Lincoln National Corporation $LNC Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd lessened its position in Lincoln National Corporation (NYSE:LNC) by 29.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,998 shares of the financial services provider’s stock after selling 23,793 shares during the quarter. WINTON GROUP Ltd’s holdings in Lincoln National were worth $2,015,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in LNC. Trust Co. of Vermont acquired a new position in Lincoln National in the 2nd quarter valued at $28,000. JPL Wealth Management LLC acquired a new stake in Lincoln National during the 3rd quarter worth $29,000. Transamerica Financial Advisors LLC acquired a new stake in Lincoln National during the 4th quarter worth $32,000. NBT Bank N A NY grew its holdings in shares of Lincoln National by 2,051.1% during the first quarter. NBT Bank N A NY now owns 968 shares of the financial services provider’s stock worth $34,000 after buying an additional 923 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Lincoln National during the fourth quarter worth $34,000. 72.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Lincoln National

In related news, Director Gary C. Kelly sold 15,007 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $26.50, for a total value of $397,685.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Sean Woodroffe sold 11,000 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $45.28, for a total value of $498,080.00. Following the completion of the transaction, the executive vice president owned 119,947 shares of the company’s stock, valued at $5,431,200.16. The trade was a 8.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LNC. Weiss Ratings raised shares of Lincoln National from a “hold (c)” rating to a “buy (b)” rating in a research note on Monday, August 3rd. National Bank Financial set a $50.00 price objective on shares of Lincoln National in a research note on Monday, August 24th. Wells Fargo & Company raised their target price on shares of Lincoln National from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Mizuho boosted their target price on Lincoln National from $51.00 to $53.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Finally, Keefe, Bruyette & Woods upped their price target on Lincoln National from $46.00 to $51.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given 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 $47.07.

Lincoln National Trading Up 0.5%

Shares of LNC stock opened at $43.80 on Friday. The company’s 50-day moving average price is $43.16 and its 200-day moving average price is $38.20. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.62. The stock has a market cap of $8.38 billion, a price-to-earnings ratio of 3.80, a PEG ratio of 1.54 and a beta of 1.12. Lincoln National Corporation has a twelve month low of $32.18 and a twelve month high of $47.67.

Lincoln National (NYSE:LNC) last released its quarterly earnings data on Thursday, July 30th. The financial services provider reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.28. Lincoln National had a net margin of 12.21% and a return on equity of 17.35%. The firm had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.89 billion. During the same period last year, the business earned $2.36 earnings per share. Lincoln National’s revenue was up 12.3% compared to the same quarter last year. As a group, equities analysts predict that Lincoln National Corporation will post 7.97 earnings per share for the current year.

Lincoln National Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Monday, October 12th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $1.80 annualized dividend and a dividend yield of 4.1%. Lincoln National’s dividend payout ratio is 15.60%.

Lincoln National Profile

Lincoln National Corporation, operating under the Lincoln Financial Group brand, is a financial services company that provides insurance and retirement solutions primarily in the United States. Its businesses are designed to help individuals, employers and institutions manage income protection, long-term financial planning and retirement needs.

The company offers life insurance, annuities and group protection products. Its group protection business includes employer-sponsored life, disability and dental insurance, while its retirement business provides products and services intended to support workplace retirement plans and individual retirement income strategies.

Lincoln traces its origins to the founding of The Lincoln National Life Insurance Company in 1905 and takes its name from President Abraham Lincoln.