Lincoln National Corporation $LNC Position Raised by Hsbc Holdings PLC

Hsbc Holdings PLC grew its position in shares of Lincoln National Corporation (NYSE:LNC) by 10.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,360,587 shares of the financial services provider’s stock after acquiring an additional 133,388 shares during the quarter. Hsbc Holdings PLC’s holdings in Lincoln National were worth $60,495,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. JPL Wealth Management LLC acquired a new stake in shares of Lincoln National in the 3rd quarter worth about $29,000. V Square Quantitative Management LLC acquired a new position in Lincoln National during the 4th quarter valued at about $31,000. Transamerica Financial Advisors LLC acquired a new position in Lincoln National during the 4th quarter valued at about $32,000. Los Angeles Capital Management LLC bought a new position in Lincoln National in the 4th quarter worth about $34,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of Lincoln National in the fourth quarter valued at approximately $38,000. Institutional investors own 72.81% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Craigt T. Beazer sold 30,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $34.45, for a total transaction of $1,033,500.00. Following the completion of the transaction, the executive vice president owned 103,906 shares in the company, valued at approximately $3,579,561.70. This trade represents a 22.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LNC. Keefe, Bruyette & Woods lifted their price target on Lincoln National from $43.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Wells Fargo & Company increased their price objective on Lincoln National from $43.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. JPMorgan Chase & Co. lowered their target price on Lincoln National from $42.00 to $40.00 and set an “underweight” rating on the stock in a research report on Thursday, May 7th. UBS Group reaffirmed a “neutral” rating and set a $39.00 target price on shares of Lincoln National in a research note on Thursday, May 14th. Finally, Mizuho decreased their price target on Lincoln National from $54.00 to $48.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $43.00.

Lincoln National Stock Up 1.4%

Shares of LNC stock opened at $37.67 on Tuesday. Lincoln National Corporation has a 1 year low of $31.69 and a 1 year high of $46.82. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.25 and a current ratio of 0.25. The business’s fifty day moving average is $35.96 and its 200-day moving average is $38.42. The stock has a market cap of $7.20 billion, a PE ratio of 4.37, a price-to-earnings-growth ratio of 2.39 and a beta of 1.17.

Lincoln National (NYSE:LNC) last announced its quarterly earnings data on Thursday, May 7th. The financial services provider reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.08. Lincoln National had a return on equity of 18.07% and a net margin of 9.17%.The business had revenue of $4.87 billion during the quarter, compared to analyst estimates of $4.93 billion. During the same quarter in the prior year, the firm posted $1.60 earnings per share. The company’s revenue was up 13.1% on a year-over-year basis. Equities analysts expect that Lincoln National Corporation will post 7.72 earnings per share for the current fiscal year.

Lincoln National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Friday, July 10th. Lincoln National’s dividend payout ratio is presently 20.88%.

Lincoln National Company 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.