Lincoln National Corporation $LNC Stake Lowered by Capital Fund Management S.A.

Capital Fund Management S.A. trimmed its position in shares of Lincoln National Corporation (NYSE:LNC) by 30.7% in the 2nd quarter, Holdings Channel.com reports. The fund owned 194,581 shares of the financial services provider’s stock after selling 86,113 shares during the quarter. Capital Fund Management S.A.’s holdings in Lincoln National were worth $6,733,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. acquired a new position in Lincoln National in the 2nd quarter worth about $28,000. Ameritas Advisory Services LLC bought a new stake in shares of Lincoln National in the 2nd quarter valued at approximately $29,000. Brooklyn Investment Group increased its holdings in Lincoln National by 82.9% in the first quarter. Brooklyn Investment Group now owns 1,156 shares of the financial services provider’s stock worth $42,000 after buying an additional 524 shares during the last quarter. Friedenthal Financial bought a new position in Lincoln National during the second quarter valued at approximately $42,000. Finally, Hantz Financial Services Inc. lifted its stake in Lincoln National by 3,927.0% in the second quarter. Hantz Financial Services Inc. now owns 1,490 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 1,453 shares during the last quarter. Institutional investors and hedge funds own 72.81% of the company’s stock.

Lincoln National Trading Down 0.5%

Lincoln National stock opened at $41.14 on Monday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.26 and a current ratio of 0.26. The business’s 50-day simple moving average is $40.27 and its 200-day simple moving average is $37.89. The firm has a market capitalization of $7.81 billion, a PE ratio of 7.18, a PEG ratio of 0.50 and a beta of 1.49. Lincoln National Corporation has a 52 week low of $27.58 and a 52 week high of $43.66.

Lincoln National (NYSE:LNC) last announced its earnings results on Thursday, October 30th. The financial services provider reported $2.04 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.20. The firm had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.80 billion. Lincoln National had a return on equity of 19.14% and a net margin of 6.34%.During the same quarter in the prior year, the company earned $2.06 EPS. Equities research analysts forecast that Lincoln National Corporation will post 7.69 earnings per share for the current year.

Lincoln National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Monday, January 12th will be paid a $0.45 dividend. The ex-dividend date is Monday, January 12th. This represents a $1.80 annualized dividend and a dividend yield of 4.4%. Lincoln National’s dividend payout ratio (DPR) is presently 16.16%.

Analyst Ratings Changes

Several brokerages have recently commented on LNC. Keefe, Bruyette & Woods increased their price target on shares of Lincoln National from $43.00 to $44.00 and gave the stock a “market perform” rating in a research note on Monday, November 3rd. Piper Sandler reissued a “neutral” rating and set a $42.00 target price on shares of Lincoln National in a research report on Tuesday, October 7th. Zacks Research raised Lincoln National from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. Cfra Research raised Lincoln National to a “hold” rating in a report on Wednesday, August 6th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Lincoln National in a research note on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $43.40.

Insider Transactions at Lincoln National

In related news, Director Owen Ryan bought 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was purchased at an average cost of $42.17 per share, for a total transaction of $84,340.00. Following the purchase, the director directly owned 12,000 shares in the company, valued at $506,040. This trade represents a 20.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.51% of the company’s stock.

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.