Victory Capital Management Inc. Increases Position in Lincoln National Corporation (LNC)
Victory Capital Management Inc. boosted its position in Lincoln National Corporation (NYSE:LNC) by 26.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 81,517 shares of the financial services provider’s stock after acquiring an additional 17,060 shares during the period. Victory Capital Management Inc.’s holdings in Lincoln National Corporation were worth $5,989,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Sun Life Financial INC raised its stake in Lincoln National Corporation by 20,600.0% in the 2nd quarter. Sun Life Financial INC now owns 1,656 shares of the financial services provider’s stock valued at $112,000 after acquiring an additional 1,648 shares during the period. D.A. Davidson & CO. raised its stake in Lincoln National Corporation by 8.6% in the 2nd quarter. D.A. Davidson & CO. now owns 1,726 shares of the financial services provider’s stock valued at $116,000 after acquiring an additional 136 shares during the period. Stratos Wealth Partners LTD. bought a new stake in Lincoln National Corporation in the 2nd quarter valued at about $200,000. Financial Architects Inc raised its stake in 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 acquiring an additional 68 shares during the period. Finally, Bowen Hanes & Co. Inc. bought a new stake in Lincoln National Corporation in the 2nd quarter valued at about $201,000. Institutional investors and hedge funds own 81.03% of the company’s stock.
A number of brokerages recently issued reports on LNC. Morgan Stanley boosted their price objective on Lincoln National Corporation from $77.00 to $79.00 and gave the company an “equal weight” rating in a research note on Thursday, November 2nd. B. Riley restated a “neutral” rating on shares of Lincoln National Corporation in a research note on Monday, November 6th. Goldman Sachs Group, Inc. (The) started coverage on Lincoln National Corporation in a report on Wednesday, October 18th. They set a “sell” rating and a $71.00 target price for the company. Royal Bank Of Canada reaffirmed a “buy” rating and set a $83.00 target price on shares of Lincoln National Corporation in a report on Tuesday, October 10th. Finally, ValuEngine lowered Lincoln National Corporation from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $76.70.
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Lincoln National Corporation (NYSE:LNC) opened at $73.95 on Thursday. Lincoln National Corporation has a twelve month low of $60.79 and a twelve month high of $77.46. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $16,070.83, a PE ratio of 9.70, a PEG ratio of 1.11 and a beta of 2.03.
Lincoln National Corporation (NYSE:LNC) last issued its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $2.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.84 by $0.19. Lincoln National Corporation had a return on equity of 11.16% and a net margin of 10.50%. The company had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.62 billion. During the same quarter in the previous year, the firm earned $1.89 earnings per share. Lincoln National Corporation’s revenue was down .4% on a year-over-year basis. research analysts forecast that Lincoln National Corporation will post 7.65 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be issued a dividend of $0.33 per share. This is a positive change from Lincoln National Corporation’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.32 annualized dividend and a dividend yield of 1.78%. Lincoln National Corporation’s payout ratio is presently 18.15%.
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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