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

Several equities research analysts have issued reports on the stock. Zacks Investment Research cut shares of Lincoln National Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. Goldman Sachs Group Inc. cut shares of Lincoln National Corp. from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $51.00 to $46.00 in a research report on Friday, July 15th. Deutsche Bank AG decreased their target price on shares of Lincoln National Corp. from $57.00 to $53.00 and set a “hold” rating on the stock in a research report on Thursday, July 7th. Citigroup Inc. decreased their target price on shares of Lincoln National Corp. from $46.00 to $44.00 and set a “neutral” rating on the stock in a research report on Thursday, July 7th. Finally, Evercore ISI assumed coverage on shares of Lincoln National Corp. in a research report on Wednesday, July 6th. They issued a “buy” rating and a $47.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $53.13.

The company has a market capitalization of $10.88 billion and a price-to-earnings ratio of 10.86. The stock has a 50 day moving average price of $41.51 and a 200 day moving average price of $40.73.

Lincoln National Corp. (NYSE:LNC) last issued its earnings results on Wednesday, August 3rd. The company reported $1.56 earnings per share for the quarter, missing analysts’ consensus estimates of $1.58 by $0.02. The firm earned $3.40 billion during the quarter, compared to the consensus estimate of $3.45 billion. Lincoln National Corp.’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the company earned $1.46 EPS. Equities research analysts expect that Lincoln National Corp. will post $6.08 EPS for the current year.

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

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

Several institutional investors have modified their holdings of the stock. Sei Investments Co. increased its position in shares of Lincoln National Corp. by 2.6% in the fourth quarter. Sei Investments Co. now owns 23,365 shares of the company’s stock worth $1,174,000 after buying an additional 592 shares in the last quarter. Advantus Capital Management Inc boosted its stake in shares of Lincoln National Corp. by 0.9% in the fourth quarter. Advantus Capital Management Inc now owns 23,662 shares of the company’s stock valued at $1,189,000 after buying an additional 213 shares during the last quarter. GAM Holding AG boosted its stake in shares of Lincoln National Corp. by 6.5% in the fourth quarter. GAM Holding AG now owns 23,711 shares of the company’s stock valued at $1,192,000 after buying an additional 1,448 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its stake in shares of Lincoln National Corp. by 4.9% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 33,235 shares of the company’s stock valued at $1,670,000 after buying an additional 1,558 shares during the last quarter. Finally, Trexquant Investment LP boosted its stake in shares of Lincoln National Corp. by 33.2% in the fourth quarter. Trexquant Investment LP now owns 49,800 shares of the company’s stock valued at $2,503,000 after buying an additional 12,400 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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