Wealthcare Advisory Partners LLC Has $1.04 Million Stake in Lincoln National Corporation $LNC

Wealthcare Advisory Partners LLC lifted its position in shares of Lincoln National Corporation (NYSE:LNC) by 11.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,041 shares of the financial services provider’s stock after purchasing an additional 3,139 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Lincoln National were worth $1,039,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Berger Financial Group Inc raised its position in shares of Lincoln National by 302.1% during the second quarter. Berger Financial Group Inc now owns 29,283 shares of the financial services provider’s stock worth $1,013,000 after purchasing an additional 22,000 shares during the period. New Century Financial Group LLC grew its holdings in Lincoln National by 292.4% during the second quarter. New Century Financial Group LLC now owns 43,679 shares of the financial services provider’s stock worth $1,511,000 after buying an additional 32,549 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Lincoln National during the second quarter worth $29,000. CHURCHILL MANAGEMENT Corp grew its holdings in Lincoln National by 1.4% during the second quarter. CHURCHILL MANAGEMENT Corp now owns 300,271 shares of the financial services provider’s stock worth $10,389,000 after buying an additional 4,039 shares in the last quarter. Finally, Naples Global Advisors LLC grew its holdings in Lincoln National by 4.9% during the second quarter. Naples Global Advisors LLC now owns 63,678 shares of the financial services provider’s stock worth $2,203,000 after buying an additional 2,976 shares in the last quarter. 72.81% of the stock is owned by institutional investors and hedge funds.

Lincoln National Stock Down 0.4%

Shares of NYSE:LNC opened at $40.08 on Wednesday. The company has a market capitalization of $7.60 billion, a PE ratio of 6.99, a price-to-earnings-growth ratio of 0.54 and a beta of 1.43. 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 fifty day moving average price of $40.58 and a two-hundred day moving average price of $35.84. Lincoln National Corporation has a 1 year low of $27.58 and a 1 year 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 for the quarter, topping the consensus estimate of $1.91 by $0.45. The company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.65 billion. Lincoln National had a return on equity of 19.14% and a net margin of 6.34%.During the same quarter in the prior year, the company earned $1.87 EPS. Analysts forecast that Lincoln National Corporation will post 7.69 earnings per share for the current year.

Lincoln National Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, October 10th. This represents a $1.80 annualized dividend and a dividend yield of 4.5%. Lincoln National’s dividend payout ratio is presently 31.41%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LNC. Piper Sandler reiterated a “neutral” rating and set a $42.00 price target on shares of Lincoln National in a report on Tuesday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Lincoln National in a report on Saturday, September 27th. JPMorgan Chase & Co. upped their price target on Lincoln National from $38.00 to $41.00 and gave the stock an “underweight” rating in a report on Tuesday, July 8th. National Bankshares set a $53.00 price objective on Lincoln National in a research note on Tuesday. Finally, Wells Fargo & Company restated a “positive” rating on shares of Lincoln National in a research note on Tuesday, August 5th. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $42.18.

Insider Buying and Selling at Lincoln National

In other news, EVP John Christopher Kennedy sold 5,000 shares of the stock in a transaction on 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.54% 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.