Raymond James Trust N.A. cut its stake in Lincoln National Corporation (NYSE:LNC) by 0.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,519 shares of the financial services provider’s stock after selling 16 shares during the period. Raymond James Trust N.A.’s holdings in Lincoln National Corporation were worth $440,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Stephens Inc. AR grew its position in Lincoln National Corporation by 3.9% in the second quarter. Stephens Inc. AR now owns 10,313 shares of the financial services provider’s stock worth $697,000 after acquiring an additional 387 shares in the last quarter. Riverhead Capital Management LLC grew its position in Lincoln National Corporation by 83.7% in the second quarter. Riverhead Capital Management LLC now owns 186,186 shares of the financial services provider’s stock worth $12,582,000 after acquiring an additional 84,816 shares in the last quarter. Dai Ichi Life Insurance Company Ltd grew its position in Lincoln National Corporation by 42.2% in the second quarter. Dai Ichi Life Insurance Company Ltd now owns 82,507 shares of the financial services provider’s stock worth $5,576,000 after acquiring an additional 24,499 shares in the last quarter. Capital Fund Management S.A. grew its position in Lincoln National Corporation by 631.6% in the second quarter. Capital Fund Management S.A. now owns 23,392 shares of the financial services provider’s stock worth $1,581,000 after acquiring an additional 27,792 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in Lincoln National Corporation by 6.3% in the second quarter. Alliancebernstein L.P. now owns 500,750 shares of the financial services provider’s stock worth $33,841,000 after acquiring an additional 29,524 shares in the last quarter. Institutional investors own 79.87% of the company’s stock.

Several research analysts recently issued reports on LNC shares. BidaskClub lowered shares of Lincoln National Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 12th. Keefe, Bruyette & Woods restated a “hold” rating on shares of Lincoln National Corporation in a research report on Monday, June 26th. Wells Fargo & Company restated a “hold” rating on shares of Lincoln National Corporation in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Lincoln National Corporation from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a research report on Tuesday, September 12th. Finally, Citigroup Inc. restated a “buy” rating and set a $83.00 price target (up from $82.00) on shares of Lincoln National Corporation in a research report on Thursday. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $73.80.

Shares of Lincoln National Corporation (NYSE LNC) opened at 69.61 on Friday. Lincoln National Corporation has a 12-month low of $44.74 and a 12-month high of $75.78. The stock’s 50 day moving average is $69.86 and its 200-day moving average is $67.88. The stock 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 (NYSE:LNC) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.85 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.56 billion. During the same period in the previous year, the company earned $1.56 EPS. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, analysts expect that Lincoln National Corporation will post $7.47 earnings per share for the current year.

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

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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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