15,432 Shares in Lincoln National Corporation $LNC Purchased by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC acquired a new position in shares of Lincoln National Corporation (NYSE:LNC) during the 2nd quarter, Holdings Channel reports. The fund acquired 15,432 shares of the financial services provider’s stock, valued at approximately $546,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Transamerica Financial Advisors LLC purchased a new position in shares of Lincoln National in the 4th quarter worth approximately $32,000. JPL Wealth Management LLC purchased a new stake in Lincoln National during the 3rd quarter valued at $29,000. Trust Co. of Vermont purchased a new stake in Lincoln National during the 2nd quarter valued at $28,000. Los Angeles Capital Management LLC bought a new stake in Lincoln National in the fourth quarter worth $34,000. Finally, Laurel Wealth Advisors LLC bought a new stake in Lincoln National in the fourth quarter worth $38,000. 72.81% of the stock is currently owned by hedge funds and other institutional investors.

Lincoln National Stock Down 0.5%

NYSE:LNC opened at $43.31 on Friday. Lincoln National Corporation has a twelve month low of $32.18 and a twelve month high of $47.67. The company has a market cap of $8.29 billion, a price-to-earnings ratio of 3.75, a price-to-earnings-growth ratio of 1.54 and a beta of 1.15. The stock has a fifty day simple moving average of $41.70 and a 200-day simple moving average of $37.94. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.62.

Lincoln National (NYSE:LNC) last issued its earnings results on Thursday, July 30th. The financial services provider reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.28. The firm had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.89 billion. Lincoln National had a net margin of 12.21% and a return on equity of 17.35%. The business’s revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.36 earnings per share. Analysts anticipate that Lincoln National Corporation will post 7.97 EPS for the current year.

Lincoln National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Monday, October 12th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Friday, October 9th. Lincoln National’s payout ratio is 15.60%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on LNC shares. JPMorgan Chase & Co. boosted their price objective on shares of Lincoln National from $40.00 to $42.00 and gave the company an “underweight” rating in a research report on Tuesday, July 21st. Bank of America restated a “neutral” rating and issued a $47.00 target price on shares of Lincoln National in a report on Thursday, July 30th. TD Cowen lifted their price target on shares of Lincoln National from $37.00 to $42.00 and gave the stock a “hold” rating in a research note on Wednesday, July 22nd. UBS Group upped their price target on shares of Lincoln National from $39.00 to $44.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Finally, Morgan Stanley raised their price objective on shares of Lincoln National from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Monday. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Lincoln National currently has an average rating of “Hold” and a consensus price target of $47.07.

Insider Buying and Selling at Lincoln National

In other news, EVP Sean Woodroffe sold 11,000 shares of Lincoln National stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $45.28, for a total transaction of $498,080.00. Following the completion of the sale, the executive vice president owned 119,947 shares of the company’s stock, valued at approximately $5,431,200.16. The trade was a 8.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gary C. Kelly sold 15,007 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $26.50, for a total value of $397,685.50. The SEC filing for this sale provides additional information. Insiders sold a total of 56,007 shares of company stock valued at $1,929,266 in the last three months. Company insiders own 1.03% of the company’s stock.

About Lincoln National

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.