Smith Graham & Co. Investment Advisors LP increased its position in Lincoln National Co. (NYSE:LNC) by 0.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,893 shares of the financial services provider’s stock after purchasing an additional 280 shares during the period. Smith Graham & Co. Investment Advisors LP’s holdings in Lincoln National were worth $5,784,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in LNC. Rational Advisors LLC lifted its stake in Lincoln National by 225.0% during the 2nd quarter. Rational Advisors LLC now owns 442 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 306 shares during the period. Reilly Financial Advisors LLC bought a new position in Lincoln National during the 3rd quarter valued at about $36,000. Meeder Asset Management Inc. bought a new position in Lincoln National during the 2nd quarter valued at about $39,000. Stonebridge Capital Advisors LLC bought a new position in Lincoln National during the 2nd quarter valued at about $44,000. Finally, CSat Investment Advisory L.P. lifted its stake in Lincoln National by 83.1% during the 2nd quarter. CSat Investment Advisory L.P. now owns 714 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 324 shares during the period. Institutional investors own 81.36% of the company’s stock.
Several equities analysts have issued reports on LNC shares. ValuEngine upgraded shares of Lincoln National from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Barclays set a $69.00 target price on shares of Lincoln National and gave the company a “buy” rating in a research note on Monday, August 12th. UBS Group increased their price objective on shares of Lincoln National from $55.00 to $56.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Wells Fargo & Co lowered their price objective on shares of Lincoln National from $69.00 to $65.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 8th. Finally, Morgan Stanley lowered their price objective on shares of Lincoln National from $76.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. Lincoln National has a consensus rating of “Buy” and an average target price of $73.09.
Lincoln National (NYSE:LNC) last issued its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $2.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.32 by $0.04. Lincoln National had a net margin of 8.74% and a return on equity of 11.85%. The firm had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.46 billion. During the same quarter in the prior year, the business earned $2.02 EPS. The business’s quarterly revenue was up 7.2% on a year-over-year basis. As a group, research analysts anticipate that Lincoln National Co. will post 9.29 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Wednesday, October 9th. Lincoln National’s dividend payout ratio (DPR) is presently 17.45%.
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 Annuities segment offers variable, fixed, and indexed variable annuities.
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