Wealth Enhancement Advisory Services LLC Sells 702 Shares of Lincoln National Corporation $LNC

Wealth Enhancement Advisory Services LLC trimmed its position in shares of Lincoln National Corporation (NYSE:LNC) by 2.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,735 shares of the financial services provider’s stock after selling 702 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Lincoln National were worth $1,069,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hollencrest Capital Management raised its position in shares of Lincoln National by 383.2% during the 1st quarter. Hollencrest Capital Management now owns 749 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 594 shares during the period. NBC Securities Inc. bought a new stake in shares of Lincoln National during the 1st quarter valued at $33,000. Brooklyn Investment Group raised its position in shares of Lincoln National by 82.9% during the 1st quarter. Brooklyn Investment Group now owns 1,156 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 524 shares during the period. Rossby Financial LCC bought a new stake in shares of Lincoln National during the 1st quarter valued at $66,000. Finally, MAI Capital Management raised its position in shares of Lincoln National by 18.1% during 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 during the period. 72.81% of the stock is currently owned by institutional investors.

Insider Activity at Lincoln National

In related news, EVP John Christopher Kennedy sold 5,000 shares of Lincoln National stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $39.29, for a total transaction of $196,450.00. Following the completion of the transaction, the executive vice president directly owned 123,815 shares of the company’s stock, valued at approximately $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 accessible through the SEC website. Corporate insiders own 0.51% of the company’s stock.

Lincoln National Stock Performance

Shares of NYSE:LNC opened at $40.18 on Thursday. Lincoln National Corporation has a 52 week low of $27.58 and a 52 week high of $43.66. The stock has a market capitalization of $7.62 billion, a P/E ratio of 7.01, a PEG ratio of 0.54 and a beta of 1.43. The firm has a fifty day simple moving average of $40.14 and a two-hundred day simple moving average of $35.74. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.67.

Lincoln National (NYSE:LNC) last issued 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. Lincoln National had a net margin of 6.34% and a return on equity of 19.14%. The business had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.65 billion. During the same period last year, the company posted $1.87 EPS. On average, analysts expect that Lincoln National Corporation will post 7.69 earnings per share for the current fiscal year.

Lincoln National Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.5%. Lincoln National’s payout ratio is currently 31.41%.

Analyst Ratings Changes

LNC has been the subject of several research analyst reports. Morgan Stanley raised shares of Lincoln National from an “equal weight” rating to an “overweight” rating in a research note on Friday, September 19th. Wall Street Zen raised shares of Lincoln National from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Keefe, Bruyette & Woods raised their target price on shares of Lincoln National from $40.00 to $42.00 and gave the company a “market perform” rating in a research note on Monday, August 4th. JPMorgan Chase & Co. raised their target price on shares of Lincoln National from $38.00 to $41.00 and gave the company an “underweight” rating in a research note on Tuesday, July 8th. Finally, Cfra Research raised shares of Lincoln National to a “hold” rating in a research note on Wednesday, August 6th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $39.45.

Lincoln National 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.