WINTON GROUP Ltd decreased its position in Lincoln National Co. (NYSE:LNC) by 89.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,096 shares of the financial services provider’s stock after selling 74,090 shares during the quarter. WINTON GROUP Ltd’s holdings in Lincoln National were worth $668,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Investec Asset Management LTD raised its stake in shares of Lincoln National by 1.9% in the 3rd quarter. Investec Asset Management LTD now owns 797,918 shares of the financial services provider’s stock valued at $58,631,000 after purchasing an additional 14,679 shares during the period. Twin Capital Management Inc. grew its holdings in shares of Lincoln National by 8.5% in the 3rd quarter. Twin Capital Management Inc. now owns 201,505 shares of the financial services provider’s stock valued at $14,806,000 after acquiring an additional 15,803 shares in the last quarter. Cadence Capital Management LLC grew its holdings in shares of Lincoln National by 39.3% in the 3rd quarter. Cadence Capital Management LLC now owns 27,189 shares of the financial services provider’s stock valued at $1,998,000 after acquiring an additional 7,673 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Lincoln National by 8.1% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,016 shares of the financial services provider’s stock valued at $1,324,000 after acquiring an additional 1,354 shares in the last quarter. Finally, AGF Investments Inc. grew its holdings in shares of Lincoln National by 7.7% in the 3rd quarter. AGF Investments Inc. now owns 278,601 shares of the financial services provider’s stock valued at $20,472,000 after acquiring an additional 19,834 shares in the last quarter. 80.44% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on LNC shares. Zacks Investment Research upgraded Lincoln National from a “hold” rating to a “buy” rating and set a $76.00 price target for the company in a report on Thursday, August 24th. Goldman Sachs Group started coverage on Lincoln National in a report on Wednesday, October 18th. They set a “sell” rating and a $71.00 price target for the company. Morgan Stanley lifted their price target on Lincoln National from $76.00 to $77.00 and gave the stock an “equal weight” rating in a report on Thursday, October 5th. Wells Fargo & Company set a $80.00 price target on Lincoln National and gave the stock a “hold” rating in a report on Thursday, November 16th. Finally, ValuEngine cut Lincoln National from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $78.40.
Shares of Lincoln National Co. (LNC) traded up $0.59 during trading hours on Thursday, hitting $76.50. The stock had a trading volume of 1,227,100 shares, compared to its average volume of 1,478,140. Lincoln National Co. has a 12 month low of $61.45 and a 12 month high of $78.44. The company has a market capitalization of $16,611.34, a PE ratio of 10.03, a PEG ratio of 1.14 and a beta of 2.01. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.30.
Lincoln National (NYSE:LNC) last issued its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.19. Lincoln National had a return on equity of 11.16% and a net margin of 10.50%. The company had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.62 billion. During the same quarter in the previous year, the company posted $1.89 earnings per share. The business’s revenue was down .4% on a year-over-year basis. analysts forecast that Lincoln National Co. will post 7.7 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Tuesday, January 9th. This is a boost from Lincoln National’s previous quarterly dividend of $0.29. Lincoln National’s payout ratio is currently 18.15%.
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Lincoln National 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.
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