Lincoln National Corporation (LNC) To Go Ex-Dividend on July 10th

Lincoln National Corporation (NYSE:LNC) declared a quarterly dividend on Thursday, May 28th. Investors of record on Friday, July 10th will be paid a dividend of 0.45 per share by the financial services provider on Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, July 10th.

Lincoln National has raised its dividend by an average of 0.0%per year over the last three years. Lincoln National has a payout ratio of 23.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Lincoln National to earn $8.28 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 21.7%.

Lincoln National Trading Up 2.1%

LNC opened at $39.20 on Wednesday. The stock has a 50-day moving average of $36.16 and a 200 day moving average of $37.87. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.65. Lincoln National has a 12 month low of $32.18 and a 12 month high of $46.82. The firm has a market cap of $7.50 billion, a P/E ratio of 4.55, a P/E/G ratio of 2.46 and a beta of 1.17.

Lincoln National (NYSE:LNC) last issued its quarterly earnings data on Thursday, May 7th. The financial services provider reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.08. The business had revenue of $4.87 billion for the quarter, compared to the consensus estimate of $4.93 billion. Lincoln National had a return on equity of 18.07% and a net margin of 9.17%.The company’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.60 earnings per share. As a group, research analysts forecast that Lincoln National will post 7.73 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Craigt T. Beazer sold 30,000 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $34.45, for a total transaction of $1,033,500.00. Following the completion of the sale, the executive vice president directly owned 103,906 shares of the company’s stock, valued at approximately $3,579,561.70. The trade was a 22.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.03% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Lincoln National

A number of hedge funds have recently added to or reduced their stakes in the stock. Bain Capital Prairie LLC bought a new stake in shares of Lincoln National during the fourth quarter valued at approximately $835,360,000. Dimensional Fund Advisors LP increased its holdings in Lincoln National by 24.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,755,506 shares of the financial services provider’s stock worth $275,304,000 after purchasing an additional 1,522,179 shares during the period. State Street Corp raised its position in Lincoln National by 0.7% during the 2nd quarter. State Street Corp now owns 6,199,526 shares of the financial services provider’s stock valued at $214,504,000 after purchasing an additional 40,676 shares in the last quarter. Jennison Associates LLC raised its position in Lincoln National by 3.9% during the 1st quarter. Jennison Associates LLC now owns 3,823,152 shares of the financial services provider’s stock valued at $135,722,000 after purchasing an additional 141,994 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Lincoln National by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 2,959,195 shares of the financial services provider’s stock worth $131,801,000 after buying an additional 14,842 shares during the period. 72.81% of the stock is currently owned by institutional investors.

Lincoln National Company Profile

Lincoln National Corporation, doing business as Lincoln Financial Group, is a diversified financial services holding company focused on providing retirement, insurance, and wealth management solutions in the United States and select international markets. Headquartered in Radnor, Pennsylvania, the company operates through several business segments, including Retirement Plan Services, Life Insurance, and Group Protection. Its offerings are designed to help individuals, families, and institutions plan and prepare for their financial futures.

The Retirement Plan Services segment delivers recordkeeping, administrative services, and investment management for defined contribution and defined benefit plans.