Lincoln National Corporation (LNC) Holdings Boosted by Bedrijfstakpensioenfonds Voor DE Media PNO

Bedrijfstakpensioenfonds Voor DE Media PNO boosted its stake in shares of Lincoln National Corporation (NYSE:LNC) by 7.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,543 shares of the financial services provider’s stock after purchasing an additional 1,566 shares during the period. Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings in Lincoln National Corporation were worth $1,656,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of LNC. Sun Life Financial INC raised its stake in Lincoln National Corporation by 20,600.0% during the second quarter. Sun Life Financial INC now owns 1,656 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 1,648 shares during the period. D.A. Davidson & CO. raised its stake in Lincoln National Corporation by 8.6% during the second quarter. D.A. Davidson & CO. now owns 1,726 shares of the financial services provider’s stock worth $116,000 after purchasing an additional 136 shares during the period. Stratos Wealth Partners LTD. purchased a new position in Lincoln National Corporation during the second quarter worth approximately $200,000. Financial Architects Inc raised its stake in Lincoln National Corporation by 2.3% during the second quarter. Financial Architects Inc now owns 2,968 shares of the financial services provider’s stock worth $201,000 after purchasing an additional 68 shares during the period. Finally, Bowen Hanes & Co. Inc. purchased a new position in Lincoln National Corporation during the second quarter worth approximately $201,000. 81.03% of the stock is currently owned by institutional investors.

LNC has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Lincoln National Corporation from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a research note on Thursday, August 24th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Lincoln National Corporation in a research note on Wednesday, October 18th. They set a “sell” rating and a $71.00 price target on the stock. BidaskClub downgraded shares of Lincoln National Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Morgan Stanley raised their target price on shares of Lincoln National Corporation from $76.00 to $77.00 and gave the company an “equal weight” rating in a research note on Thursday, October 5th. Finally, Royal Bank Of Canada raised their target price on shares of Lincoln National Corporation from $77.00 to $83.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Lincoln National Corporation currently has a consensus rating of “Hold” and a consensus target price of $76.70.

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Lincoln National Corporation (NYSE LNC) traded down $0.46 during trading on Wednesday, reaching $73.44. 1,150,000 shares of the company traded hands, compared to its average volume of 1,494,716. Lincoln National Corporation has a 12-month low of $60.31 and a 12-month high of $77.46. The stock has a market cap of $16,171.49, a P/E ratio of 9.76, a price-to-earnings-growth ratio of 1.12 and a beta of 2.03. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.11 and a quick ratio of 0.11.

Lincoln National Corporation (NYSE:LNC) last released its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.84 by $0.19. Lincoln National Corporation had a net margin of 10.50% and a return on equity of 11.16%. The firm had revenue of $3.51 billion for the quarter, compared to the consensus estimate of $3.62 billion. During the same quarter in the previous year, the firm posted $1.89 EPS. The firm’s quarterly revenue was down .4% on a year-over-year basis. sell-side analysts predict that Lincoln National Corporation will post 7.65 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be paid a dividend of $0.33 per share. This is an increase from Lincoln National Corporation’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.32 annualized dividend and a yield of 1.80%. Lincoln National Corporation’s payout ratio is 18.15%.

Lincoln National Corporation Company Profile

Lincoln National Corporation is a holding company, which operates insurance and retirement businesses through subsidiary companies. The Company sells a range of wealth protection, accumulation and retirement income products and solutions, through its business segments. The Company operates through four segments: Annuities segment, which offers fixed (including indexed) and variable annuities; Retirement Plan Services segment, which provides employers with retirement plan products and services; Life Insurance segment, which focuses on the creation and protection of wealth through life insurance products, and Group Protection, which offers principally group non-medical insurance products.

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Institutional Ownership by Quarter for Lincoln National Corporation (NYSE:LNC)

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