Paragon Capital Management Ltd acquired a new position in shares of Lincoln National Corporation (NYSE:LNC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,889 shares of the financial services provider’s stock, valued at approximately $263,000.
Several other large investors have also recently modified their holdings of the stock. New Century Investment Management Inc. purchased a new stake in shares of Lincoln National Corporation during the fourth quarter worth $1,352,000. Acadian Asset Management LLC boosted its position in Lincoln National Corporation by 2,466.1% in the first quarter. Acadian Asset Management LLC now owns 413,417 shares of the financial services provider’s stock valued at $27,056,000 after buying an additional 397,306 shares during the last quarter. American Century Companies Inc. bought a new position in Lincoln National Corporation during the first quarter valued at approximately $6,437,000. Henderson Group PLC boosted its position in Lincoln National Corporation by 2.1% in the first quarter. Henderson Group PLC now owns 29,647 shares of the financial services provider’s stock valued at $1,940,000 after buying an additional 600 shares during the last quarter. Finally, CWM LLC bought a new position in Lincoln National Corporation during the second quarter valued at approximately $211,000. 80.15% of the stock is owned by institutional investors and hedge funds.
Lincoln National Corporation (LNC) traded up 0.50% during mid-day trading on Tuesday, hitting $74.34. The stock had a trading volume of 1,214,205 shares. Lincoln National Corporation has a 12-month low of $44.68 and a 12-month high of $75.78. The company has a 50-day moving average of $69.94 and a 200-day moving average of $67.97. The firm has a market cap of $16.74 billion, a PE ratio of 11.38 and a beta of 1.99.
Lincoln National Corporation (NYSE:LNC) last posted its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.85 EPS for the quarter, topping the Zacks’ consensus estimate of $1.73 by $0.12. The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.56 billion. Lincoln National Corporation had a return on equity of 10.99% and a net margin of 10.85%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the firm earned $1.56 earnings per share. Analysts expect that Lincoln National Corporation will post $7.43 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were paid a $0.29 dividend. The ex-dividend date was Thursday, July 6th. This represents a $1.16 dividend on an annualized basis and a yield of 1.56%. Lincoln National Corporation’s dividend payout ratio (DPR) is 17.79%.
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LNC has been the subject of several analyst reports. BidaskClub cut Lincoln National Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Lincoln National Corporation in a research note on Monday, June 26th. Zacks Investment Research cut Lincoln National Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Wells Fargo & Company reissued a “hold” rating on shares of Lincoln National Corporation in a research note on Thursday, May 4th. Finally, Royal Bank Of Canada boosted their target price on Lincoln National Corporation from $77.00 to $83.00 and gave the stock an “outperform” rating in a research note on Friday. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $73.40.
In other Lincoln National Corporation news, Director Michael F. Mee sold 30,173 shares of the firm’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $68.32, for a total value of $2,061,419.36. Following the transaction, the director now owns 6,336 shares of the company’s stock, valued at $432,875.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Isaiah Tidwell sold 13,946 shares of the firm’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $65.04, for a total transaction of $907,047.84. The disclosure for this sale can be found here. 1.41% of the stock is currently owned by company insiders.
Lincoln National Corporation Company 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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