Sigma Planning Corp Sells 3,248 Shares of Lincoln National Corporation $LNC

Sigma Planning Corp trimmed its holdings in Lincoln National Corporation (NYSE:LNC) by 11.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,958 shares of the financial services provider’s stock after selling 3,248 shares during the period. Sigma Planning Corp’s holdings in Lincoln National were worth $829,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Jennison Associates LLC acquired a new stake in shares of Lincoln National in the 2nd quarter worth about $43,686,000. AQR Capital Management LLC raised its stake in shares of Lincoln National by 84.5% in the first quarter. AQR Capital Management LLC now owns 2,041,928 shares of the financial services provider’s stock worth $72,039,000 after purchasing an additional 935,225 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Lincoln National by 206.6% in the first quarter. Millennium Management LLC now owns 1,176,613 shares of the financial services provider’s stock valued at $42,252,000 after purchasing an additional 792,907 shares in the last quarter. Nuveen LLC purchased a new position in shares of Lincoln National during the first quarter valued at approximately $12,645,000. Finally, Daymark Wealth Partners LLC boosted its position in shares of Lincoln National by 208.7% during the second quarter. Daymark Wealth Partners LLC now owns 463,619 shares of the financial services provider’s stock valued at $16,041,000 after buying an additional 313,418 shares during the last quarter. 72.81% of the stock is owned by institutional investors.

Lincoln National Stock Performance

NYSE LNC opened at $40.86 on Friday. The company has a market capitalization of $7.76 billion, a PE ratio of 7.13, a price-to-earnings-growth ratio of 0.50 and a beta of 1.49. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.26 and a current ratio of 0.26. Lincoln National Corporation has a 52-week low of $27.58 and a 52-week high of $43.66. The company has a 50-day simple moving average of $40.61 and a 200 day simple moving average of $36.92.

Lincoln National (NYSE:LNC) last released its earnings results on Thursday, October 30th. The financial services provider reported $2.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.20. Lincoln National had a net margin of 6.34% and a return on equity of 19.14%. The firm had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.80 billion. During the same period in the prior year, the firm earned $2.06 EPS. On average, research analysts predict that Lincoln National Corporation will post 7.69 EPS for the current year.

Lincoln National Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 10th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Friday, October 10th. Lincoln National’s dividend payout ratio (DPR) is currently 16.16%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Zacks Research raised Lincoln National from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Evercore ISI raised their price target on shares of Lincoln National from $45.00 to $46.00 and gave the company an “in-line” rating in a research report on Thursday, October 9th. Morgan Stanley cut their price target on shares of Lincoln National from $58.00 to $53.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Keefe, Bruyette & Woods increased their price objective on shares of Lincoln National from $43.00 to $44.00 and gave the company a “market perform” rating in a research note on Monday. Finally, National Bankshares set a $44.00 target price on Lincoln National in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $42.82.

Lincoln National Profile

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates in four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders.