Lincoln National Corporation $LNC Position Trimmed by Blair William & Co. IL

Blair William & Co. IL trimmed its holdings in shares of Lincoln National Corporation (NYSE:LNC) by 25.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,961 shares of the financial services provider’s stock after selling 3,025 shares during the period. Blair William & Co. IL’s holdings in Lincoln National were worth $310,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its stake in Lincoln National by 22.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 184,957 shares of the financial services provider’s stock worth $6,642,000 after purchasing an additional 33,644 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Lincoln National by 34.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 204,010 shares of the financial services provider’s stock worth $7,346,000 after purchasing an additional 51,823 shares during the period. DMC Group LLC lifted its position in Lincoln National by 47.1% in the 1st quarter. DMC Group LLC now owns 25,749 shares of the financial services provider’s stock worth $925,000 after buying an additional 8,250 shares in the last quarter. Smith Salley Wealth Management purchased a new stake in Lincoln National in the 1st quarter worth approximately $268,000. Finally, Atlas Capital Advisors Inc. lifted its position in Lincoln National by 4,083.7% in the 1st quarter. Atlas Capital Advisors Inc. now owns 19,705 shares of the financial services provider’s stock worth $708,000 after buying an additional 19,234 shares in the last quarter. 72.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Lincoln National

In other 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 sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.51% of the company’s stock.

Analyst Upgrades and Downgrades

LNC has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods increased their target price on shares of Lincoln National from $42.00 to $43.00 and gave the stock a “market perform” rating in a research report on Thursday, October 9th. Wolfe Research upgraded shares of Lincoln National to a “strong sell” rating in a research report on Tuesday, September 16th. Wells Fargo & Company increased their target price on shares of Lincoln National from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. Piper Sandler restated a “neutral” rating and set a $42.00 price target on shares of Lincoln National in a report on Tuesday, October 7th. Finally, Evercore ISI raised their price target on shares of Lincoln National from $45.00 to $46.00 and gave the company an “in-line” rating in a report on Thursday, October 9th. One equities research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Lincoln National has an average rating of “Reduce” and a consensus price target of $43.09.

Lincoln National Stock Performance

NYSE LNC opened at $38.56 on Friday. 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 firm has a market capitalization of $7.31 billion, a price-to-earnings ratio of 6.73, a P/E/G ratio of 0.49 and a beta of 1.43. The company’s fifty day moving average is $40.82 and its two-hundred day moving average is $35.98. Lincoln National Corporation has a 52-week low of $27.58 and a 52-week high of $43.66.

Lincoln National (NYSE:LNC) last posted its quarterly earnings results on Thursday, July 31st. The financial services provider reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.45. The company had revenue of $4.04 billion for the quarter, compared to analyst estimates 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 last year, the business posted $1.87 EPS. Equities research analysts forecast that Lincoln National Corporation will post 7.69 EPS for the current year.

Lincoln National Dividend Announcement

The firm 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 4.7%. The ex-dividend date is Friday, October 10th. Lincoln National’s payout ratio is 31.41%.

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.