Hsbc Holdings PLC Has $53.16 Million Holdings in Lincoln National Corporation $LNC

Hsbc Holdings PLC raised its stake in Lincoln National Corporation (NYSE:LNC) by 10.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,499,854 shares of the financial services provider’s stock after purchasing an additional 139,267 shares during the period. Hsbc Holdings PLC’s holdings in Lincoln National were worth $53,157,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of LNC. JPL Wealth Management LLC bought a new position in shares of Lincoln National during the 3rd quarter worth about $29,000. V Square Quantitative Management LLC bought a new stake in shares of Lincoln National in the fourth quarter valued at about $31,000. Transamerica Financial Advisors LLC bought a new stake in shares of Lincoln National in the fourth quarter valued at about $32,000. NBT Bank N A NY grew its position in 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 acquired a new stake in Lincoln National during the fourth quarter worth about $34,000. 72.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Craigt T. Beazer sold 30,000 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $34.45, for a total value of $1,033,500.00. Following the sale, the executive vice president owned 103,906 shares of the company’s stock, valued at $3,579,561.70. The trade was a 22.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.03% of the stock is currently owned by corporate insiders.

Lincoln National Stock Performance

NYSE LNC opened at $41.60 on Tuesday. Lincoln National Corporation has a twelve month low of $32.18 and a twelve month high of $46.82. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.65. The stock has a market cap of $7.96 billion, a P/E ratio of 4.83, a PEG ratio of 2.99 and a beta of 1.17. The company’s 50-day simple moving average is $36.87 and its 200 day simple moving average is $37.55.

Lincoln National (NYSE:LNC) last announced its quarterly earnings results on Thursday, May 7th. The financial services provider reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.08. The firm had revenue of $4.87 billion during the quarter, compared to analysts’ expectations of $4.93 billion. Lincoln National had a net margin of 9.17% and a return on equity of 18.07%. The company’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.60 earnings per share. As a group, research analysts forecast that Lincoln National Corporation will post 7.73 earnings per share for the current fiscal year.

Lincoln National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Friday, July 10th. Lincoln National’s dividend payout ratio (DPR) is 20.88%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on LNC shares. UBS Group upped their price target on Lincoln National from $39.00 to $44.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Wells Fargo & Company lifted their price objective on Lincoln National from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Barclays upgraded Lincoln National from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $42.00 to $45.00 in a research report on Monday, July 6th. Mizuho upped their target price on Lincoln National from $48.00 to $51.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. Finally, Weiss Ratings cut Lincoln National from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Six research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Lincoln National has a consensus rating of “Hold” and a consensus price target of $44.79.

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.