Louisiana State Employees Retirement System Sells 400 Shares of Lincoln National Corporation $LNC

Louisiana State Employees Retirement System lowered its position in shares of Lincoln National Corporation (NYSE:LNC) by 0.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,800 shares of the financial services provider’s stock after selling 400 shares during the period. Louisiana State Employees Retirement System’s holdings in Lincoln National were worth $2,761,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in LNC. Hollencrest Capital Management increased its stake in shares of Lincoln National by 383.2% during the first quarter. Hollencrest Capital Management now owns 749 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 594 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of Lincoln National during the second quarter worth approximately $29,000. NBC Securities Inc. bought a new position in shares of Lincoln National during the first quarter worth approximately $33,000. Brooklyn Investment Group increased its stake in shares of Lincoln National by 82.9% during the first quarter. Brooklyn Investment Group now owns 1,156 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 524 shares during the period. Finally, Friedenthal Financial bought a new position in shares of Lincoln National during the second quarter worth approximately $42,000. Institutional investors own 72.81% of the company’s stock.

Analyst Upgrades and Downgrades

LNC has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price objective on Lincoln National from $38.00 to $41.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 8th. Wolfe Research upgraded Lincoln National to a “strong sell” rating in a research note on Tuesday, September 16th. Piper Sandler restated a “neutral” rating and set a $42.00 price objective on shares of Lincoln National in a research note on Tuesday. Morgan Stanley lowered their price objective on Lincoln National from $58.00 to $53.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, Barclays raised their price objective on Lincoln National from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Lincoln National has a consensus rating of “Reduce” and an average price target of $43.09.

Insiders Place Their Bets

In related news, EVP John Christopher Kennedy sold 5,000 shares of the business’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $39.29, for a total transaction of $196,450.00. Following the sale, the executive vice president owned 123,815 shares in the company, valued at $4,864,691.35. The trade was a 3.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.51% of the stock is owned by corporate insiders.

Lincoln National Trading Down 0.0%

Shares of LNC opened at $39.87 on Friday. The firm has a market cap of $7.56 billion, a price-to-earnings ratio of 6.96, a PEG ratio of 0.53 and a beta of 1.43. Lincoln National Corporation has a 52-week low of $27.58 and a 52-week high of $43.66. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.26 and a current ratio of 0.26. The business’s fifty day moving average is $40.73 and its 200-day moving average is $35.89.

Lincoln National (NYSE:LNC) last issued its quarterly earnings data on Thursday, July 31st. The financial services provider reported $2.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.45. The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.65 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 $1.87 EPS. Equities analysts anticipate that Lincoln National Corporation will post 7.69 EPS for the current fiscal year.

Lincoln National Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, October 10th. This represents a $1.80 dividend on an annualized basis and a yield of 4.5%. Lincoln National’s payout ratio is currently 31.41%.

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.