now owns 5,836 shares of the financial services provider’s stock worth $381,000 after buying an additional 269 shares during the last quarter. Institutional investors own 77.37% of the company’s stock.

Lincoln National Trading Up 1.8 %

LNC opened at $35.24 on Friday. The firm’s fifty day moving average is $46.46 and its two-hundred day moving average is $49.59. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.19 and a current ratio of 0.19. The firm has a market cap of $5.96 billion, a PE ratio of -2.92, a price-to-earnings-growth ratio of 2,121.29 and a beta of 1.84. Lincoln National Co. has a twelve month low of $32.59 and a twelve month high of $76.40.

Lincoln National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 1st. Shareholders of record on Tuesday, January 10th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Monday, January 9th. This represents a $1.80 annualized dividend and a yield of 5.11%. Lincoln National’s dividend payout ratio (DPR) is presently -14.94%.

Analysts Set New Price Targets

Several research firms have recently commented on LNC. Bank of America cut shares of Lincoln National from a “buy” rating to a “neutral” rating and decreased their price target for the company from $78.00 to $40.00 in a research note on Friday, November 4th. Morgan Stanley cut shares of Lincoln National from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $68.00 to $54.00 in a research note on Thursday, November 3rd. Barclays decreased their price target on shares of Lincoln National from $47.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Sunday, November 6th. StockNews.com cut shares of Lincoln National from a “hold” rating to a “sell” rating in a research note on Monday, November 7th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Lincoln National from $68.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, November 3rd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $48.33.

Lincoln National Company Profile

(Get Rating)

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 Annuities segment offers fixed, variable, and indexed variable annuities.

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Institutional Ownership by Quarter for Lincoln National (NYSE:LNC)

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