Sentinel Trust Co. LBA reduced its position in Lincoln National Corporation (NYSE:LNC) by 29.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 46,206 shares of the financial services provider’s stock after selling 19,129 shares during the period. Sentinel Trust Co. LBA’s holdings in Lincoln National Corporation were worth $3,123,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Ibex Wealth Advisors purchased a new stake in shares of Lincoln National Corporation during the fourth quarter worth about $2,998,000. UBS Asset Management Americas Inc. boosted its stake in shares of Lincoln National Corporation by 104.2% in the fourth quarter. UBS Asset Management Americas Inc. now owns 3,086,835 shares of the financial services provider’s stock worth $204,564,000 after buying an additional 1,575,438 shares during the period. Pegasus Partners Ltd. boosted its stake in shares of Lincoln National Corporation by 7.8% in the fourth quarter. Pegasus Partners Ltd. now owns 16,989 shares of the financial services provider’s stock worth $1,126,000 after buying an additional 1,224 shares during the period. Teachers Advisors LLC boosted its stake in shares of Lincoln National Corporation by 95.5% in the fourth quarter. Teachers Advisors LLC now owns 623,598 shares of the financial services provider’s stock worth $41,326,000 after buying an additional 304,584 shares during the period. Finally, Kentucky Retirement Systems purchased a new stake in shares of Lincoln National Corporation during the fourth quarter worth about $1,099,000. 79.85% of the stock is owned by hedge funds and other institutional investors.

Lincoln National Corporation (NYSE LNC) traded up 0.03% during trading on Friday, reaching $70.74. 275,867 shares of the company traded hands. The firm has a 50-day moving average price of $68.08 and a 200-day moving average price of $67.54. Lincoln National Corporation has a 52 week low of $42.24 and a 52 week high of $73.31. The company has a market capitalization of $15.87 billion, a P/E ratio of 11.60 and a beta of 1.98.

Lincoln National Corporation (NYSE:LNC) last released its earnings results on Wednesday, May 3rd. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.30. Lincoln National Corporation had a net margin of 10.43% and a return on equity of 10.70%. The business had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same quarter in the prior year, the firm earned $1.25 earnings per share. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. Analysts forecast that Lincoln National Corporation will post $7.34 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Monday, July 10th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Thursday, July 6th. Lincoln National Corporation’s dividend payout ratio is currently 19.14%.

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LNC has been the subject of a number of analyst reports. Bank of America Corporation raised shares of Lincoln National Corporation from a “neutral” rating to a “buy” rating and set a $78.00 price objective for the company in a research note on Thursday, April 6th. They noted that the move was a valuation call. Wells Fargo & Company reissued a “hold” rating on shares of Lincoln National Corporation in a research note on Thursday, May 4th. Zacks Investment Research raised shares of Lincoln National Corporation from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Monday, June 5th. BidaskClub raised shares of Lincoln National Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating on shares of Lincoln National Corporation in a research note on Monday, June 26th. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Lincoln National Corporation currently has a consensus rating of “Buy” and a consensus target price of $72.60.

In related news, Director Michael F. Mee sold 13,574 shares of the company’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $68.62, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael F. Mee sold 30,173 shares of the company’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $68.32, for a total transaction of $2,061,419.36. Following the completion of 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 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 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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Institutional Ownership by Quarter for Lincoln National Corporation (NYSE:LNC)

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