Daymark Wealth Partners LLC Acquires 139,988 Shares of Lincoln National Co. (NYSE:LNC)

Daymark Wealth Partners LLC raised its stake in shares of Lincoln National Co. (NYSE:LNC) by 1,370.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 150,201 shares of the financial services provider’s stock after acquiring an additional 139,988 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Lincoln National were worth $5,394,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. M Holdings Securities Inc. acquired a new position in shares of Lincoln National during the 4th quarter valued at about $29,000. Kapitalo Investimentos Ltda acquired a new position in Lincoln National during the fourth quarter valued at approximately $32,000. NBC Securities Inc. acquired a new position in Lincoln National during the first quarter valued at approximately $33,000. Headlands Technologies LLC bought a new position in shares of Lincoln National in the fourth quarter valued at approximately $35,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Lincoln National in the fourth quarter worth $36,000. 72.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Brian Kroll sold 10,075 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $33.10, for a total value of $333,482.50. Following the completion of the transaction, the executive vice president now owns 48,743 shares of the company’s stock, valued at $1,613,393.30. This represents a 17.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Sean Woodroffe sold 43,622 shares of the firm’s stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $32.78, for a total transaction of $1,429,929.16. Following the transaction, the executive vice president now owns 154,102 shares of the company’s stock, valued at approximately $5,051,463.56. This represents a 22.06% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.51% of the company’s stock.

Lincoln National Stock Up 1.9%

LNC stock opened at $33.44 on Monday. Lincoln National Co. has a twelve month low of $27.58 and a twelve month high of $39.85. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.80. The company has a market cap of $5.71 billion, a PE ratio of 1.82, a price-to-earnings-growth ratio of 0.30 and a beta of 1.40. The business’s 50-day simple moving average is $32.32 and its 200 day simple moving average is $33.91.

Lincoln National (NYSE:LNC) last announced its quarterly earnings data on Thursday, May 8th. The financial services provider reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.06. Lincoln National had a return on equity of 18.47% and a net margin of 17.76%. The company had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter last year, the company earned $0.41 EPS. The company’s quarterly revenue was up 14.0% on a year-over-year basis. On average, research analysts anticipate that Lincoln National Co. will post 7.69 earnings per share for the current year.

Lincoln National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Thursday, July 10th will be given a $0.45 dividend. The ex-dividend date is Thursday, July 10th. This represents a $1.80 annualized dividend and a yield of 5.38%. Lincoln National’s dividend payout ratio (DPR) is currently 25.57%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Wells Fargo & Company lowered their target price on shares of Lincoln National from $36.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 10th. Wall Street Zen raised Lincoln National from a “sell” rating to a “hold” rating in a research report on Saturday. Morgan Stanley boosted their price objective on Lincoln National from $32.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Monday, May 19th. Evercore ISI increased their target price on Lincoln National from $41.00 to $44.00 and gave the company an “in-line” rating in a research note on Wednesday, February 19th. Finally, UBS Group lifted their price target on Lincoln National from $32.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $36.82.

About Lincoln National

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.