Lincoln National Corporation $LNC Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its stake in shares of Lincoln National Corporation (NYSE:LNC) by 14.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,446 shares of the financial services provider’s stock after selling 8,718 shares during the quarter. Teacher Retirement System of Texas’ holdings in Lincoln National were worth $1,745,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. State of Wyoming lifted its stake in shares of Lincoln National by 2.7% in the 1st quarter. State of Wyoming now owns 11,630 shares of the financial services provider’s stock worth $418,000 after acquiring an additional 305 shares during the period. Wedmont Private Capital boosted 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 increased its position in Lincoln National by 4.7% during the 1st quarter. Baader Bank Aktiengesellschaft now owns 7,329 shares of the financial services provider’s stock worth $261,000 after purchasing an additional 329 shares during the period. MAI Capital Management raised its stake 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 worth $83,000 after buying an additional 352 shares in the last quarter. Finally, Sage Rhino Capital LLC lifted its holdings in shares of Lincoln National by 4.8% in the 2nd quarter. Sage Rhino Capital LLC now owns 8,224 shares of the financial services provider’s stock valued at $285,000 after buying an additional 378 shares during the period. 72.81% of the stock is owned by institutional investors and hedge funds.

Lincoln National Trading Down 3.4%

Shares of Lincoln National stock opened at $40.56 on Tuesday. Lincoln National Corporation has a 1 year low of $27.58 and a 1 year high of $43.66. 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 business has a 50 day moving average price of $40.72 and a 200 day moving average price of $36.80. The company has a market capitalization of $7.69 billion, a P/E ratio of 7.08, a P/E/G ratio of 0.50 and a beta of 1.43.

Lincoln National (NYSE:LNC) last released its quarterly earnings results on Thursday, October 30th. The financial services provider reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.20. Lincoln National had a return on equity of 19.14% and a net margin of 6.34%.The company had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.80 billion. During the same quarter last year, the business posted $2.06 earnings per share. Sell-side analysts anticipate that Lincoln National Corporation will post 7.69 EPS for the current fiscal year.

Lincoln National Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Investors of record on Friday, October 10th were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $1.80 annualized dividend and a yield of 4.4%. Lincoln National’s payout ratio is presently 16.16%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on LNC shares. Morgan Stanley dropped their price objective on Lincoln National from $58.00 to $53.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Barclays raised their price objective on shares of Lincoln National from $42.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 8th. National Bankshares set a $44.00 target price on shares of Lincoln National in a report on Monday. Wolfe Research raised Lincoln National to a “strong sell” rating in a research note on Tuesday, September 16th. Finally, Keefe, Bruyette & Woods raised their price objective on Lincoln National from $43.00 to $44.00 and gave the company a “market perform” rating in a research note on Monday. One investment analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $42.82.

Insider Transactions at Lincoln National

In other Lincoln National news, EVP John Christopher Kennedy sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $39.29, for a total value of $196,450.00. Following the transaction, the executive vice president directly owned 123,815 shares in the company, valued at approximately $4,864,691.35. This represents a 3.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.51% of the company’s stock.

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.