Lincoln National Corp. (NYSE:LNC) shares saw unusually-high trading volume on Thursday . Approximately 3,159,980 shares traded hands during trading, an increase of 8% from the previous session’s volume of 2,934,057 shares.The stock last traded at $37.15 and had previously closed at $37.61.

LNC has been the subject of several analyst reports. Bank of America Corp. downgraded shares of Lincoln National Corp. from a “buy” rating to a “neutral” rating in a report on Wednesday, June 29th. Macquarie downgraded shares of Lincoln National Corp. from an “outperform” rating to a “neutral” rating in a report on Thursday, April 14th. Evercore ISI started coverage on shares of Lincoln National Corp. in a report on Wednesday. They issued a “buy” rating and a $47.00 price objective for the company. Citigroup Inc. upped their price objective on shares of Lincoln National Corp. from $43.00 to $46.00 and gave the stock a “neutral” rating in a report on Wednesday, April 6th. Finally, Deutsche Bank AG reduced their price objective on shares of Lincoln National Corp. from $57.00 to $53.00 and set a “hold” rating for the company in a report on Thursday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $53.56.

The company’s 50-day moving average price is $42.28 and its 200 day moving average price is $41.17. The stock has a market capitalization of $9.29 billion and a price-to-earnings ratio of 9.28.

Lincoln National Corp. (NYSE:LNC) last announced its earnings results on Wednesday, May 4th. The company reported $1.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.49 by $0.24. The company earned $3.24 billion during the quarter, compared to analyst estimates of $3.44 billion. During the same quarter in the previous year, the company posted $1.35 earnings per share. The business’s revenue was down 1.8% compared to the same quarter last year. Equities research analysts predict that Lincoln National Corp. will post $6.11 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 1st. Shareholders of record on Monday, July 11th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Thursday, July 7th.

In other Lincoln National Corp. news, insider Mark E. Konen sold 16,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $45.25, for a total transaction of $724,000.00. Following the transaction, the insider now owns 113,067 shares of the company’s stock, valued at approximately $5,116,281.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Several hedge funds and institutional investors have modified their holdings of the company. Wells Fargo & Company MN increased its position in shares of Lincoln National Corp. by 10.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,854,434 shares of the company’s stock valued at $93,205,000 after buying an additional 168,865 shares in the last quarter. Comerica Bank increased its position in shares of Lincoln National Corp. by 5.5% in the fourth quarter. Comerica Bank now owns 152,449 shares of the company’s stock valued at $6,744,000 after buying an additional 8,000 shares in the last quarter. Cornercap Investment Counsel Inc. increased its position in shares of Lincoln National Corp. by 1.3% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 159,961 shares of the company’s stock valued at $8,040,000 after buying an additional 1,977 shares in the last quarter. Winton Capital Group Ltd increased its position in shares of Lincoln National Corp. by 19.7% in the fourth quarter. Winton Capital Group Ltd now owns 1,414,457 shares of the company’s stock valued at $71,091,000 after buying an additional 233,130 shares in the last quarter. Finally, Bank of Montreal Can increased its position in shares of Lincoln National Corp. by 73.4% in the fourth quarter. Bank of Montreal Can now owns 2,236,419 shares of the company’s stock valued at $112,401,000 after buying an additional 946,844 shares in the last quarter.

Lincoln National Corporation is a holding company, which operates insurance and retirement businesses through subsidiary companies. The Company sells a range of wealth protection, accumulation and retirement income products and solutions, through its business segments. It operates through four segments: Annuities segment, which offers fixed (including indexed) and variable annuities; Retirement Plan Services segment, which provides employers with retirement plan products and services; Life Insurance segment, which focuses in the creation and protection of wealth through life insurance products, and Group Protection, which offers principally group non-medical insurance products.

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