American Century Companies Inc. Has $11.53 Million Stock Holdings in Lincoln National Corporation $LNC

American Century Companies Inc. increased its position in Lincoln National Corporation (NYSE:LNC) by 85.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 333,328 shares of the financial services provider’s stock after purchasing an additional 153,249 shares during the quarter. American Century Companies Inc. owned approximately 0.18% of Lincoln National worth $11,533,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of LNC. Ameritas Advisory Services LLC bought a new stake in Lincoln National in the second quarter valued at approximately $29,000. Brooklyn Investment Group boosted its stake 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 acquiring an additional 524 shares during the period. Friedenthal Financial acquired a new position in shares of Lincoln National during the 2nd quarter worth approximately $42,000. Hantz Financial Services Inc. raised its stake in Lincoln National by 3,927.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,490 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 1,453 shares during the period. Finally, CX Institutional raised its stake in Lincoln National by 354.2% in the 2nd quarter. CX Institutional now owns 1,685 shares of the financial services provider’s stock valued at $58,000 after acquiring an additional 1,314 shares during the period. Institutional investors own 72.81% of the company’s stock.

Lincoln National Stock Performance

Shares of NYSE:LNC opened at $42.46 on Friday. Lincoln National Corporation has a 12-month low of $27.58 and a 12-month high of $43.66. The company’s 50 day moving average price is $40.34 and its two-hundred day moving average price is $38.04. The firm has a market cap of $8.06 billion, a PE ratio of 3.81, a PEG ratio of 0.42 and a beta of 1.33. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.61.

Lincoln National (NYSE:LNC) last issued its quarterly earnings results on Thursday, October 30th. The financial services provider reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.20. The business had revenue of $4.56 billion during the quarter, compared to analysts’ expectations of $4.80 billion. Lincoln National had a return on equity of 18.77% and a net margin of 11.49%.During the same period in the previous year, the company posted $2.06 earnings per share. Equities research analysts predict that Lincoln National Corporation will post 7.69 earnings per share for the current year.

Lincoln National Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Monday, January 12th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Monday, January 12th. Lincoln National’s dividend payout ratio is 16.16%.

Insider Activity at Lincoln National

In related news, Director Owen Ryan purchased 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was acquired at an average price of $42.17 per share, with a total value of $84,340.00. Following the completion of the purchase, the director directly owned 12,000 shares in the company, valued at $506,040. This trade represents a 20.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.51% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. National Bankshares set a $44.00 price objective on shares of Lincoln National in a report on Monday, November 3rd. Keefe, Bruyette & Woods raised their target price on shares of Lincoln National from $43.00 to $44.00 and gave the stock a “market perform” rating in a research note on Monday, November 3rd. Wolfe Research upgraded shares of Lincoln National to a “strong sell” rating in a research note on Tuesday, September 16th. UBS Group increased their price target on shares of Lincoln National from $42.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Finally, Zacks Research upgraded shares of Lincoln National from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $43.40.

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.