Lincoln National Corporation (LNC) Shares Bought by Dupont Capital Management Corp
Dupont Capital Management Corp increased its position in shares of Lincoln National Corporation (NYSE:LNC) by 634.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 52,937 shares of the financial services provider’s stock after buying an additional 45,725 shares during the period. Dupont Capital Management Corp’s holdings in Lincoln National Corporation were worth $3,577,000 as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in the stock. Trust Co. of Vermont bought a new stake in Lincoln National Corporation during the second quarter worth about $101,000. SRS Capital Advisors Inc. boosted its stake in 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 worth $135,000 after buying an additional 285 shares in the last quarter. Americafirst Capital Management LLC bought a new stake in Lincoln National Corporation during the first quarter worth about $150,000. Financial Architects Inc boosted its stake in 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 worth $190,000 after buying an additional 1,514 shares in the last quarter. Finally, Balentine LLC boosted its stake in Lincoln National Corporation by 120.4% in the first quarter. Balentine LLC now owns 2,965 shares of the financial services provider’s stock worth $194,000 after buying an additional 1,620 shares in the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.
Lincoln National Corporation (LNC) opened at 71.14 on Thursday. The firm has a 50-day moving average price of $71.32 and a 200-day moving average price of $68.25. Lincoln National Corporation has a one year low of $44.68 and a one year high of $75.78. The stock has a market cap of $15.75 billion, a price-to-earnings ratio of 10.84 and a beta of 1.99.
Lincoln National Corporation (NYSE:LNC) last posted its earnings results on Wednesday, August 2nd. The financial services provider reported $1.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.73 by $0.12. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.56 billion. Lincoln National Corporation had a return on equity of 10.99% and a net margin of 10.85%. Lincoln National Corporation’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.56 earnings per share. On average, equities analysts predict that Lincoln National Corporation will post $7.46 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.63%. The ex-dividend date is Friday, October 6th. Lincoln National Corporation’s dividend payout ratio (DPR) is 17.79%.
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A number of research firms recently issued reports on LNC. Zacks Investment Research raised shares of Lincoln National Corporation from a “hold” rating to a “strong-buy” rating and set a $81.00 price target on the stock in a research note on Tuesday, July 11th. Bank of America Corporation set a $78.00 price target on shares of Lincoln National Corporation in a research note on Tuesday, July 4th. Royal Bank Of Canada lifted their price target on shares of Lincoln National Corporation from $77.00 to $83.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Wells Fargo & Company reissued a “hold” rating on shares of Lincoln National Corporation in a research note on Thursday, May 4th. Finally, BidaskClub cut shares of Lincoln National Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $74.10.
In related news, Director Isaiah Tidwell sold 13,946 shares of the 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.41% of the stock is currently owned by corporate insiders.
About Lincoln National Corporation
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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