Lincoln National Corporation $LNC Shares Purchased by Advisors Capital Management LLC

Advisors Capital Management LLC boosted its stake in Lincoln National Corporation (NYSE:LNC) by 3.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 569,180 shares of the financial services provider’s stock after buying an additional 18,687 shares during the quarter. Advisors Capital Management LLC owned approximately 0.30% of Lincoln National worth $22,955,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of LNC. GSA Capital Partners LLP raised its holdings in shares of Lincoln National by 39.3% during the third quarter. GSA Capital Partners LLP now owns 13,745 shares of the financial services provider’s stock valued at $554,000 after acquiring an additional 3,876 shares during the last quarter. Wealthcare Advisory Partners LLC increased its position in shares of Lincoln National by 6.7% during the third quarter. Wealthcare Advisory Partners LLC now owns 32,063 shares of the financial services provider’s stock worth $1,293,000 after purchasing an additional 2,022 shares in the last quarter. Vanguard Group Inc. raised its stake in Lincoln National by 6.3% in the 3rd quarter. Vanguard Group Inc. now owns 19,903,720 shares of the financial services provider’s stock valued at $802,717,000 after purchasing an additional 1,183,934 shares during the last quarter. Fifth Third Bancorp raised its stake in Lincoln National by 8.1% in the 3rd quarter. Fifth Third Bancorp now owns 25,370 shares of the financial services provider’s stock valued at $1,023,000 after purchasing an additional 1,902 shares during the last quarter. Finally, HighTower Advisors LLC lifted its holdings in Lincoln National by 21.3% in the 3rd quarter. HighTower Advisors LLC now owns 41,614 shares of the financial services provider’s stock valued at $1,678,000 after purchasing an additional 7,308 shares in the last quarter. 72.81% of the stock is currently owned by institutional investors and hedge funds.

Lincoln National Stock Up 1.6%

LNC stock opened at $41.54 on Wednesday. Lincoln National Corporation has a one year low of $27.58 and a one year high of $46.82. The firm has a market cap of $7.89 billion, a PE ratio of 7.82, a PEG ratio of 1.72 and a beta of 1.30. The firm’s 50 day moving average price is $42.90 and its 200-day moving average price is $41.46. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.28 and a current ratio of 0.27.

Lincoln National (NYSE:LNC) last issued its quarterly earnings data on Thursday, February 12th. The financial services provider reported $2.21 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.35. Lincoln National had a return on equity of 18.52% and a net margin of 6.46%.The company had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.85 billion. During the same period in the prior year, the business posted $1.91 earnings per share. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, equities research analysts anticipate that Lincoln National Corporation will post 7.69 EPS for the current year.

Insider Buying and Selling at Lincoln National

In other Lincoln National news, EVP John Christopher Kennedy sold 3,519 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $44.15, for a total value of $155,363.85. Following the transaction, the executive vice president owned 118,985 shares of the company’s stock, valued at $5,253,187.75. This represents a 2.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on LNC shares. National Bank Financial set a $45.00 target price on shares of Lincoln National in a report on Thursday, January 8th. Morgan Stanley reaffirmed an “overweight” rating on shares of Lincoln National in a research note on Monday, December 15th. Jefferies Financial Group raised their target price on shares of Lincoln National from $52.00 to $59.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. Keefe, Bruyette & Woods boosted their target price on Lincoln National from $43.00 to $44.00 and gave the stock a “market perform” rating in a report on Monday, November 3rd. Finally, Mizuho started coverage on Lincoln National in a report on Tuesday, December 16th. They issued an “outperform” rating and a $52.00 price target for the company. Four research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $46.25.

Lincoln National Profile

Lincoln National Corporation, doing business as Lincoln Financial Group, is a diversified financial services holding company focused on providing retirement, insurance, and wealth management solutions in the United States and select international markets. Headquartered in Radnor, Pennsylvania, the company operates through several business segments, including Retirement Plan Services, Life Insurance, and Group Protection. Its offerings are designed to help individuals, families, and institutions plan and prepare for their financial futures.

The Retirement Plan Services segment delivers recordkeeping, administrative services, and investment management for defined contribution and defined benefit plans.