Lincoln National Corporation (LNC) Position Increased by Phillips Financial Management LLC

Phillips Financial Management LLC boosted its stake in Lincoln National Corporation (NYSE:LNC) by 0.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,860 shares of the financial services provider’s stock after buying an additional 1 shares during the quarter. Phillips Financial Management LLC’s holdings in Lincoln National Corporation were worth $1,292,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in LNC. BlackRock Inc. boosted its stake in Lincoln National Corporation by 2,922.6% in the 1st quarter. BlackRock Inc. now owns 18,418,766 shares of the financial services provider’s stock valued at $1,205,509,000 after buying an additional 17,809,394 shares in the last quarter. Vanguard Group Inc. boosted its stake in Lincoln National Corporation by 5.6% in the 1st quarter. Vanguard Group Inc. now owns 22,884,373 shares of the financial services provider’s stock valued at $1,497,782,000 after buying an additional 1,215,192 shares in the last quarter. Teachers Advisors LLC boosted its stake in Lincoln National Corporation by 158.6% in the 1st quarter. Teachers Advisors LLC now owns 1,612,351 shares of the financial services provider’s stock valued at $105,528,000 after buying an additional 988,753 shares in the last quarter. Janus Capital Management LLC boosted its stake in Lincoln National Corporation by 3,586.0% in the 1st quarter. Janus Capital Management LLC now owns 990,323 shares of the financial services provider’s stock valued at $64,817,000 after buying an additional 963,456 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Lincoln National Corporation by 32.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,537,245 shares of the financial services provider’s stock valued at $239,047,000 after buying an additional 857,436 shares in the last quarter. 79.85% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently commented on LNC. Zacks Investment Research raised Lincoln National Corporation from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research note on Tuesday, August 8th. BidaskClub raised Lincoln National Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Wells Fargo & Company reissued a “hold” rating on shares of Lincoln National Corporation in a research note on Wednesday, August 2nd. Royal Bank Of Canada boosted their price objective on Lincoln National Corporation from $77.00 to $83.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Finally, Barclays PLC boosted their price objective on Lincoln National Corporation from $84.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, August 11th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $73.80.

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Lincoln National Corporation (NYSE LNC) traded up 0.91% during midday trading on Monday, hitting $70.24. The stock had a trading volume of 136,777 shares. Lincoln National Corporation has a 52 week low of $44.74 and a 52 week high of $75.78. The company’s 50-day moving average price is $69.86 and its 200 day moving average price is $67.88. The company has a market capitalization of $15.55 billion, a PE ratio of 10.70 and a beta of 1.98.

Lincoln National Corporation (NYSE:LNC) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $1.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.73 by $0.12. Lincoln National Corporation had a return on equity of 10.99% and a net margin of 10.85%. The firm had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.56 billion. During the same quarter last year, the business posted $1.56 EPS. The company’s 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 company also recently disclosed 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 of this dividend is Friday, October 6th. Lincoln National Corporation’s dividend payout ratio (DPR) is 17.79%.

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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