Blair William & Co. IL Grows Holdings in Lincoln National Corporation (NYSE:LNC)

Blair William & Co. IL increased its position in shares of Lincoln National Corporation (NYSE:LNC) by 10.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,986 shares of the financial services provider’s stock after buying an additional 1,102 shares during the period. Blair William & Co. IL’s holdings in Lincoln National were worth $430,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Baader Bank Aktiengesellschaft increased its stake in Lincoln National by 4.7% during the 1st quarter. Baader Bank Aktiengesellschaft now owns 7,329 shares of the financial services provider’s stock worth $261,000 after buying an additional 329 shares during the period. SYM FINANCIAL Corp increased its stake in Lincoln National by 5.9% during the 1st quarter. SYM FINANCIAL Corp now owns 7,154 shares of the financial services provider’s stock worth $257,000 after buying an additional 400 shares during the period. Treasurer of the State of North Carolina grew its holdings in Lincoln National by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 74,806 shares of the financial services provider’s stock worth $2,372,000 after acquiring an additional 470 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in Lincoln National by 5.9% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 9,236 shares of the financial services provider’s stock worth $293,000 after acquiring an additional 513 shares in the last quarter. Finally, Gotham Asset Management LLC grew its holdings in Lincoln National by 4.7% during the 4th quarter. Gotham Asset Management LLC now owns 11,720 shares of the financial services provider’s stock worth $372,000 after acquiring an additional 524 shares in the last quarter. Hedge funds and other institutional investors own 72.81% of the company’s stock.

Lincoln National Trading Up 0.2%

Lincoln National stock opened at $38.25 on Tuesday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.67. The firm has a 50-day moving average price of $34.63 and a two-hundred day moving average price of $34.52. The firm has a market capitalization of $7.25 billion, a price-to-earnings ratio of 6.68, a PEG ratio of 0.53 and a beta of 1.42. Lincoln National Corporation has a 52-week low of $27.58 and a 52-week high of $39.85.

Lincoln National (NYSE:LNC) last posted its earnings results on Thursday, July 31st. The financial services provider reported $2.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.45. Lincoln National had a net margin of 6.34% and a return on equity of 19.14%. The firm had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.65 billion. During the same period in the previous year, the business posted $1.87 EPS. Sell-side analysts expect that Lincoln National Corporation will post 7.69 earnings per share for the current year.

Lincoln National Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Thursday, July 10th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date was Thursday, July 10th. Lincoln National’s payout ratio is 31.41%.

Insiders Place Their Bets

In other Lincoln National news, EVP Sean Woodroffe sold 43,622 shares of the business’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $32.78, for a total transaction of $1,429,929.16. Following the sale, the executive vice president directly owned 154,102 shares in the company, valued at approximately $5,051,463.56. The trade was a 22.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John Christopher Kennedy sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $39.29, for a total transaction of $196,450.00. Following the completion of the sale, the executive vice president owned 123,815 shares in the company, valued at $4,864,691.35. The trade was a 3.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,697 shares of company stock worth $1,959,862. 0.54% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

LNC has been the subject of several recent analyst reports. Barclays raised their price objective on shares of Lincoln National from $38.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, May 9th. Wells Fargo & Company reaffirmed a “positive” rating on shares of Lincoln National in a report on Tuesday, August 5th. Piper Sandler decreased their price target on shares of Lincoln National from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, May 9th. JPMorgan Chase & Co. lifted their price target on shares of Lincoln National from $38.00 to $41.00 and gave the company an “underweight” rating in a report on Tuesday, July 8th. Finally, Wall Street Zen raised shares of Lincoln National from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $39.22.

About Lincoln National

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates in four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders.