Krilogy Financial LLC maintained its stake in Lincoln National Corporation (NYSE:LNC) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,420 shares of the financial services provider’s stock at the end of the first quarter. Krilogy Financial LLC’s holdings in Lincoln National Corporation were worth $227,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC raised its stake in Lincoln National Corporation by 0.3% in the first quarter. Quadrant Capital Group LLC now owns 3,965 shares of the financial services provider’s stock worth $255,000 after buying an additional 11 shares during the last quarter. Azimuth Capital Management LLC raised its stake in Lincoln National Corporation by 0.3% in the first quarter. Azimuth Capital Management LLC now owns 7,185 shares of the financial services provider’s stock worth $470,000 after buying an additional 25 shares during the last quarter. Stratford Consulting LLC raised its stake in Lincoln National Corporation by 0.4% in the first quarter. Stratford Consulting LLC now owns 6,405 shares of the financial services provider’s stock worth $419,000 after buying an additional 27 shares during the last quarter. Savant Capital LLC raised its stake in Lincoln National Corporation by 0.5% in the first quarter. Savant Capital LLC now owns 6,817 shares of the financial services provider’s stock worth $446,000 after buying an additional 37 shares during the last quarter. Finally, Tocqueville Asset Management L.P. raised its stake in Lincoln National Corporation by 1.3% in the first quarter. Tocqueville Asset Management L.P. now owns 4,842 shares of the financial services provider’s stock worth $317,000 after buying an additional 60 shares during the last quarter. 79.71% of the stock is owned by institutional investors and hedge funds.
Lincoln National Corporation (NYSE LNC) opened at 72.81 on Friday. Lincoln National Corporation has a 1-year low of $42.24 and a 1-year high of $73.31. The company has a market cap of $16.33 billion, a P/E ratio of 11.94 and a beta of 1.98. The stock’s 50 day moving average price is $69.21 and its 200 day moving average price is $67.74.
Lincoln National Corporation (NYSE:LNC) last posted its quarterly earnings data on Wednesday, May 3rd. The financial services provider reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.30. The company had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.54 billion. Lincoln National Corporation had a return on equity of 10.70% and a net margin of 10.43%. Lincoln National Corporation’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.25 earnings per share. On average, equities analysts anticipate that Lincoln National Corporation will post $7.34 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.59%. The ex-dividend date is Thursday, July 6th. Lincoln National Corporation’s dividend payout ratio is presently 19.14%.
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A number of research firms recently commented on LNC. BidaskClub lowered Lincoln National Corporation from a “buy” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research upgraded Lincoln National Corporation from a “hold” rating to a “strong-buy” rating and set a $81.00 price objective for the company in a research note on Tuesday, July 11th. Wells Fargo & Company restated a “hold” rating on shares of Lincoln National Corporation in a research note on Thursday, June 8th. Bank of America Corporation set a $78.00 price objective on Lincoln National Corporation in a research note on Tuesday, July 4th. Finally, Keefe, Bruyette & Woods restated a “hold” rating on shares of Lincoln National Corporation in a research note on Monday, June 26th. Six analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Lincoln National Corporation currently has an average rating of “Buy” and an average price target of $72.60.
In other Lincoln National Corporation news, Director Michael F. Mee sold 13,574 shares of the business’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $68.62, for a total transaction of $931,447.88. Following the completion of the sale, the director now owns 6,336 shares of the company’s stock, valued at $434,776.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael F. Mee sold 30,173 shares of the business’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $68.32, for a total value of $2,061,419.36. Following the sale, the director now directly owns 6,336 shares of the company’s stock, valued at approximately $432,875.52. The disclosure for this sale can be found here. Insiders have sold 57,693 shares of company stock valued at $3,899,915 in the last three months. 1.41% of the stock is currently owned by corporate insiders.
About Lincoln National Corporation
Lincoln National Corporation is a holding company, which operates insurance and retirement businesses through subsidiary companies. The Company sells a range of wealth protection, accumulation and retirement income products and solutions, through its business segments. The Company operates through four segments: Annuities segment, which offers fixed (including indexed) and variable annuities; Retirement Plan Services segment, which provides employers with retirement plan products and services; Life Insurance segment, which focuses on the creation and protection of wealth through life insurance products, and Group Protection, which offers principally group non-medical insurance products.
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