Campbell & CO Investment Adviser LLC Purchases 7,879 Shares of Lincoln National Co. (NYSE:LNC)
Campbell & CO Investment Adviser LLC boosted its position in Lincoln National Co. (NYSE:LNC) by 152.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,034 shares of the financial services provider’s stock after acquiring an additional 7,879 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Lincoln National were worth $840,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in Lincoln National by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,216,834 shares of the financial services provider’s stock worth $113,748,000 after buying an additional 57,696 shares during the period. Geode Capital Management LLC increased its position in shares of Lincoln National by 7.3% in the 4th quarter. Geode Capital Management LLC now owns 2,898,554 shares of the financial services provider’s stock valued at $148,472,000 after purchasing an additional 197,294 shares during the last quarter. Squarepoint Ops LLC increased its position in shares of Lincoln National by 38.0% in the 4th quarter. Squarepoint Ops LLC now owns 106,248 shares of the financial services provider’s stock valued at $5,452,000 after purchasing an additional 29,274 shares during the last quarter. Gotham Asset Management LLC purchased a new stake in shares of Lincoln National in the 4th quarter valued at approximately $478,000. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in shares of Lincoln National in the 4th quarter valued at approximately $293,000. Institutional investors and hedge funds own 80.54% of the company’s stock.
A number of equities research analysts have commented on LNC shares. Goldman Sachs Group set a GBX 6,870 ($89.77) price objective on shares of Reckitt Benckiser Group and gave the company a “neutral” rating in a research report on Tuesday, June 25th. Zacks Investment Research downgraded shares of HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 21st. JPMorgan Chase & Co. set a €28.20 ($32.79) price objective on shares of AXA and gave the company a “buy” rating in a research report on Thursday, May 2nd. Finally, UBS Group increased their price objective on shares of Tableau Software to $134.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $75.67.
Lincoln National (NYSE:LNC) last posted its earnings results on Wednesday, May 1st. The financial services provider reported $2.14 EPS for the quarter, beating the Zacks’ consensus estimate of $2.08 by $0.06. The firm had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.25 billion. Lincoln National had a net margin of 9.02% and a return on equity of 12.32%. The company’s revenue was up 19.7% on a year-over-year basis. During the same period last year, the firm posted $1.97 EPS. Research analysts predict that Lincoln National Co. will post 9.27 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 10th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend is Tuesday, July 9th. Lincoln National’s dividend payout ratio (DPR) is 17.45%.
In related news, CAO Christine A. Janofsky sold 7,928 shares of the stock in a transaction on Friday, June 14th. The shares were sold at an average price of $62.62, for a total value of $496,451.36. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gary C. Kelly sold 17,040 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $66.63, for a total transaction of $1,135,375.20. The disclosure for this sale can be found here. Insiders sold a total of 45,206 shares of company stock worth $2,920,586 over the last ninety days. Insiders own 1.50% of the company’s stock.
About Lincoln National
Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The Annuities segment offers variable, fixed, and indexed variable annuities.
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