International Assets Investment Management LLC Has $838,000 Stock Holdings in Lincoln National Corporation $LNC

International Assets Investment Management LLC cut its position in Lincoln National Corporation (NYSE:LNC) by 49.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,213 shares of the financial services provider’s stock after selling 24,143 shares during the period. International Assets Investment Management LLC’s holdings in Lincoln National were worth $838,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Lincoln National in the second quarter worth $2,858,000. Huntleigh Advisors Inc. raised its holdings in Lincoln National by 1.2% in the second quarter. Huntleigh Advisors Inc. now owns 40,098 shares of the financial services provider’s stock worth $1,387,000 after purchasing an additional 494 shares during the period. Oxbow Advisors LLC acquired a new stake in Lincoln National in the second quarter worth $6,590,000. Bayforest Capital Ltd acquired a new stake in Lincoln National in the second quarter worth $186,000. Finally, NorthRock Partners LLC raised its holdings in Lincoln National by 9.6% in the second quarter. NorthRock Partners LLC now owns 10,302 shares of the financial services provider’s stock worth $356,000 after purchasing an additional 906 shares during the period. 72.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Lincoln National news, EVP John Christopher Kennedy sold 5,000 shares of Lincoln National stock in a transaction dated 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 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is owned by company insiders.

Lincoln National Stock Performance

Shares of LNC opened at $39.02 on Tuesday. The firm has a 50-day moving average of $40.83 and a 200-day moving average of $36.06. Lincoln National Corporation has a one year low of $27.58 and a one year high of $43.66. The company has a market cap of $7.40 billion, a PE ratio of 6.81, a price-to-earnings-growth ratio of 0.49 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 posted its earnings results on Thursday, July 31st. The financial services provider reported $2.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.45. The company had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.65 billion. Lincoln National had a net margin of 6.34% and a return on equity of 19.14%. During the same quarter last year, the company posted $1.87 EPS. As a group, equities analysts forecast that Lincoln National Corporation will post 7.69 earnings per share for the current year.

Lincoln National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be paid a $0.45 dividend. The ex-dividend date is Friday, October 10th. This represents a $1.80 annualized dividend and a yield of 4.6%. Lincoln National’s payout ratio is 31.41%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Morgan Stanley cut their target price on shares of Lincoln National from $58.00 to $53.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Piper Sandler reissued a “neutral” rating and set a $42.00 price objective on shares of Lincoln National in a research report on Tuesday, October 7th. Wells Fargo & Company increased their price objective on shares of Lincoln National from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Lincoln National in a research report on Wednesday, October 8th. Finally, Evercore ISI increased their price objective on shares of Lincoln National from $45.00 to $46.00 and gave the stock an “in-line” rating in a research report on Thursday, October 9th. One equities research analyst has rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $43.09.

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.