Tocqueville Asset Management L.P. cut its stake in shares of Lincoln National Corporation (NYSE:LNC) by 6.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,545 shares of the financial services provider’s stock after selling 297 shares during the period. Tocqueville Asset Management L.P.’s holdings in Lincoln National Corporation were worth $307,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in LNC. Advisor Partners LLC raised its stake in shares of Lincoln National Corporation by 1.2% in the first quarter. Advisor Partners LLC now owns 10,363 shares of the financial services provider’s stock valued at $678,000 after buying an additional 126 shares in the last quarter. Stratford Consulting LLC raised its stake in shares of 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 valued at $419,000 after buying an additional 27 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Lincoln National Corporation by 996.9% in the first quarter. Canada Pension Plan Investment Board now owns 160,645 shares of the financial services provider’s stock valued at $10,514,000 after buying an additional 146,000 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its stake in shares of Lincoln National Corporation by 2.8% in the first quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 35,830 shares of the financial services provider’s stock valued at $2,345,000 after buying an additional 980 shares in the last quarter. Finally, North Star Investment Management Corp. raised its stake in shares of Lincoln National Corporation by 17.7% in the first quarter. North Star Investment Management Corp. now owns 3,866 shares of the financial services provider’s stock valued at $253,000 after buying an additional 580 shares in the last quarter. 79.89% of the stock is owned by hedge funds and other institutional investors.

Shares of Lincoln National Corporation (NYSE:LNC) opened at 67.78 on Thursday. Lincoln National Corporation has a 52-week low of $44.74 and a 52-week high of $75.78. The firm has a market capitalization of $15.01 billion, a P/E ratio of 10.33 and a beta of 1.99. The firm has a 50-day moving average price of $71.19 and a 200-day moving average price of $68.22.

Lincoln National Corporation (NYSE:LNC) last posted its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.85 EPS for the quarter, beating the Zacks’ 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 period in the prior year, the firm posted $1.56 EPS. The company’s quarterly revenue was up 8.2% on a year-over-year basis. On average, equities research analysts anticipate 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. Stockholders of record on Tuesday, October 10th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Friday, October 6th. Lincoln National Corporation’s dividend payout ratio is currently 17.79%.

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Several brokerages recently weighed in on LNC. Zacks Investment Research raised Lincoln National Corporation from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a report on Tuesday, August 8th. BidaskClub upgraded Lincoln National Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Wells Fargo & Company restated a “hold” rating on shares of Lincoln National Corporation in a research note on Wednesday, August 2nd. Royal Bank Of Canada lifted their target price on Lincoln National Corporation from $77.00 to $83.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Finally, Barclays PLC lifted their target price on Lincoln National Corporation from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, August 11th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $73.40.

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.

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

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