Hsbc Holdings PLC Has $60.49 Million Stock Holdings in Lincoln National Corporation $LNC

Hsbc Holdings PLC raised its stake in Lincoln National Corporation (NYSE:LNC) by 10.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,360,587 shares of the financial services provider’s stock after purchasing an additional 133,388 shares during the period. Hsbc Holdings PLC’s holdings in Lincoln National were worth $60,495,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. JPL Wealth Management LLC bought a new position in shares of Lincoln National during the 3rd quarter worth about $29,000. V Square Quantitative Management LLC bought a new stake in Lincoln National in the 4th quarter valued at about $31,000. Transamerica Financial Advisors LLC acquired a new position in Lincoln National during the 4th quarter worth approximately $32,000. Los Angeles Capital Management LLC acquired a new position in Lincoln National during the 4th quarter worth approximately $34,000. Finally, Laurel Wealth Advisors LLC bought a new position in Lincoln National in the fourth quarter worth approximately $38,000. Institutional investors and hedge funds own 72.81% of the company’s stock.

Lincoln National Stock Performance

Shares of LNC opened at $36.95 on Monday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.25 and a current ratio of 0.25. The stock has a 50 day moving average price of $36.08 and a two-hundred day moving average price of $37.96. The firm has a market capitalization of $7.06 billion, a P/E ratio of 4.29, a P/E/G ratio of 2.37 and a beta of 1.17. Lincoln National Corporation has a 52 week low of $32.18 and a 52 week high of $46.82.

Lincoln National (NYSE:LNC) last posted its earnings results on Thursday, May 7th. The financial services provider reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.08. The company had revenue of $4.87 billion for the quarter, compared to analyst estimates of $4.93 billion. Lincoln National had a return on equity of 18.07% and a net margin of 9.17%.The company’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter last year, the company earned $1.60 earnings per share. Equities analysts forecast that Lincoln National Corporation will post 7.73 earnings per share for the current fiscal year.

Lincoln National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Friday, July 10th. Lincoln National’s dividend payout ratio is presently 20.88%.

Insiders Place Their Bets

In other Lincoln National news, EVP Craigt T. Beazer sold 30,000 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $34.45, for a total transaction of $1,033,500.00. Following the transaction, the executive vice president directly owned 103,906 shares in the company, valued at approximately $3,579,561.70. This trade represents a 22.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.03% of the company’s stock.

Analysts Set New Price Targets

LNC has been the subject of a number of research reports. Weiss Ratings cut Lincoln National from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. cut their target price on Lincoln National from $42.00 to $40.00 and set an “underweight” rating on the stock in a report on Thursday, May 7th. TD Cowen reduced their price target on shares of Lincoln National from $43.00 to $38.00 and set a “hold” rating for the company in a research report on Monday, March 9th. Bank of America reduced their price target on shares of Lincoln National from $41.00 to $37.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Finally, Morgan Stanley lowered their price objective on shares of Lincoln National from $43.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $43.00.

Lincoln National Profile

Lincoln National Corporation, doing business as Lincoln Financial Group, is a diversified financial services holding company focused on providing retirement, insurance, and wealth management solutions in the United States and select international markets. Headquartered in Radnor, Pennsylvania, the company operates through several business segments, including Retirement Plan Services, Life Insurance, and Group Protection. Its offerings are designed to help individuals, families, and institutions plan and prepare for their financial futures.

The Retirement Plan Services segment delivers recordkeeping, administrative services, and investment management for defined contribution and defined benefit plans.