WealthTrust Fairport LLC raised its holdings in Lincoln National Co. (NYSE:LNC) by 1.5% in the 4th quarter, Holdings Channel reports. The fund owned 67,784 shares of the financial services provider’s stock after acquiring an additional 1,025 shares during the period. WealthTrust Fairport LLC’s holdings in Lincoln National were worth $5,211,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of LNC. Rowland & Co. Investment Counsel ADV acquired a new position in Lincoln National in the 4th quarter valued at $108,000. Cerebellum GP LLC acquired a new position in Lincoln National in the 4th quarter valued at $123,000. Resources Investment Advisors Inc. raised its holdings in Lincoln National by 125.0% in the 4th quarter. Resources Investment Advisors Inc. now owns 1,800 shares of the financial services provider’s stock valued at $138,000 after acquiring an additional 1,000 shares during the last quarter. Valeo Financial Advisors LLC acquired a new position in Lincoln National in the 3rd quarter valued at $171,000. Finally, NuWave Investment Management LLC acquired a new position in Lincoln National in the 4th quarter valued at $180,000. Institutional investors own 79.29% of the company’s stock.
Shares of Lincoln National Co. (NYSE LNC) opened at $77.58 on Monday. The company has a market capitalization of $16,976.79, a price-to-earnings ratio of 8.40, a PEG ratio of 1.14 and a beta of 1.96. The company has a current ratio of 0.10, a quick ratio of 0.11 and a debt-to-equity ratio of 0.28. Lincoln National Co. has a twelve month low of $61.45 and a twelve month high of $86.68.
Lincoln National (NYSE:LNC) last released its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.04. The business had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.65 billion. Lincoln National had a return on equity of 10.86% and a net margin of 14.48%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.77 EPS. research analysts predict that Lincoln National Co. will post 8.5 earnings per share for the current year.
Lincoln National announced that its Board of Directors has authorized a share repurchase program on Friday, January 19th that allows the company to buyback shares. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
In other news, CEO Dennis R. Glass sold 102,367 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $84.71, for a total transaction of $8,671,508.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Randal J. Freitag sold 31,657 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $84.32, for a total value of $2,669,318.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 141,324 shares of company stock valued at $11,961,400. Insiders own 1.12% of the company’s stock.
Several research analysts have weighed in on the company. ValuEngine downgraded Lincoln National from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 9th. B. Riley reiterated a “neutral” rating on shares of Lincoln National in a report on Monday, November 6th. Zacks Investment Research downgraded Lincoln National from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. JPMorgan Chase & Co. upgraded Lincoln National from a “neutral” rating to an “overweight” rating and set a $87.00 price target for the company in a report on Tuesday, January 2nd. Finally, Wells Fargo & Co set a $80.00 price target on Lincoln National and gave the company a “hold” rating in a report on Thursday, November 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $83.27.
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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