DekaBank Deutsche Girozentrale Increases Stake in Lincoln National Corporation (LNC)
DekaBank Deutsche Girozentrale raised its stake in Lincoln National Corporation (NYSE:LNC) by 15.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 100,258 shares of the financial services provider’s stock after buying an additional 13,295 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Lincoln National Corporation were worth $6,831,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the company. Trust Co. of Vermont acquired a new position in shares of Lincoln National Corporation during the second quarter valued at $101,000. SRS Capital Advisors Inc. boosted its position in shares of Lincoln National Corporation by 15.9% in the first quarter. SRS Capital Advisors Inc. now owns 2,073 shares of the financial services provider’s stock valued at $135,000 after buying an additional 285 shares in the last quarter. Americafirst Capital Management LLC acquired a new position in shares of Lincoln National Corporation during the first quarter valued at $150,000. Financial Architects Inc boosted its position in shares of Lincoln National Corporation by 109.2% in the first quarter. Financial Architects Inc now owns 2,900 shares of the financial services provider’s stock valued at $190,000 after buying an additional 1,514 shares in the last quarter. Finally, Balentine LLC boosted its position in shares of Lincoln National Corporation by 120.4% in the first quarter. Balentine LLC now owns 2,965 shares of the financial services provider’s stock valued at $194,000 after buying an additional 1,620 shares in the last quarter. 80.84% of the stock is owned by institutional investors.
Lincoln National Corporation (LNC) opened at 72.16 on Tuesday. The company has a 50 day moving average of $70.97 and a 200 day moving average of $68.21. The company has a market capitalization of $15.98 billion, a PE ratio of 10.99 and a beta of 1.99. Lincoln National Corporation has a 1-year low of $44.68 and a 1-year high of $75.78.
Lincoln National Corporation (NYSE:LNC) last announced its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.73 by $0.12. Lincoln National Corporation had a return on equity of 10.99% and a net margin of 10.85%. The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.56 billion. During the same quarter in the prior year, the company posted $1.56 earnings per share. Lincoln National Corporation’s revenue was up 8.2% compared to the same quarter last year. On average, analysts predict that Lincoln National Corporation will post $7.45 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.16 annualized dividend and a yield of 1.61%. Lincoln National Corporation’s dividend payout ratio (DPR) is currently 17.79%.
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Several equities analysts have recently weighed in on LNC shares. Bank of America Corporation set a $78.00 price target on shares of Lincoln National Corporation in a research note on Tuesday, July 4th. Zacks Investment Research raised shares of Lincoln National Corporation from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research note on Tuesday, August 8th. BidaskClub raised shares of Lincoln National Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Lincoln National Corporation in a research note on Monday, June 26th. Finally, Wells Fargo & Company reaffirmed a “hold” rating on shares of Lincoln National Corporation in a research note on Thursday, June 8th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Lincoln National Corporation has an average rating of “Buy” and a consensus target price of $74.10.
In related news, Director Isaiah Tidwell sold 13,946 shares of the company’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $65.04, for a total transaction of $907,047.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.41% of the company’s stock.
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.
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