Fideuram Intesa Sanpaolo Private Banking S.P.A. Acquires New Holdings in Lincoln National Corporation $LNC

Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Lincoln National Corporation (NYSE:LNC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 106,483 shares of the financial services provider’s stock, valued at approximately $4,742,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC raised its position in shares of Lincoln National by 2.1% during the 4th quarter. CWM LLC now owns 12,397 shares of the financial services provider’s stock worth $552,000 after buying an additional 255 shares in the last quarter. Evergreen Capital Management LLC increased its stake in shares of Lincoln National by 3.2% during the second quarter. Evergreen Capital Management LLC now owns 8,815 shares of the financial services provider’s stock valued at $305,000 after acquiring an additional 275 shares during the period. Xponance Inc. raised its holdings in Lincoln National by 3.3% during the third quarter. Xponance Inc. now owns 8,979 shares of the financial services provider’s stock worth $362,000 after purchasing an additional 286 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in Lincoln National by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 57,145 shares of the financial services provider’s stock worth $2,305,000 after purchasing an additional 324 shares during the period. Finally, Rossby Financial LCC lifted its position in Lincoln National by 19.7% in the third quarter. Rossby Financial LCC now owns 2,221 shares of the financial services provider’s stock worth $89,000 after purchasing an additional 365 shares during the period. Institutional investors own 72.81% of the company’s stock.

Lincoln National Price Performance

Shares of NYSE:LNC opened at $35.43 on Thursday. The company has a market capitalization of $6.77 billion, a PE ratio of 4.11, a price-to-earnings-growth ratio of 2.20 and a beta of 1.20. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.25 and a current ratio of 0.25. The stock has a fifty day moving average of $35.27 and a 200-day moving average of $39.20. Lincoln National Corporation has a one year low of $31.61 and a one year high of $46.82.

Lincoln National (NYSE:LNC) last issued its earnings results on Thursday, May 7th. The financial services provider reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.08. Lincoln National had a return on equity of 18.07% and a net margin of 9.17%.The business had revenue of $4.87 billion for the quarter, compared to analysts’ expectations of $4.93 billion. During the same period in the previous year, the firm posted $1.60 EPS. The company’s quarterly revenue was up 13.1% on a year-over-year basis. As a group, equities analysts anticipate that Lincoln National Corporation will post 7.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Morgan Stanley lowered their price target on Lincoln National from $50.00 to $46.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 3rd. Keefe, Bruyette & Woods upped their price objective on Lincoln National from $43.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Barclays decreased their target price on Lincoln National from $44.00 to $42.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. UBS Group reiterated a “neutral” rating and issued a $39.00 price target on shares of Lincoln National in a research report on Thursday, May 14th. Finally, Mizuho cut their price target on shares of Lincoln National from $54.00 to $48.00 and set an “outperform” rating for the company in a report on Monday, April 13th. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $44.00.

Insider Transactions at Lincoln National

In related news, major shareholder National Life Insuranc Lincoln purchased 2,254,486 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The shares were purchased at an average price of $11.09 per share, with a total value of $25,002,249.74. Following the purchase, the insider owned 9,784,322 shares of the company’s stock, valued at $108,508,130.98. This trade represents a 29.94% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Sean Woodroffe sold 10,000 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $34.46, for a total value of $344,600.00. Following the sale, the executive vice president owned 206,159 shares in the company, valued at approximately $7,104,239.14. The trade was a 4.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.03% of the company’s stock.

Lincoln National Company Profile

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.