Lincoln National Corporation $LNC Stock Holdings Boosted by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP grew its stake in Lincoln National Corporation (NYSE:LNC) by 560.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,973 shares of the financial services provider’s stock after purchasing an additional 41,563 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Lincoln National were worth $2,004,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Robeco Institutional Asset Management B.V. boosted its holdings in Lincoln National by 73.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 266,680 shares of the financial services provider’s stock worth $10,737,000 after buying an additional 113,243 shares during the last quarter. State Street Corp boosted its stake in shares of Lincoln National by 3.6% in the second quarter. State Street Corp now owns 6,106,302 shares of the financial services provider’s stock worth $215,858,000 after acquiring an additional 215,007 shares during the last quarter. Susquehanna Fundamental Investments LLC boosted its stake in shares of Lincoln National by 557.5% in the second quarter. Susquehanna Fundamental Investments LLC now owns 158,004 shares of the financial services provider’s stock worth $5,585,000 after acquiring an additional 133,973 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Lincoln National during the second quarter worth approximately $63,112,000. Finally, Sei Investments Co. raised its stake in Lincoln National by 9.5% in the 1st quarter. Sei Investments Co. now owns 522,832 shares of the financial services provider’s stock valued at $18,561,000 after purchasing an additional 45,549 shares during the last quarter. Institutional investors and hedge funds own 72.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LNC. TD Cowen raised their price objective on Lincoln National from $37.00 to $42.00 and gave the company a “hold” rating in a report on Wednesday, July 22nd. National Bank Financial set a $49.00 target price on shares of Lincoln National in a research report on Wednesday, October 7th. Morgan Stanley lowered their price target on shares of Lincoln National from $50.00 to $47.00 and set an “overweight” rating on the stock in a research report on Monday, October 5th. Wells Fargo & Company upped their price objective on shares of Lincoln National from $52.00 to $54.00 and gave the company an “overweight” rating in a research note on Monday, October 12th. Finally, Bank of America reiterated a “neutral” rating and issued a $47.00 price objective on shares of Lincoln National in a report on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $48.67.

Insider Activity at Lincoln National

In other Lincoln National news, EVP Craigt T. Beazer sold 17,980 shares of Lincoln National stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $42.50, for a total transaction of $764,150.00. Following the transaction, the executive vice president directly owned 87,702 shares of the company’s stock, valued at $3,727,335. The trade was a 17.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP James Reid sold 52,434 shares of the business’s stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $39.26, for a total transaction of $2,058,558.84. Following the completion of the transaction, the executive vice president owned 129,533 shares in the company, valued at $5,085,465.58. The trade was a 28.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 98,914 shares of company stock valued at $4,024,989. 1.03% of the stock is owned by company insiders.

Lincoln National Stock Performance

NYSE LNC opened at $42.73 on Wednesday. The stock’s fifty day moving average is $41.52 and its two-hundred day moving average is $39.04. The firm has a market capitalization of $8.14 billion, a P/E ratio of 2.64, a price-to-earnings-growth ratio of 1.21 and a beta of 1.16. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.25 and a current ratio of 0.25. Lincoln National Corporation has a fifty-two week low of $32.18 and a fifty-two week high of $47.67.

Lincoln National (NYSE:LNC) last issued its earnings results on Thursday, November 5th. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.24). Lincoln National had a return on equity of 17.02% and a net margin of 16.36%. The company had revenue of $5.06 billion during the quarter, compared to analyst estimates of $4.97 billion. During the same period last year, the business earned $2.04 earnings per share. On average, research analysts anticipate that Lincoln National Corporation will post 7.89 earnings per share for the current year.

Lincoln National Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 1st. Stockholders of record on Monday, January 11th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, January 11th. This represents a $1.80 annualized dividend and a dividend yield of 4.2%. Lincoln National’s payout ratio is presently 11.12%.

Key Stories Impacting Lincoln National

Here are the key news stories impacting Lincoln National this week:

• Positive Sentiment: Barclays maintained its Buy rating on Lincoln National, providing a positive analyst signal. Broader analyst views remain mixed, with the stock carrying a consensus Hold rating. Barclays rating article
• Neutral Sentiment: Lincoln Financial announced a December dividend on its preferred stock. This is a routine distribution and does not by itself indicate a change in the company’s outlook. Preferred stock dividend announcement
• Negative Sentiment: Three executive vice presidents reported selling a combined 87,914 LNC shares for about $3.53 million. James Reid sold 52,434 shares, Sean Woodroffe sold 17,500, and Craig Beazer sold 17,980; each reduced their holdings but continued to own shares. Multiple insider sales can concern investors, although the filings do not establish the motivation for the trades. Reid SEC filing Woodroffe SEC filing Beazer SEC filing

About Lincoln National

Lincoln National Corporation, operating as Lincoln Financial Group, is a financial services and insurance company whose businesses focus on protecting income and helping individuals and employers plan for financial needs. Its offerings include life insurance, annuities, workplace benefits and retirement plan services. The company serves individuals, employers and retirement plan participants primarily in the United States. Its workplace protection products include benefits such as disability and life insurance, while its retirement services support employers and employees with workplace savings plans.