Sentry Investment Management LLC Maintains Stake in Lincoln National Corporation (LNC)
Sentry Investment Management LLC held its stake in shares of Lincoln National Corporation (NYSE:LNC) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,529 shares of the financial services provider’s stock at the end of the second quarter. Sentry Investment Management LLC’s holdings in Lincoln National Corporation were worth $1,117,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Trust Co. of Vermont bought a new position in shares of Lincoln National Corporation during the 2nd quarter worth approximately $101,000. Sun Life Financial INC grew its stake in shares of Lincoln National Corporation by 20,600.0% during the 2nd quarter. Sun Life Financial INC now owns 1,656 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 1,648 shares in the last quarter. D.A. Davidson & CO. grew its stake in shares of Lincoln National Corporation by 8.6% during the 2nd quarter. D.A. Davidson & CO. now owns 1,726 shares of the financial services provider’s stock worth $116,000 after acquiring an additional 136 shares in the last quarter. Balentine LLC grew its stake in shares of Lincoln National Corporation by 120.4% during the 1st quarter. Balentine LLC now owns 2,965 shares of the financial services provider’s stock worth $194,000 after acquiring an additional 1,620 shares in the last quarter. Finally, Stratos Wealth Partners LTD. bought a new position in shares of Lincoln National Corporation during the 2nd quarter worth approximately $200,000. 79.80% of the stock is owned by institutional investors.
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Lincoln National Corporation (NYSE LNC) traded down 0.75% during trading on Thursday, hitting $73.99. 94,370 shares of the company traded hands. The stock has a 50-day moving average price of $71.76 and a 200-day moving average price of $68.94. The firm has a market capitalization of $16.38 billion, a P/E ratio of 11.27 and a beta of 1.99. Lincoln National Corporation has a 12-month low of $47.71 and a 12-month high of $76.10.
Lincoln National Corporation (NYSE:LNC) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.12. Lincoln National Corporation had a return on equity of 10.99% and a net margin of 10.85%. The business had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.56 billion. During the same period in the prior year, the business posted $1.56 earnings per share. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. Equities analysts expect that Lincoln National Corporation will post $7.49 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 given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.16 dividend on an annualized basis and a yield of 1.56%. Lincoln National Corporation’s dividend payout ratio (DPR) is presently 17.79%.
Several equities analysts have recently weighed in on LNC shares. Bank of America Corporation set a $78.00 price target 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 $83.00 price target for the company in a research note on Tuesday, August 8th. BidaskClub raised shares of Lincoln National Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Citigroup Inc. reaffirmed a “buy” rating and set a $83.00 price target (up from $82.00) on shares of Lincoln National Corporation in a research note on Thursday, September 14th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $83.00 price target on shares of Lincoln National Corporation in a research note on Tuesday, October 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $76.50.
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.
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