HFG Advisors Inc. Sells 2,589 Shares of Lincoln National Corporation $LNC

HFG Advisors Inc. lessened its stake in shares of Lincoln National Corporation (NYSE:LNC) by 10.7% in the second quarter, Holdings Channel reports. The institutional investor owned 21,637 shares of the financial services provider’s stock after selling 2,589 shares during the period. HFG Advisors Inc.’s holdings in Lincoln National were worth $749,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of LNC. Teacher Retirement System of Texas boosted its stake in Lincoln National by 43.9% in the 1st quarter. Teacher Retirement System of Texas now owns 59,164 shares of the financial services provider’s stock worth $2,125,000 after purchasing an additional 18,050 shares in the last quarter. Strategic Blueprint LLC increased its stake in Lincoln National by 11.6% during the 1st quarter. Strategic Blueprint LLC now owns 9,968 shares of the financial services provider’s stock valued at $358,000 after purchasing an additional 1,033 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Lincoln National by 17.9% in the first quarter. Envestnet Asset Management Inc. now owns 116,594 shares of the financial services provider’s stock worth $4,187,000 after buying an additional 17,721 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Lincoln National by 12.9% in the first quarter. Allworth Financial LP now owns 5,784 shares of the financial services provider’s stock worth $208,000 after buying an additional 662 shares in the last quarter. Finally, Alps Advisors Inc. purchased a new stake in shares of Lincoln National during the first quarter valued at approximately $348,000. 72.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on LNC. Wolfe Research raised shares of Lincoln National to a “strong sell” rating in a report on Tuesday, September 16th. Morgan Stanley decreased their target price on shares of Lincoln National from $58.00 to $53.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Weiss Ratings restated a “hold (c+)” rating on shares of Lincoln National in a research note on Wednesday, October 8th. Wells Fargo & Company lifted their price objective on Lincoln National from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. Finally, National Bankshares set a $44.00 target price on Lincoln National in a report on Monday. One research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $42.82.

Insiders Place Their Bets

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

Lincoln National Trading Down 0.7%

NYSE:LNC opened at $40.31 on Wednesday. Lincoln National Corporation has a one year low of $27.58 and a one year high of $43.66. The business has a fifty day moving average price of $40.68 and a 200-day moving average price of $36.87. The firm has a market capitalization of $7.64 billion, a price-to-earnings ratio of 7.04, a price-to-earnings-growth ratio of 0.50 and a beta of 1.43. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.26 and a quick ratio of 0.26.

Lincoln National (NYSE:LNC) last released its quarterly earnings results on Thursday, October 30th. The financial services provider reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.20. The business had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.80 billion. Lincoln National had a return on equity of 19.14% and a net margin of 6.34%.During the same quarter in the previous year, the company posted $2.06 earnings per share. Sell-side analysts forecast that Lincoln National Corporation will post 7.69 EPS for the current year.

Lincoln National Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 10th were paid a dividend of $0.45 per share. The ex-dividend date was Friday, October 10th. This represents a $1.80 dividend on an annualized basis and a yield of 4.5%. Lincoln National’s dividend payout ratio (DPR) is presently 16.16%.

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.