Mercer Global Advisors Inc. ADV Acquires 2,101 Shares of Lincoln National Co. (NYSE:LNC)

Mercer Global Advisors Inc. ADV grew its holdings in Lincoln National Co. (NYSE:LNC) by 11.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 19,810 shares of the financial services provider’s stock after buying an additional 2,101 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Lincoln National were worth $1,245,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of LNC. Loomis Sayles & Co. L P raised its holdings in shares of Lincoln National by 575.9% in the 1st quarter. Loomis Sayles & Co. L P now owns 588 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 501 shares in the last quarter. Stonebridge Capital Advisors LLC bought a new position in shares of Lincoln National during the 1st quarter worth approximately $42,000. Van ECK Associates Corp raised its stake in shares of Lincoln National by 188.0% during the 2nd quarter. Van ECK Associates Corp now owns 697 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 455 shares in the last quarter. Compagnie Lombard Odier SCmA bought a new position in shares of Lincoln National during the 2nd quarter worth approximately $88,000. Finally, Ameritas Investment Company LLC bought a new position in shares of Lincoln National during the 1st quarter worth approximately $113,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

LNC stock opened at $62.80 on Wednesday. The firm’s fifty day simple moving average is $65.32 and its 200-day simple moving average is $65.02. The company has a market capitalization of $11.80 billion, a P/E ratio of 8.66, a price-to-earnings-growth ratio of 0.16 and a beta of 2.24. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.19 and a quick ratio of 0.19. Lincoln National Co. has a 12 month low of $29.42 and a 12 month high of $71.68.

Lincoln National (NYSE:LNC) last posted its quarterly earnings data on Wednesday, August 4th. The financial services provider reported $3.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.30 by $0.87. The company had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.79 billion. Lincoln National had a net margin of 7.43% and a return on equity of 5.47%. The firm’s revenue for the quarter was up 37.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.97 earnings per share. As a group, sell-side analysts forecast that Lincoln National Co. will post 10.32 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 1st. Shareholders of record on Monday, October 11th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date is Thursday, October 7th. Lincoln National’s dividend payout ratio is presently 37.75%.

LNC has been the subject of several recent analyst reports. Royal Bank of Canada boosted their price objective on shares of Lincoln National from $69.00 to $70.00 and gave the stock a “sector perform” rating in a research note on Friday, August 6th. Piper Sandler reduced their price objective on shares of Lincoln National from $70.00 to $65.00 and set a “neutral” rating for the company in a research note on Thursday, July 8th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Lincoln National from a “sell” rating to a “hold” rating and set a $65.00 price objective for the company in a research note on Friday, July 9th. boosted their target price on shares of Lincoln National from $67.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, June 21st. Finally, Wells Fargo & Company boosted their target price on shares of Lincoln National from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Monday, August 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $66.71.

Lincoln National Company Profile

Lincoln National Corp. is a holding company, which operates multiple insurance and retirement businesses through its subsidiary companies. It provides advice and solutions that help empower people to take charge of their financial lives with confidence and optimism. The company operates through the following segments: Annuities, Retirement Plan Services, Life Insurance, Group Protection, and Other Operations.

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

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