Lincoln National Corporation (NYSE:LNC) Stock Holdings Increased by Blair William & Co. IL

Blair William & Co. IL increased its holdings in Lincoln National Corporation (NYSE:LNC) by 10.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,986 shares of the financial services provider’s stock after purchasing an additional 1,102 shares during the quarter. Blair William & Co. IL’s holdings in Lincoln National were worth $430,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in LNC. Balyasny Asset Management L.P. raised its holdings in shares of Lincoln National by 301.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,522,195 shares of the financial services provider’s stock worth $48,269,000 after purchasing an additional 1,142,759 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Lincoln National by 1,818.4% during the first quarter. SG Americas Securities LLC now owns 661,972 shares of the financial services provider’s stock valued at $23,771,000 after acquiring an additional 627,466 shares during the period. First Trust Advisors LP raised its holdings in shares of Lincoln National by 53.1% during the fourth quarter. First Trust Advisors LP now owns 1,258,512 shares of the financial services provider’s stock valued at $39,907,000 after acquiring an additional 436,462 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Lincoln National by 141.2% during the first quarter. Assenagon Asset Management S.A. now owns 673,095 shares of the financial services provider’s stock valued at $24,171,000 after acquiring an additional 394,028 shares during the period. Finally, Vest Financial LLC acquired a new stake in shares of Lincoln National during the first quarter valued at approximately $11,379,000. 72.81% of the stock is currently owned by institutional investors.

Lincoln National Stock Performance

Shares of LNC opened at $38.25 on Tuesday. The company’s 50 day moving average price is $34.63 and its 200 day moving average price is $34.52. Lincoln National Corporation has a 52 week low of $27.58 and a 52 week high of $39.85. The company has a market capitalization of $7.25 billion, a PE ratio of 6.68, a PEG ratio of 0.53 and a beta of 1.42. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.26 and a current ratio of 0.26.

Lincoln National (NYSE:LNC) last announced its quarterly earnings data on Thursday, July 31st. The financial services provider reported $2.36 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.45. The firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $4.65 billion. Lincoln National had a net margin of 6.34% and a return on equity of 19.14%. During the same period in the previous year, the firm posted $1.87 earnings per share. Research analysts expect that Lincoln National Corporation will post 7.69 EPS for the current fiscal year.

Lincoln National Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Thursday, July 10th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Thursday, July 10th. Lincoln National’s payout ratio is currently 31.41%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on LNC shares. Piper Sandler cut their price target on shares of Lincoln National from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, May 9th. Barclays boosted their price target on shares of Lincoln National from $38.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday, May 9th. Cfra Research upgraded shares of Lincoln National to a “hold” rating in a report on Wednesday, August 6th. Morgan Stanley boosted their price target on shares of Lincoln National from $32.00 to $38.00 and gave the company an “equal weight” rating in a report on Monday, May 19th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Lincoln National from $40.00 to $42.00 and gave the company a “market perform” rating in a research report on Monday, August 4th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $39.22.

Insiders Place Their Bets

In other Lincoln National news, EVP John Christopher Kennedy sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $39.29, for a total value of $196,450.00. Following the completion of the sale, the executive vice president directly owned 123,815 shares of the company’s stock, valued at $4,864,691.35. The trade was a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Brian Kroll sold 10,075 shares of the business’s stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $33.10, for a total transaction of $333,482.50. Following the completion of the sale, the executive vice president directly owned 48,743 shares of the company’s stock, valued at $1,613,393.30. This represents a 17.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 58,697 shares of company stock valued at $1,959,862 over the last ninety days. Corporate insiders own 0.54% 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.