Lincoln National Corporation $LNC Stock Bought by Sterling Capital Management LLC

Sterling Capital Management LLC raised its stake in Lincoln National Corporation (NYSE:LNC) by 542.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 71,077 shares of the financial services provider’s stock after purchasing an additional 60,007 shares during the quarter. Sterling Capital Management LLC’s holdings in Lincoln National were worth $2,862,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Arizona State Retirement System increased its position in shares of Lincoln National by 0.5% during the second quarter. Arizona State Retirement System now owns 47,206 shares of the financial services provider’s stock valued at $1,669,000 after acquiring an additional 252 shares during the last quarter. Integrated Advisors Network LLC lifted its holdings in shares of Lincoln National by 3.3% in the 1st quarter. Integrated Advisors Network LLC now owns 8,677 shares of the financial services provider’s stock worth $308,000 after acquiring an additional 279 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in shares of Lincoln National by 5.3% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 5,964 shares of the financial services provider’s stock worth $212,000 after acquiring an additional 299 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Lincoln National by 7.0% during the 3rd quarter. IFP Advisors Inc now owns 5,362 shares of the financial services provider’s stock worth $216,000 after purchasing an additional 349 shares during the period. Finally, Wealthcare Advisory Partners LLC boosted its position in shares of Lincoln National by 1.5% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 30,999 shares of the financial services provider’s stock worth $1,096,000 after purchasing an additional 454 shares during the period. Hedge funds and other institutional investors own 72.81% of the company’s stock.

Analyst Ratings Changes

LNC has been the subject of several research reports. JPMorgan Chase & Co. dropped their target price on shares of Lincoln National from $49.00 to $47.00 and set an “underweight” rating for the company in a report on Thursday, October 15th. National Bank Financial set a $49.00 price target on Lincoln National in a research note on Wednesday, October 7th. Morgan Stanley lowered their price target on Lincoln National from $50.00 to $47.00 and set an “overweight” rating for the company in a research report on Monday, October 5th. Weiss Ratings raised Lincoln National from a “hold (c)” rating to a “buy (b)” rating in a research note on Monday, August 3rd. Finally, Wells Fargo & Company boosted their price objective on Lincoln National from $52.00 to $54.00 and gave the company an “overweight” rating in a report on Monday, October 12th. Seven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $48.67.

Lincoln National Stock Up 0.0%

Shares of LNC opened at $39.86 on Monday. The stock has a market capitalization of $7.63 billion, a PE ratio of 3.45, a P/E/G ratio of 1.34 and a beta of 1.16. Lincoln National Corporation has a 1 year low of $32.18 and a 1 year high of $47.67. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.27 and a current ratio of 0.27. The company’s 50-day simple moving average is $42.05 and its 200-day simple moving average is $39.58.

Lincoln National (NYSE:LNC) last posted its quarterly earnings data on Thursday, July 30th. The financial services provider reported $2.24 EPS for the quarter, beating the consensus estimate of $1.96 by $0.28. The business had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.89 billion. Lincoln National had a net margin of 12.21% and a return on equity of 17.35%. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.36 earnings per share. Analysts forecast that Lincoln National Corporation will post 7.94 earnings per share for the current fiscal year.

Lincoln National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Monday, October 12th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Friday, October 9th. Lincoln National’s dividend payout ratio is presently 15.60%.

Insider Buying and Selling

In other Lincoln National news, Director Gary C. Kelly sold 15,007 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $26.50, for a total value of $397,685.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Sean Woodroffe sold 11,000 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $45.28, for a total transaction of $498,080.00. Following the completion of the transaction, the executive vice president owned 119,947 shares of the company’s stock, valued at approximately $5,431,200.16. This trade represents a 8.40% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.03% of the stock is owned by corporate insiders.

Lincoln National Company Profile

Lincoln National Corporation, operating under the Lincoln Financial Group brand, is a financial services company that provides insurance and retirement products primarily in the United States. Its businesses are designed to help individuals, employers and institutions manage financial protection, income and long-term savings needs.

The company offers life insurance and annuities, including products intended to provide death-benefit protection, retirement income and asset accumulation. Through its group protection business, Lincoln also provides employer-sponsored disability, dental, vision and leave-management solutions, as well as related workplace benefits and services.

Lincoln traces its history to the founding of The Lincoln National Life Insurance Company in Fort Wayne, Indiana, in 1905.