Shares of Lincoln National Corp. (NYSE:LNC) were up 6.3% during mid-day trading on Friday . The company traded as high as $45.87 and last traded at $45.69, with a volume of 2,204,618 shares traded. The stock had previously closed at $43.00.

A number of analysts recently issued reports on LNC shares. Zacks Investment Research upgraded shares of Lincoln National Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, April 13th. FBR & Co reaffirmed a “buy” rating on shares of Lincoln National Corp. in a research note on Friday, June 10th. Deutsche Bank AG cut their price target on shares of Lincoln National Corp. from $57.00 to $53.00 and set a “hold” rating on the stock in a research note on Thursday, July 7th. Bank of America Corp. downgraded shares of Lincoln National Corp. from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 29th. Finally, Citigroup Inc. cut their price target on shares of Lincoln National Corp. from $46.00 to $44.00 and set a “neutral” rating on the stock in a research note on Thursday, July 7th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $53.13.

The stock has a market cap of $10.88 billion and a PE ratio of 10.86. The stock has a 50 day moving average of $41.41 and a 200-day moving average of $40.70.

Lincoln National Corp. (NYSE:LNC) last released its earnings results on Wednesday, August 3rd. The company reported $1.56 earnings per share for the quarter, missing the consensus estimate of $1.58 by $0.02. The firm had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.45 billion. Lincoln National Corp.’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.46 earnings per share. On average, analysts expect that Lincoln National Corp. will post $6.08 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, August 1st. Stockholders of record on Monday, July 11th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend was Thursday, July 7th.

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

Other hedge funds and institutional investors recently made changes to their positions in 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 worth $93,205,000 after buying an additional 168,865 shares during the last quarter. Morgan Stanley increased its position in shares of Lincoln National Corp. by 93.1% in the fourth quarter. Morgan Stanley now owns 1,426,082 shares of the company’s stock worth $71,674,000 after buying an additional 687,459 shares during the last quarter. Affinity Investment Advisors LLC increased its position in shares of Lincoln National Corp. by 0.4% in the fourth quarter. Affinity Investment Advisors LLC now owns 375,825 shares of the company’s stock worth $18,889,000 after buying an additional 1,607 shares during the last quarter. KBC Group NV increased its position in shares of Lincoln National Corp. by 2.6% in the fourth quarter. KBC Group NV now owns 117,094 shares of the company’s stock worth $5,885,000 after buying an additional 2,958 shares during the last quarter. Finally, American International Group Inc. increased its position in shares of Lincoln National Corp. by 1.3% in the fourth quarter. American International Group Inc. now owns 102,038 shares of the company’s stock worth $5,129,000 after buying an additional 1,355 shares during 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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