Cibc World Markets Corp grew its position in Lincoln National Corporation (NYSE:LNC) by 34.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,701 shares of the financial services provider’s stock after buying an additional 8,176 shares during the quarter. Cibc World Markets Corp’s holdings in Lincoln National Corporation were worth $2,142,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Azimuth Capital Management LLC raised its position in shares of Lincoln National Corporation by 0.3% in the 1st quarter. Azimuth Capital Management LLC now owns 7,185 shares of the financial services provider’s stock valued at $470,000 after buying an additional 25 shares in the last quarter. Stratford Consulting LLC raised its position in shares of Lincoln National Corporation by 0.4% in the 2nd quarter. Stratford Consulting LLC now owns 6,432 shares of the financial services provider’s stock valued at $435,000 after buying an additional 27 shares in the last quarter. Savant Capital LLC raised its position in shares of Lincoln National Corporation by 0.4% in the 2nd quarter. Savant Capital LLC now owns 6,847 shares of the financial services provider’s stock valued at $463,000 after buying an additional 30 shares in the last quarter. Financial Architects Inc raised its position in shares of Lincoln National Corporation by 2.3% in the 2nd quarter. Financial Architects Inc now owns 2,968 shares of the financial services provider’s stock valued at $201,000 after buying an additional 68 shares in the last quarter. Finally, Intrust Bank NA raised its position in shares of Lincoln National Corporation by 0.7% in the 2nd quarter. Intrust Bank NA now owns 10,550 shares of the financial services provider’s stock valued at $713,000 after buying an additional 71 shares in the last quarter. Institutional investors own 79.85% of the company’s stock.

Lincoln National Corporation (NYSE:LNC) opened at 73.48 on Friday. Lincoln National Corporation has a 52-week low of $44.74 and a 52-week high of $75.78. The company’s 50-day moving average is $69.75 and its 200-day moving average is $67.84. The firm has a market capitalization of $16.27 billion, a PE ratio of 11.19 and a beta of 1.98.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Investors 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 yield of 1.58%. The ex-dividend date is Friday, October 6th. Lincoln National Corporation’s dividend payout ratio is currently 17.79%.

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Several equities analysts have recently commented on LNC shares. Zacks Investment Research cut shares of Lincoln National Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. 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 Thursday, June 8th. Bank of America Corporation set a $78.00 target price on shares of Lincoln National Corporation in a research report on Tuesday, July 4th. Finally, BidaskClub cut shares of Lincoln National Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $74.50.

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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