Lincoln National Corporation (LNC) Holdings Held by Balentine LLC
Balentine LLC held its stake in shares of Lincoln National Corporation (NYSE:LNC) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,965 shares of the financial services provider’s stock at the close of the 2nd quarter. Balentine LLC’s holdings in Lincoln National Corporation were worth $200,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Azimuth Capital Management LLC grew its stake in Lincoln National Corporation by 0.3% during the 1st quarter. Azimuth Capital Management LLC now owns 7,185 shares of the financial services provider’s stock valued at $470,000 after acquiring an additional 25 shares in the last quarter. Stratford Consulting LLC grew its stake in Lincoln National Corporation by 0.4% during the 2nd quarter. Stratford Consulting LLC now owns 6,432 shares of the financial services provider’s stock valued at $435,000 after acquiring an additional 27 shares in the last quarter. Savant Capital LLC grew its stake in Lincoln National Corporation by 0.4% during the 2nd quarter. Savant Capital LLC now owns 6,847 shares of the financial services provider’s stock valued at $463,000 after acquiring an additional 30 shares in the last quarter. Financial Architects Inc grew its stake in Lincoln National Corporation by 2.3% during the 2nd quarter. Financial Architects Inc now owns 2,968 shares of the financial services provider’s stock valued at $201,000 after acquiring an additional 68 shares in the last quarter. Finally, Intrust Bank NA grew its stake in Lincoln National Corporation by 0.7% during the 2nd quarter. Intrust Bank NA now owns 10,550 shares of the financial services provider’s stock valued at $713,000 after acquiring an additional 71 shares in the last quarter. 79.85% of the stock is owned by institutional investors.
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Several analysts recently issued reports on the stock. Morgan Stanley upped their price objective on shares of Lincoln National Corporation from $76.00 to $77.00 and gave the company an “equal weight” rating in a research note on Thursday. Zacks Investment Research cut shares of Lincoln National Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Citigroup Inc. reaffirmed a “buy” rating and set a $83.00 price objective (up previously from $82.00) on shares of Lincoln National Corporation in a research note on Thursday, September 14th. Finally, BidaskClub cut shares of Lincoln National Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $77.11.
Lincoln National Corporation (NYSE:LNC) traded down 0.44% during trading on Monday, reaching $74.67. 176,607 shares of the company’s stock traded hands. Lincoln National Corporation has a 1-year low of $47.36 and a 1-year high of $76.10. The firm has a 50 day moving average of $70.11 and a 200 day moving average of $68.28. The firm has a market capitalization of $16.54 billion, a PE ratio of 11.38 and a beta of 1.99.
Lincoln National Corporation (NYSE:LNC) last issued its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.12. The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.56 billion. Lincoln National Corporation had a net margin of 10.85% and a return on equity of 10.99%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.56 earnings per share. Equities analysts forecast that Lincoln National Corporation will post $7.48 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, October 6th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.55%. Lincoln National Corporation’s dividend payout ratio (DPR) is presently 17.79%.
Lincoln National Corporation 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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