Voya Investment Management LLC Purchases 18,364 Shares of Lincoln National Corporation $LNC

Voya Investment Management LLC boosted its holdings in Lincoln National Corporation (NYSE:LNC) by 17.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 120,743 shares of the financial services provider’s stock after buying an additional 18,364 shares during the period. Voya Investment Management LLC owned approximately 0.07% of Lincoln National worth $4,336,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LNC. State of Wyoming lifted its position in shares of Lincoln National by 2.7% during the 1st quarter. State of Wyoming now owns 11,630 shares of the financial services provider’s stock worth $418,000 after buying an additional 305 shares during the period. Baader Bank Aktiengesellschaft lifted its holdings in shares of Lincoln National by 4.7% during the first quarter. Baader Bank Aktiengesellschaft now owns 7,329 shares of the financial services provider’s stock valued at $261,000 after acquiring an additional 329 shares during the period. MAI Capital Management boosted its stake in shares of Lincoln National by 18.1% in the 1st quarter. MAI Capital Management now owns 2,301 shares of the financial services provider’s stock valued at $83,000 after purchasing an additional 352 shares in the last quarter. SYM FINANCIAL Corp boosted its stake in shares of Lincoln National by 5.9% in the 1st quarter. SYM FINANCIAL Corp now owns 7,154 shares of the financial services provider’s stock valued at $257,000 after purchasing an additional 400 shares in the last quarter. Finally, Brooklyn Investment Group boosted its position in Lincoln National by 82.9% in the first quarter. Brooklyn Investment Group now owns 1,156 shares of the financial services provider’s stock valued at $42,000 after buying an additional 524 shares in the last quarter. 72.81% of the stock is currently owned by institutional investors.

Lincoln National Stock Up 3.4%

Lincoln National stock opened at $41.17 on Friday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.67. Lincoln National Corporation has a 1-year low of $27.58 and a 1-year high of $43.66. The company has a fifty day simple moving average of $39.15 and a 200 day simple moving average of $35.46. The company has a market cap of $7.81 billion, a P/E ratio of 7.18, a price-to-earnings-growth ratio of 0.54 and a beta of 1.48.

Lincoln National (NYSE:LNC) last posted its quarterly earnings data on Thursday, July 31st. The financial services provider reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.45. The company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.65 billion. Lincoln National had a net margin of 6.34% and a return on equity of 19.14%. During the same period in the prior year, the business posted $1.87 EPS. Research analysts anticipate that Lincoln National Corporation will post 7.69 earnings per share for the current fiscal year.

Lincoln National Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Friday, October 10th. Lincoln National’s dividend payout ratio (DPR) is currently 31.41%.

Insiders Place Their Bets

In other Lincoln National news, 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 transaction, the executive vice president owned 123,815 shares of the company’s stock, valued at $4,864,691.35. The trade was a 3.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.51% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on LNC. Wolfe Research upgraded shares of Lincoln National to a “strong sell” rating in a research note on Tuesday. Wall Street Zen upgraded Lincoln National from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. National Bankshares set a $41.00 target price on Lincoln National in a report on Monday, August 18th. Morgan Stanley upgraded Lincoln National from an “equal weight” rating to an “overweight” rating in a research note on Friday. Finally, Cfra Research upgraded shares of Lincoln National to a “hold” rating in a research report on Wednesday, August 6th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $39.45.

Lincoln National Company Profile

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.