Janney Montgomery Scott LLC Has $986,000 Holdings in Lincoln National Co. (LNC)

Share on StockTwits

Janney Montgomery Scott LLC boosted its stake in shares of Lincoln National Co. (NYSE:LNC) by 113.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,216 shares of the financial services provider’s stock after buying an additional 10,234 shares during the period. Janney Montgomery Scott LLC’s holdings in Lincoln National were worth $986,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of LNC. JPMorgan Chase & Co. lifted its holdings in Lincoln National by 59.7% during the third quarter. JPMorgan Chase & Co. now owns 11,919,511 shares of the financial services provider’s stock worth $806,475,000 after buying an additional 4,457,743 shares during the period. Levin Capital Strategies L.P. lifted its holdings in Lincoln National by 22,593.4% during the third quarter. Levin Capital Strategies L.P. now owns 907,735 shares of the financial services provider’s stock worth $61,417,000 after buying an additional 903,735 shares during the period. Schroder Investment Management Group lifted its holdings in Lincoln National by 69.9% during the third quarter. Schroder Investment Management Group now owns 1,180,918 shares of the financial services provider’s stock worth $79,901,000 after buying an additional 486,050 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Lincoln National by 40.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,010,106 shares of the financial services provider’s stock worth $68,343,000 after purchasing an additional 288,841 shares in the last quarter. Finally, Lyrical Asset Management LP increased its position in shares of Lincoln National by 5.1% during the third quarter. Lyrical Asset Management LP now owns 5,068,451 shares of the financial services provider’s stock worth $342,931,000 after purchasing an additional 247,509 shares in the last quarter. Institutional investors own 79.43% of the company’s stock.

NYSE LNC opened at $62.55 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.19 and a current ratio of 0.19. Lincoln National Co. has a 1 year low of $48.07 and a 1 year high of $79.83. The firm has a market capitalization of $13.38 billion, a P/E ratio of 7.38, a PEG ratio of 0.76 and a beta of 1.90.

Lincoln National (NYSE:LNC) last released its earnings results on Wednesday, February 6th. The financial services provider reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.02. Lincoln National had a return on equity of 12.41% and a net margin of 9.92%. The firm had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same period in the prior year, the firm earned $1.98 EPS. The firm’s revenue was up 16.4% on a year-over-year basis. On average, analysts expect that Lincoln National Co. will post 9.18 earnings per share for the current fiscal year.

In related news, EVP Jamie Ohl sold 2,152 shares of the company’s stock in a transaction on Thursday, December 6th. The stock was sold at an average price of $58.00, for a total value of $124,816.00. Following the transaction, the executive vice president now directly owns 12,732 shares of the company’s stock, valued at approximately $738,456. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Dennis R. Glass sold 10,000 shares of the company’s stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $60.49, for a total value of $604,900.00. The disclosure for this sale can be found here. 6.31% of the stock is owned by corporate insiders.

A number of brokerages have recently issued reports on LNC. Bank of America reduced their price target on Lincoln National from $79.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, November 2nd. Zacks Investment Research raised Lincoln National from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a research report on Monday, December 10th. ValuEngine raised Lincoln National from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 13th. Deutsche Bank reduced their price target on Lincoln National from $74.00 to $73.00 and set a “buy” rating on the stock in a research report on Monday, November 5th. Finally, Keefe, Bruyette & Woods raised Lincoln National from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Monday, November 5th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. Lincoln National presently has an average rating of “Hold” and an average target price of $74.69.

WARNING: This story was first posted by Zolmax and is the property of of Zolmax. If you are accessing this story on another publication, it was copied illegally and reposted in violation of international copyright laws. The legal version of this story can be viewed at https://zolmax.com/investing/janney-montgomery-scott-llc-has-986000-holdings-in-lincoln-national-co-lnc/2918720.html.

Lincoln National Profile

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The company sells a range of wealth protection, accumulation, and retirement income products and solutions.

Further Reading: Preferred Stock

Want to see what other hedge funds are holding LNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lincoln National Co. (NYSE:LNC).

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

Receive News & Ratings for Lincoln National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lincoln National and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Amdocs Limited  to Issue Quarterly Dividend of $0.29 on  April 19th
Amdocs Limited to Issue Quarterly Dividend of $0.29 on April 19th
Chuy’s Holdings Inc  Director Sells $33,900.00 in Stock
Chuy’s Holdings Inc Director Sells $33,900.00 in Stock
Staffing 360 Solutions  Shares Gap Up to $2.16
Staffing 360 Solutions Shares Gap Up to $2.16
Illinois Tool Works Inc.  to Issue Quarterly Dividend of $1.00 on  April 10th
Illinois Tool Works Inc. to Issue Quarterly Dividend of $1.00 on April 10th
ABLE Price Tops $0.0003
ABLE Price Tops $0.0003
Vites Market Cap Hits $1.42 Million
Vites Market Cap Hits $1.42 Million


 
© 2006-2019 Zolmax.