Concurrent Investment Advisors LLC Has $626,000 Stock Position in Lincoln National Corporation $LNC

Concurrent Investment Advisors LLC boosted its holdings in shares of Lincoln National Corporation (NYSE:LNC) by 39.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,089 shares of the financial services provider’s stock after buying an additional 5,085 shares during the period. Concurrent Investment Advisors LLC’s holdings in Lincoln National were worth $626,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of LNC. GAMMA Investing LLC raised its position in Lincoln National by 32.0% during the first quarter. GAMMA Investing LLC now owns 8,838 shares of the financial services provider’s stock valued at $317,000 after buying an additional 2,142 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in Lincoln National by 6.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 31,437 shares of the financial services provider’s stock valued at $1,129,000 after buying an additional 1,770 shares during the period. Janney Montgomery Scott LLC raised its position in Lincoln National by 22.2% during the first quarter. Janney Montgomery Scott LLC now owns 184,957 shares of the financial services provider’s stock valued at $6,642,000 after buying an additional 33,644 shares during the period. PFG Investments LLC increased its position in Lincoln National by 21.0% in the 1st quarter. PFG Investments LLC now owns 8,887 shares of the financial services provider’s stock worth $319,000 after purchasing an additional 1,541 shares during the last quarter. Finally, Innealta Capital LLC acquired a new position in Lincoln National in the 1st quarter worth about $310,000. 72.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP John Christopher Kennedy sold 5,000 shares of the stock in a transaction that occurred 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 sale, the executive vice president owned 123,815 shares in the company, valued at $4,864,691.35. This represents a 3.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.51% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on LNC. Morgan Stanley dropped their target price on Lincoln National from $58.00 to $53.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. Evercore ISI upped their target price on Lincoln National from $45.00 to $46.00 and gave the stock an “in-line” rating in a research report on Thursday, October 9th. JPMorgan Chase & Co. upped their target price on Lincoln National from $38.00 to $41.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 8th. Barclays upped their target price on Lincoln National from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods upped their target price on Lincoln National from $42.00 to $43.00 and gave the stock a “market perform” rating in a research report on Thursday, October 9th. One research 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, Lincoln National currently has an average rating of “Reduce” and a consensus target price of $43.09.

Lincoln National Stock Performance

Shares of NYSE LNC opened at $38.56 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.26 and a current ratio of 0.26. The firm has a market cap of $7.31 billion, a price-to-earnings ratio of 6.73, a P/E/G ratio of 0.48 and a beta of 1.43. The business’s 50-day simple moving average is $40.82 and its 200-day simple moving average is $35.99. Lincoln National Corporation has a 52 week low of $27.58 and a 52 week high of $43.66.

Lincoln National (NYSE:LNC) last issued its quarterly earnings data on Thursday, July 31st. The financial services provider reported $2.36 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.45. The business had revenue of $4.04 billion for the quarter, compared to analyst estimates 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 firm posted $1.87 EPS. As a group, equities research analysts expect that Lincoln National Corporation will post 7.69 earnings per share for the current fiscal year.

Lincoln National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Investors 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 yield of 4.7%. Lincoln National’s dividend payout ratio is presently 31.41%.

About Lincoln National

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.