FDx Advisors Inc. cut its stake in Lincoln National Corporation (NYSE:LNC) by 27.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,140 shares of the financial services provider’s stock after selling 6,189 shares during the quarter. FDx Advisors Inc.’s holdings in Lincoln National Corporation were worth $1,186,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in LNC. Sun Life Financial INC lifted its holdings in Lincoln National Corporation by 20,600.0% in the second quarter. Sun Life Financial INC now owns 1,656 shares of the financial services provider’s stock valued at $112,000 after acquiring an additional 1,648 shares during the period. D.A. Davidson & CO. lifted its holdings in Lincoln National Corporation by 8.6% in the second quarter. D.A. Davidson & CO. now owns 1,726 shares of the financial services provider’s stock valued at $116,000 after acquiring an additional 136 shares during the period. Stratos Wealth Partners LTD. acquired a new position in Lincoln National Corporation in the second quarter valued at approximately $200,000. Financial Architects Inc lifted its holdings in Lincoln National Corporation by 2.3% in the second quarter. Financial Architects Inc now owns 2,968 shares of the financial services provider’s stock valued at $201,000 after acquiring an additional 68 shares during the period. Finally, Bowen Hanes & Co. Inc. acquired a new position in Lincoln National Corporation in the second quarter valued at approximately $201,000. 81.03% of the stock is owned by institutional investors.
A number of research analysts have issued reports on LNC shares. BidaskClub downgraded Lincoln National Corporation from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 12th. Zacks Investment Research downgraded Lincoln National Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Morgan Stanley boosted their price target on Lincoln National Corporation from $77.00 to $79.00 and gave the company an “equal weight” rating in a report on Thursday, November 2nd. Wells Fargo & Company reissued a “hold” rating on shares of Lincoln National Corporation in a report on Wednesday, August 2nd. Finally, Citigroup Inc. reissued a “buy” rating and issued a $83.00 price target (up from $82.00) on shares of Lincoln National Corporation in a report on Thursday, September 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. Lincoln National Corporation currently has an average rating of “Hold” and a consensus target price of $76.70.
Lincoln National Corporation (LNC) traded down $0.46 during trading on Wednesday, hitting $73.44. The stock had a trading volume of 1,150,000 shares, compared to its average volume of 1,494,716. The stock has a market capitalization of $16,171.49, a PE ratio of 9.76, a PEG ratio of 1.12 and a beta of 2.03. Lincoln National Corporation has a 1-year low of $60.31 and a 1-year high of $77.46. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.11 and a quick ratio of 0.11.
Lincoln National Corporation (NYSE:LNC) last posted its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $2.03 EPS for the quarter, beating the Zacks’ consensus estimate of $1.84 by $0.19. The business had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.62 billion. Lincoln National Corporation had a return on equity of 11.16% and a net margin of 10.50%. The business’s revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.89 earnings per share. equities analysts forecast that Lincoln National Corporation will post 7.65 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.80%. This is a boost from Lincoln National Corporation’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, January 9th. Lincoln National Corporation’s payout ratio is presently 18.15%.
Lincoln National Corporation Company Profile
Lincoln National Corporation is a holding company, which operates insurance and retirement businesses through subsidiary companies. The Company sells a range of wealth protection, accumulation and retirement income products and solutions, through its business segments. The Company operates through four segments: Annuities segment, which offers fixed (including indexed) and variable annuities; Retirement Plan Services segment, which provides employers with retirement plan products and services; Life Insurance segment, which focuses on the creation and protection of wealth through life insurance products, and Group Protection, which offers principally group non-medical insurance products.
Want to see what other hedge funds are holding LNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lincoln National Corporation (NYSE:LNC).
Receive News & Ratings for Lincoln National Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lincoln National Corporation and related companies with MarketBeat.com's FREE daily email newsletter.