Cambridge Investment Research Advisors Inc. Decreases Holdings in Lincoln National Corporation (LNC)

Cambridge Investment Research Advisors Inc. lessened its stake in shares of Lincoln National Corporation (NYSE:LNC) by 0.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,119 shares of the financial services provider’s stock after selling 17 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Lincoln National Corporation were worth $346,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of LNC. Trust Co. of Vermont bought a new stake in shares of Lincoln National Corporation during the second quarter worth $101,000. SRS Capital Advisors Inc. grew its stake in shares of Lincoln National Corporation by 15.9% during the first quarter. SRS Capital Advisors Inc. now owns 2,073 shares of the financial services provider’s stock worth $135,000 after buying an additional 285 shares during the last quarter. Balentine LLC grew its stake in shares of Lincoln National Corporation by 120.4% during the first quarter. Balentine LLC now owns 2,965 shares of the financial services provider’s stock worth $194,000 after buying an additional 1,620 shares during the last quarter. Stratos Wealth Partners LTD. bought a new stake in shares of Lincoln National Corporation during the second quarter worth $200,000. Finally, Financial Architects Inc grew its stake in shares of Lincoln National Corporation by 2.3% during the second quarter. Financial Architects Inc now owns 2,968 shares of the financial services provider’s stock worth $201,000 after buying an additional 68 shares during the last quarter. 79.87% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have weighed in on LNC. Zacks Investment Research raised shares of Lincoln National Corporation from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a research note on Thursday, August 24th. Bank of America Corporation set a $78.00 target price on shares of Lincoln National Corporation in a research note on Tuesday, July 4th. Royal Bank Of Canada boosted their target price on shares of Lincoln National Corporation from $77.00 to $83.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Lincoln National Corporation in a research note on Thursday, June 8th. Finally, BidaskClub cut shares of Lincoln National Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $73.80.

Shares of Lincoln National Corporation (NYSE LNC) opened at 69.61 on Friday. The company has a 50 day moving average of $69.86 and a 200 day moving average of $67.88. Lincoln National Corporation has a 52 week low of $44.74 and a 52 week high of $75.78. The company has a market cap of $15.41 billion, a PE ratio of 10.60 and a beta of 1.98.

Lincoln National Corporation (NYSE:LNC) last released its earnings results on Wednesday, August 2nd. The financial services provider reported $1.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.73 by $0.12. Lincoln National Corporation had a net margin of 10.85% and a return on equity of 10.99%. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.56 billion. During the same quarter last year, the firm earned $1.56 EPS. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, analysts expect that Lincoln National Corporation will post $7.47 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Friday, October 6th. Lincoln National Corporation’s dividend payout ratio is currently 17.79%.

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Lincoln National Corporation Company Profile

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.

Institutional Ownership by Quarter for Lincoln National Corporation (NYSE:LNC)

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