Lincoln National Corporation $LNC Shares Bought by CHURCHILL MANAGEMENT Corp

CHURCHILL MANAGEMENT Corp grew its holdings in Lincoln National Corporation (NYSE:LNC) by 1.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 300,271 shares of the financial services provider’s stock after acquiring an additional 4,039 shares during the quarter. CHURCHILL MANAGEMENT Corp’s holdings in Lincoln National were worth $10,389,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc boosted its stake in Lincoln National by 40.5% in the 1st quarter. Versant Capital Management Inc now owns 2,957 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 853 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Lincoln National by 4,639.7% in the first quarter. GAMMA Investing LLC now owns 317,373 shares of the financial services provider’s stock worth $11,397,000 after buying an additional 310,677 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Lincoln National during the first quarter worth $211,000. NBC Securities Inc. purchased a new stake in shares of Lincoln National during the first quarter valued at $33,000. Finally, Vest Financial LLC purchased a new stake in shares of Lincoln National during the first quarter valued at $11,379,000. Institutional investors and hedge funds own 72.81% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on LNC shares. Wall Street Zen upgraded Lincoln National from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Cfra Research upgraded shares of Lincoln National to a “hold” rating in a report on Wednesday, August 6th. Morgan Stanley raised shares of Lincoln National from an “equal weight” rating to an “overweight” rating in a report on Friday, September 19th. National Bankshares set a $41.00 target price on shares of Lincoln National in a report on Monday, August 18th. Finally, Wolfe Research upgraded Lincoln National to a “strong sell” rating in a research note on Tuesday, September 16th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $39.45.

Lincoln National Stock Performance

NYSE LNC opened at $40.18 on Thursday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.67. Lincoln National Corporation has a twelve month low of $27.58 and a twelve month high of $43.66. The stock has a 50-day moving average of $40.14 and a 200 day moving average of $35.74. The stock has a market capitalization of $7.62 billion, a price-to-earnings ratio of 7.01, a PEG ratio of 0.54 and a beta of 1.43.

Lincoln National (NYSE:LNC) last announced its earnings results on Thursday, July 31st. The financial services provider reported $2.36 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.45. The business had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.65 billion. Lincoln National had a return on equity of 19.14% and a net margin of 6.34%.During the same period in the prior year, the company posted $1.87 EPS. Sell-side analysts anticipate that Lincoln National Corporation will post 7.69 EPS for the current fiscal year.

Lincoln National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 4.5%. The ex-dividend date is Friday, October 10th. Lincoln National’s payout ratio is 31.41%.

Insider Buying and Selling at Lincoln National

In other news, EVP John Christopher Kennedy sold 5,000 shares of Lincoln National stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $39.29, for a total value of $196,450.00. Following the sale, the executive vice president directly owned 123,815 shares of the company’s stock, valued at $4,864,691.35. The trade was a 3.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.51% of the stock is currently owned by company insiders.

Lincoln National Company Profile

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates in four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders.