HB Wealth Management LLC Has $726,000 Holdings in Lincoln National Corporation $LNC

HB Wealth Management LLC reduced its stake in shares of Lincoln National Corporation (NYSE:LNC) by 6.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,990 shares of the financial services provider’s stock after selling 1,339 shares during the quarter. HB Wealth Management LLC’s holdings in Lincoln National were worth $726,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Hollencrest Capital Management increased 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 worth $27,000 after purchasing an additional 594 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of Lincoln National during the 1st quarter worth about $33,000. Brooklyn Investment Group increased 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 worth $42,000 after purchasing an additional 524 shares in the last quarter. CX Institutional increased its holdings in shares of Lincoln National by 354.2% during the second quarter. CX Institutional now owns 1,685 shares of the financial services provider’s stock worth $58,000 after buying an additional 1,314 shares in the last quarter. Finally, Rossby Financial LCC acquired a new stake in shares of Lincoln National during the first quarter worth approximately $66,000. 72.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on LNC shares. National Bankshares set a $41.00 price objective on shares of Lincoln National in a report on Monday, August 18th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Lincoln National in a report on Saturday, September 27th. JPMorgan Chase & Co. raised their price target on Lincoln National from $38.00 to $41.00 and gave the company an “underweight” rating in a report on Tuesday, July 8th. Cfra Research upgraded Lincoln National to a “hold” rating in a research note on Wednesday, August 6th. Finally, Wolfe Research upgraded Lincoln National to a “strong sell” rating in a research note on Tuesday, September 16th. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Lincoln National currently has a consensus rating of “Hold” and an average target price of $39.45.

Lincoln National Stock Up 1.8%

Shares of NYSE:LNC opened at $41.09 on Friday. Lincoln National Corporation has a one year low of $27.58 and a one year high of $43.66. The company has a 50 day moving average of $40.37 and a 200-day moving average of $35.79. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.26 and a quick ratio of 0.26. The stock has a market cap of $7.79 billion, a price-to-earnings ratio of 7.17, a P/E/G ratio of 0.55 and a beta of 1.43.

Lincoln National (NYSE:LNC) last issued its quarterly earnings results on Thursday, July 31st. The financial services provider reported $2.36 EPS for the quarter, topping the consensus estimate of $1.91 by $0.45. Lincoln National had a net margin of 6.34% and a return on equity of 19.14%. The company had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.65 billion. During the same quarter in the previous year, the company earned $1.87 EPS. On average, sell-side analysts forecast that Lincoln National Corporation will post 7.69 earnings per share for the current year.

Lincoln National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Friday, October 10th. Lincoln National’s payout ratio is presently 31.41%.

Insider Activity

In other news, EVP John Christopher Kennedy sold 5,000 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president directly owned 123,815 shares in the company, valued at approximately $4,864,691.35. The trade was a 3.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.51% of the company’s stock.

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.