Schwab Charles Investment Management Inc. raised its stake in Lincoln National Corporation (NYSE:LNC) by 3.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 777,502 shares of the financial services provider’s stock after buying an additional 23,278 shares during the period. Schwab Charles Investment Management Inc. owned about 0.35% of Lincoln National Corporation worth $52,544,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of LNC. Macquarie Group Ltd. increased its holdings in shares of Lincoln National Corporation by 26.0% in the 4th quarter. Macquarie Group Ltd. now owns 9,600 shares of the financial services provider’s stock worth $637,000 after buying an additional 1,982 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Lincoln National Corporation by 1.4% in the 1st quarter. Russell Investments Group Ltd. now owns 126,797 shares of the financial services provider’s stock worth $8,300,000 after buying an additional 1,777 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp bought a new position in shares of Lincoln National Corporation in the 1st quarter worth $472,000. Sumitomo Mitsui Asset Management Company LTD increased its holdings in shares of Lincoln National Corporation by 10.1% in the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 19,664 shares of the financial services provider’s stock worth $1,287,000 after buying an additional 1,797 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in shares of Lincoln National Corporation by 996.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 160,645 shares of the financial services provider’s stock worth $10,514,000 after buying an additional 146,000 shares during the last quarter. 79.87% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on LNC. Bank of America Corporation set a $78.00 price objective on shares of Lincoln National Corporation in a research note on Tuesday, July 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 “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Lincoln National Corporation in a research note on Monday, June 26th. Finally, Wells Fargo & Company reaffirmed a “hold” rating on shares of Lincoln National Corporation in a research note on Thursday, June 8th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Lincoln National Corporation currently has an average rating of “Hold” and an average target price of $73.40.

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Shares of Lincoln National Corporation (NYSE LNC) opened at 68.94 on Tuesday. The stock has a market cap of $15.27 billion, a PE ratio of 10.50 and a beta of 1.98. Lincoln National Corporation has a 12 month low of $44.74 and a 12 month high of $75.78. The firm’s 50-day moving average is $70.81 and its 200 day moving average is $68.15.

Lincoln National Corporation (NYSE:LNC) last posted its quarterly earnings data 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 net margin of 10.85% and a return on equity of 10.99%. The business had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.56 billion. During the same quarter in the previous year, the business posted $1.56 earnings per share. The business’s revenue was up 8.2% compared to the same quarter last year. On average, equities analysts predict 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. Shareholders of record on Tuesday, October 10th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Friday, October 6th. Lincoln National Corporation’s dividend payout ratio (DPR) is 17.79%.

Lincoln National Corporation 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.

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

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