Ossiam bought a new position in Lincoln National Co. (NYSE:LNC) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 759 shares of the financial services provider’s stock, valued at approximately $49,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in LNC. GAM Holding AG grew its position in Lincoln National by 126.0% in the 2nd quarter. GAM Holding AG now owns 15,511 shares of the financial services provider’s stock worth $1,000,000 after purchasing an additional 8,647 shares during the last quarter. Commonwealth Equity Services LLC grew its position in Lincoln National by 2.7% in the 1st quarter. Commonwealth Equity Services LLC now owns 80,632 shares of the financial services provider’s stock worth $4,733,000 after purchasing an additional 2,143 shares during the last quarter. Truvestments Capital LLC grew its position in Lincoln National by 42.7% in the 2nd quarter. Truvestments Capital LLC now owns 13,271 shares of the financial services provider’s stock worth $855,000 after purchasing an additional 3,971 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in Lincoln National in the 2nd quarter worth $39,000. Finally, DNB Asset Management AS grew its position in Lincoln National by 44.9% in the 2nd quarter. DNB Asset Management AS now owns 94,253 shares of the financial services provider’s stock worth $6,075,000 after purchasing an additional 29,224 shares during the last quarter. Hedge funds and other institutional investors own 81.42% of the company’s stock.

Several research firms have issued reports on LNC. Zacks Investment Research lowered shares of Lincoln National from a “buy” rating to a “hold” rating in a research report on Tuesday, May 21st. Barclays set a $69.00 target price on shares of Lincoln National and gave the company a “buy” rating in a research report on Monday, August 12th. Wells Fargo & Co reiterated a “hold” rating and set a $69.00 target price on shares of Lincoln National in a research report on Wednesday, July 31st. Citigroup decreased their target price on shares of Lincoln National from $75.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Goldman Sachs Group upgraded shares of Lincoln National from a “neutral” rating to a “buy” rating and lifted their target price for the company from $65.00 to $77.00 in a research report on Tuesday, June 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $74.64.

Shares of Lincoln National stock traded up $1.35 during trading on Friday, hitting $61.67. 1,205,139 shares of the company’s stock traded hands, compared to its average volume of 1,394,986. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.21 and a quick ratio of 0.21. The firm’s fifty day moving average price is $56.52 and its 200 day moving average price is $61.81. Lincoln National Co. has a twelve month low of $48.07 and a twelve month high of $71.27. The company has a market cap of $12.03 billion, a PE ratio of 7.27, a PEG ratio of 0.72 and a beta of 1.97.

Lincoln National (NYSE:LNC) last issued its earnings results on Wednesday, July 31st. The financial services provider reported $2.36 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.04. Lincoln National had a net margin of 8.74% and a return on equity of 11.85%. The business had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.46 billion. During the same period in the previous year, the business earned $2.02 EPS. The firm’s revenue was up 7.2% on a year-over-year basis. As a group, equities research analysts anticipate that Lincoln National Co. will post 9.3 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be given a $0.37 dividend. The ex-dividend date is Wednesday, October 9th. This represents a $1.48 dividend on an annualized basis and a yield of 2.40%. Lincoln National’s dividend payout ratio (DPR) is presently 17.45%.

Lincoln National Profile

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The Annuities segment offers variable, fixed, and indexed variable annuities.

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Institutional Ownership by Quarter for Lincoln National (NYSE:LNC)

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