American Century Companies Inc. Buys 948 Shares of Lincoln National Corporation (NYSE:LNC)

American Century Companies Inc. increased its stake in Lincoln National Corporation (NYSE:LNC) by 1.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 99,293 shares of the financial services provider’s stock after buying an additional 948 shares during the period. American Century Companies Inc.’s holdings in Lincoln National Corporation were worth $6,710,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Azimuth Capital Management LLC increased its position in Lincoln National Corporation by 0.3% during the 1st quarter. Azimuth Capital Management LLC now owns 7,185 shares of the financial services provider’s stock valued at $470,000 after purchasing an additional 25 shares during the period. Stratford Consulting LLC increased its position in Lincoln National Corporation by 0.4% during the 2nd quarter. Stratford Consulting LLC now owns 6,432 shares of the financial services provider’s stock valued at $435,000 after purchasing an additional 27 shares during the period. Savant Capital LLC increased its position in Lincoln National Corporation by 0.4% during the 2nd quarter. Savant Capital LLC now owns 6,847 shares of the financial services provider’s stock valued at $463,000 after purchasing an additional 30 shares during the period. Tocqueville Asset Management L.P. increased its position in Lincoln National Corporation by 1.3% during the 1st quarter. Tocqueville Asset Management L.P. now owns 4,842 shares of the financial services provider’s stock valued at $317,000 after purchasing an additional 60 shares during the period. Finally, Financial Architects Inc increased its position in Lincoln National Corporation by 2.3% during the 2nd quarter. Financial Architects Inc now owns 2,968 shares of the financial services provider’s stock valued at $201,000 after purchasing an additional 68 shares during the period. 79.87% of the stock is currently owned by institutional investors.

Shares of Lincoln National Corporation (NYSE LNC) traded up 0.094% during midday trading on Friday, reaching $69.245. 557,908 shares of the company traded hands. The stock’s 50-day moving average is $69.94 and its 200-day moving average is $67.89. The stock has a market capitalization of $15.33 billion, a P/E ratio of 10.549 and a beta of 1.98. Lincoln National Corporation has a 1-year low of $44.74 and a 1-year high of $75.78.

Lincoln National Corporation (NYSE:LNC) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.73 by $0.12. The firm had revenue of $3.58 billion during the quarter, compared to analysts’ expectations 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 business posted $1.56 earnings per share. Equities analysts predict that Lincoln National Corporation will post $7.47 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Friday, October 6th. Lincoln National Corporation’s payout ratio is 17.79%.

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A number of analysts have recently weighed in on the stock. Bank of America Corporation set a $78.00 price target on shares of Lincoln National Corporation in a report on Tuesday, July 4th. Zacks Investment Research upgraded shares of Lincoln National Corporation from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Monday, June 5th. BidaskClub upgraded shares of Lincoln National Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Citigroup Inc. reiterated a “buy” rating and issued a $83.00 target price (up from $82.00) on shares of Lincoln National Corporation in a research note on Thursday. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Lincoln National Corporation in a research note on Monday, June 26th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $73.80.

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.

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

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