Putnam FL Investment Management Co. purchased a new stake in shares of Lincoln National Corporation (NYSE:LNC) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 23,141 shares of the financial services provider’s stock, valued at approximately $1,700,000.

Several other hedge funds have also recently made changes to their positions in LNC. State of Alaska Department of Revenue boosted its stake in shares of Lincoln National Corporation by 44.3% during the second quarter. State of Alaska Department of Revenue now owns 5,702 shares of the financial services provider’s stock valued at $385,000 after purchasing an additional 1,750 shares in the last quarter. LS Investment Advisors LLC boosted its stake in shares of Lincoln National Corporation by 4.2% during the second quarter. LS Investment Advisors LLC now owns 10,359 shares of the financial services provider’s stock valued at $700,000 after purchasing an additional 413 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Lincoln National Corporation by 4.3% during the second quarter. Nisa Investment Advisors LLC now owns 67,448 shares of the financial services provider’s stock valued at $4,478,000 after purchasing an additional 2,750 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Lincoln National Corporation by 0.7% during the second quarter. Louisiana State Employees Retirement System now owns 13,900 shares of the financial services provider’s stock valued at $939,000 after purchasing an additional 100 shares in the last quarter. Finally, Aperio Group LLC boosted its stake in shares of Lincoln National Corporation by 7.4% during the second quarter. Aperio Group LLC now owns 285,524 shares of the financial services provider’s stock valued at $19,296,000 after purchasing an additional 19,623 shares in the last quarter. 81.03% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Lincoln National Corporation (LNC) traded up $0.06 during mid-day trading on Friday, reaching $74.01. The company’s stock had a trading volume of 1,418,600 shares, compared to its average volume of 1,494,326. The company has a market capitalization of $16,182.43, a P/E ratio of 9.77, a P/E/G ratio of 1.12 and a beta of 2.03. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.11 and a current ratio of 0.11. Lincoln National Corporation has a 1-year low of $61.01 and a 1-year high of $77.46.

Lincoln National Corporation (NYSE:LNC) last issued its earnings results on Wednesday, November 1st. The financial services provider reported $2.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.84 by $0.19. The business had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.62 billion. Lincoln National Corporation had a return on equity of 11.16% and a net margin of 10.50%. The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the company posted $1.89 earnings per share. research analysts predict that Lincoln National Corporation will post 7.65 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be issued a $0.33 dividend. This is an increase from Lincoln National Corporation’s previous quarterly dividend of $0.29. This represents a $1.32 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Tuesday, January 9th. Lincoln National Corporation’s payout ratio is presently 18.15%.

A number of analysts have recently commented on LNC shares. Zacks Investment Research raised Lincoln National Corporation from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research note on Tuesday, August 8th. BidaskClub raised Lincoln National Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Citigroup Inc. reaffirmed a “buy” rating and issued a $83.00 price objective (up from $82.00) on shares of Lincoln National Corporation in a research note on Thursday, September 14th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $83.00 price objective on shares of Lincoln National Corporation in a research note on Tuesday, October 10th. Finally, ValuEngine lowered Lincoln National Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $77.00.

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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Institutional Ownership by Quarter for Lincoln National Corporation (NYSE:LNC)

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