Lingohr & Partner Asset Management GmbH lessened its holdings in Lincoln National Corporation (NYSE:LNC) by 0.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,001 shares of the financial services provider’s stock after selling 100 shares during the period. Lingohr & Partner Asset Management GmbH’s holdings in Lincoln National Corporation were worth $1,440,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. Strategic Global Advisors LLC acquired a new position in shares of Lincoln National Corporation in the 2nd quarter valued at $366,000. Laurion Capital Management LP lifted its stake in shares of Lincoln National Corporation by 2,842.9% in the 2nd quarter. Laurion Capital Management LP now owns 117,600 shares of the financial services provider’s stock valued at $7,947,000 after purchasing an additional 113,604 shares during the last quarter. Stevens Capital Management LP lifted its stake in shares of Lincoln National Corporation by 15.9% in the 2nd quarter. Stevens Capital Management LP now owns 142,251 shares of the financial services provider’s stock valued at $9,613,000 after purchasing an additional 19,505 shares during the last quarter. BlueMountain Capital Management LLC lifted its stake in shares of Lincoln National Corporation by 12.5% in the 2nd quarter. BlueMountain Capital Management LLC now owns 13,959 shares of the financial services provider’s stock valued at $943,000 after purchasing an additional 1,548 shares during the last quarter. Finally, Amalgamated Bank lifted its stake in shares of Lincoln National Corporation by 54.3% in the 2nd quarter. Amalgamated Bank now owns 25,824 shares of the financial services provider’s stock valued at $1,745,000 after purchasing an additional 9,085 shares during the last quarter. 79.87% of the stock is currently owned by institutional investors and hedge funds.

Shares of Lincoln National Corporation (LNC) traded up 0.62% during midday trading on Friday, reaching $69.61. The company’s stock had a trading volume of 1,868,518 shares. The firm has a market capitalization of $15.41 billion, a price-to-earnings ratio of 10.60 and a beta of 1.98. Lincoln National Corporation has a 52 week low of $44.74 and a 52 week high of $75.78. The firm’s 50 day moving average is $69.86 and its 200 day moving average is $67.88.

Lincoln National Corporation (NYSE:LNC) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.85 EPS for the quarter, topping the Zacks’ consensus estimate of $1.73 by $0.12. The company had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.56 billion. Lincoln National Corporation had a return on equity of 10.99% and a net margin of 10.85%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.56 earnings per share. Equities analysts forecast that Lincoln National Corporation will post $7.47 EPS for the current fiscal year.

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

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LNC has been the topic of several research analyst reports. Zacks Investment Research upgraded Lincoln National Corporation from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a report on Thursday, August 24th. BidaskClub downgraded Lincoln National Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Lincoln National Corporation in a report on Monday, June 26th. Royal Bank Of Canada boosted their price objective on Lincoln National Corporation from $77.00 to $83.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Finally, Wells Fargo & Company reiterated a “hold” rating on shares of Lincoln National Corporation in a report on Wednesday, August 2nd. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $73.80.

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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