Handelsbanken Fonder AB Purchases 17,000 Shares of Lincoln National Corporation $LNC

Handelsbanken Fonder AB lifted its holdings in Lincoln National Corporation (NYSE:LNC) by 48.7% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,900 shares of the financial services provider’s stock after buying an additional 17,000 shares during the period. Handelsbanken Fonder AB’s holdings in Lincoln National were worth $1,796,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ameritas Advisory Services LLC purchased a new position in Lincoln National in the second quarter worth $29,000. Brooklyn Investment Group raised its stake in shares of Lincoln National by 82.9% during the 1st quarter. Brooklyn Investment Group now owns 1,156 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 524 shares during the period. Friedenthal Financial purchased a new position in shares of Lincoln National in the 2nd quarter worth about $42,000. Hantz Financial Services Inc. grew its position in Lincoln National by 3,927.0% during the second quarter. Hantz Financial Services Inc. now owns 1,490 shares of the financial services provider’s stock valued at $52,000 after buying an additional 1,453 shares during the period. Finally, CX Institutional increased its holdings in Lincoln National by 354.2% during the second quarter. CX Institutional now owns 1,685 shares of the financial services provider’s stock worth $58,000 after buying an additional 1,314 shares during the last quarter. 72.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LNC has been the topic of a number of research analyst reports. Zacks Research upgraded shares of Lincoln National from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th. Barclays upped their price objective on Lincoln National from $42.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 8th. Wells Fargo & Company raised their target price on Lincoln National from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. Wall Street Zen raised Lincoln National from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, National Bankshares set a $44.00 price target on Lincoln National in a research note on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $43.40.

Lincoln National Price Performance

Lincoln National stock opened at $41.41 on Thursday. The firm has a market capitalization of $7.87 billion, a P/E ratio of 7.23, a PEG ratio of 0.50 and a beta of 1.49. Lincoln National Corporation has a one year low of $27.58 and a one year high of $43.66. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.26 and a quick ratio of 0.26. The business has a fifty day moving average price of $40.24 and a 200-day moving average price of $37.78.

Lincoln National (NYSE:LNC) last issued its earnings results on Thursday, October 30th. The financial services provider reported $2.04 EPS for the quarter, topping the consensus estimate of $1.84 by $0.20. The business had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.80 billion. Lincoln National had a return on equity of 19.14% and a net margin of 6.34%.During the same quarter last year, the company earned $2.06 EPS. As a group, equities research analysts forecast that Lincoln National Corporation will post 7.69 EPS for the current year.

Lincoln National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Monday, January 12th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Monday, January 12th. Lincoln National’s dividend payout ratio is 16.16%.

Insider Transactions at Lincoln National

In other Lincoln National news, Director Owen Ryan acquired 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was bought at an average price of $42.17 per share, with a total value of $84,340.00. Following the completion of the purchase, the director owned 12,000 shares of the company’s stock, valued at approximately $506,040. This represents a 20.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.51% of the stock is owned by corporate insiders.

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.