Lincoln National Corporation $LNC Shares Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lifted its stake in shares of Lincoln National Corporation (NYSE:LNC) by 0.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 56,821 shares of the financial services provider’s stock after purchasing an additional 496 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Lincoln National were worth $1,966,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in LNC. State of Wyoming lifted its holdings in Lincoln National by 2.7% in the 1st quarter. State of Wyoming now owns 11,630 shares of the financial services provider’s stock valued at $418,000 after purchasing an additional 305 shares in the last quarter. Wedmont Private Capital lifted its holdings in Lincoln National by 3.0% in the 2nd quarter. Wedmont Private Capital now owns 10,749 shares of the financial services provider’s stock valued at $370,000 after purchasing an additional 311 shares in the last quarter. Baader Bank Aktiengesellschaft lifted its holdings in Lincoln National by 4.7% in the 1st quarter. Baader Bank Aktiengesellschaft now owns 7,329 shares of the financial services provider’s stock valued at $261,000 after purchasing an additional 329 shares in the last quarter. MAI Capital Management lifted its holdings in 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. Finally, SYM FINANCIAL Corp lifted its holdings in shares of 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 acquiring an additional 400 shares during the period. 72.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Morgan Stanley upgraded shares of Lincoln National from an “equal weight” rating to an “overweight” rating in a report on Friday, September 19th. Wells Fargo & Company reiterated a “positive” rating on shares of Lincoln National in a report on Tuesday, August 5th. JPMorgan Chase & Co. increased their price objective on shares of Lincoln National from $38.00 to $41.00 and gave the stock an “underweight” rating in a report on Tuesday, July 8th. Cfra Research upgraded shares of Lincoln National to a “hold” rating in a report on Wednesday, August 6th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Lincoln National in a report on Saturday, September 27th. Two equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Lincoln National has an average rating of “Hold” and an average price target of $39.45.

Lincoln National Stock Up 1.8%

LNC stock opened at $41.09 on Friday. Lincoln National Corporation has a twelve month low of $27.58 and a twelve month high of $43.66. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $7.79 billion, a P/E ratio of 7.17, a PEG ratio of 0.54 and a beta of 1.43. The firm has a 50 day simple moving average of $40.37 and a 200-day simple moving average of $35.80.

Lincoln National (NYSE:LNC) last released its quarterly earnings results on Thursday, July 31st. The financial services provider reported $2.36 earnings per share 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 the consensus estimate of $4.65 billion. During the same quarter last year, the company earned $1.87 earnings per share. On average, equities research analysts predict that Lincoln National Corporation will post 7.69 earnings per share for the current fiscal year.

Lincoln National Announces Dividend

The company also recently disclosed 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 is Friday, October 10th. This represents a $1.80 annualized dividend and a yield of 4.4%. Lincoln National’s dividend payout ratio (DPR) is 31.41%.

Insider Transactions at Lincoln National

In other Lincoln National news, EVP John Christopher Kennedy sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $39.29, for a total value of $196,450.00. Following the sale, the executive vice president directly owned 123,815 shares in the company, valued at approximately $4,864,691.35. This trade represents a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.51% of the stock is owned by company insiders.

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.