49,499 Shares in Lincoln National Corporation $LNC Purchased by M Holdings Securities Inc.

M Holdings Securities Inc. acquired a new stake in shares of Lincoln National Corporation (NYSE:LNC) during the third quarter, HoldingsChannel.com reports. The firm acquired 49,499 shares of the financial services provider’s stock, valued at approximately $2,061,000.

Several other institutional investors have also modified their holdings of LNC. Robeco Institutional Asset Management B.V. increased its holdings in Lincoln National by 73.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 266,680 shares of the financial services provider’s stock valued at $10,737,000 after buying an additional 113,243 shares during the period. State Street Corp lifted its stake in shares of Lincoln National by 3.6% during the 2nd quarter. State Street Corp now owns 6,106,302 shares of the financial services provider’s stock worth $215,858,000 after purchasing an additional 215,007 shares during the last quarter. Susquehanna Fundamental Investments LLC lifted its position in shares of Lincoln National by 557.5% during the second quarter. Susquehanna Fundamental Investments LLC now owns 158,004 shares of the financial services provider’s stock valued at $5,585,000 after buying an additional 133,973 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Lincoln National in the second quarter valued at approximately $63,112,000. Finally, Sei Investments Co. boosted its position in shares of Lincoln National by 9.5% in the 1st quarter. Sei Investments Co. now owns 522,832 shares of the financial services provider’s stock worth $18,561,000 after purchasing an additional 45,549 shares in the last quarter. 72.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

LNC has been the subject of a number of recent analyst reports. Bank of America reiterated a “neutral” rating and issued a $47.00 target price on shares of Lincoln National in a research note on Thursday, July 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Lincoln National in a research report on Friday, October 30th. TD Cowen raised their target price on Lincoln National from $37.00 to $42.00 and gave the stock a “hold” rating in a research note on Wednesday, July 22nd. Wells Fargo & Company raised their target price on Lincoln National from $52.00 to $54.00 and gave the stock an “overweight” rating in a research note on Monday, October 12th. Finally, Mizuho lowered their price target on Lincoln National from $53.00 to $49.00 and set an “outperform” rating for the company in a research report on Wednesday, October 7th. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Lincoln National has a consensus rating of “Hold” and an average price target of $48.67.

Insider Activity

In other news, Director Gary Kelly sold 15,007 shares of the stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $26.50, for a total value of $397,685.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Sean Woodroffe sold 17,500 shares of the firm’s stock in a transaction on Friday, November 6th. The stock was sold at an average price of $40.24, for a total transaction of $704,200.00. Following the transaction, the executive vice president directly owned 103,296 shares of the company’s stock, valued at approximately $4,156,631.04. This trade represents a 14.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 95,941 shares of company stock valued at $3,658,524 in the last ninety days. Insiders own 1.03% of the company’s stock.

Lincoln National Price Performance

Shares of NYSE LNC opened at $43.05 on Tuesday. Lincoln National Corporation has a 52 week low of $32.18 and a 52 week high of $47.67. The business’s 50 day moving average price is $41.51 and its 200 day moving average price is $39.03. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.62. The firm has a market cap of $8.24 billion, a P/E ratio of 2.66, a P/E/G ratio of 1.40 and a beta of 1.16.

Lincoln National (NYSE:LNC) last posted its quarterly earnings results on Thursday, November 5th. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.24). Lincoln National had a return on equity of 17.35% and a net margin of 12.21%. The business had revenue of $5.06 billion for the quarter, compared to analysts’ expectations of $4.97 billion. During the same period in the prior year, the business posted $2.04 earnings per share. On average, sell-side analysts expect that Lincoln National Corporation will post 7.90 earnings per share for the current year.

About Lincoln National

Lincoln National Corporation, operating as Lincoln Financial Group, is a financial services and insurance company whose businesses focus on protecting income and helping individuals and employers plan for financial needs. Its offerings include life insurance, annuities, workplace benefits and retirement plan services.

The company serves individuals, employers and retirement plan participants primarily in the United States. Its workplace protection products include benefits such as disability and life insurance, while its retirement services support employers and employees with workplace savings plans.

Founded in 1905 as The Lincoln National Life Insurance Company, the business takes its name from Abraham Lincoln.