Public Employees Retirement Association of Colorado reduced its position in Lincoln National Corporation (NYSE:LNC) by 1.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 45,027 shares of the financial services provider’s stock after selling 528 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Lincoln National Corporation were worth $3,043,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Macquarie Group Ltd. boosted its position in shares of Lincoln National Corporation by 26.0% in the fourth quarter. Macquarie Group Ltd. now owns 9,600 shares of the financial services provider’s stock worth $637,000 after buying an additional 1,982 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its position in shares of Lincoln National Corporation by 1.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 195,030 shares of the financial services provider’s stock worth $12,765,000 after buying an additional 3,156 shares during the last quarter. Quadrant Capital Group LLC boosted its position in shares of Lincoln National Corporation by 0.3% in the first quarter. Quadrant Capital Group LLC now owns 3,965 shares of the financial services provider’s stock worth $255,000 after buying an additional 11 shares during the last quarter. Regentatlantic Capital LLC boosted its position in shares of Lincoln National Corporation by 1.2% in the first quarter. Regentatlantic Capital LLC now owns 21,014 shares of the financial services provider’s stock worth $1,375,000 after buying an additional 245 shares during the last quarter. Finally, Private Trust Co. NA purchased a new position in shares of Lincoln National Corporation during the first quarter worth about $264,000. 80.15% of the stock is owned by institutional investors and hedge funds.

Shares of Lincoln National Corporation (NYSE:LNC) opened at 74.25 on Monday. The company has a market cap of $16.72 billion, a price-to-earnings ratio of 11.37 and a beta of 1.99. Lincoln National Corporation has a 52-week low of $43.54 and a 52-week high of $74.94. The firm has a 50 day moving average price of $69.49 and a 200-day moving average price of $67.84.

Lincoln National Corporation (NYSE:LNC) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.73 by $0.12. The firm had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.56 billion. Lincoln National Corporation had a return on equity of 10.99% and a net margin of 10.85%. The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.56 earnings per share. Equities research analysts anticipate that Lincoln National Corporation will post $7.42 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th were issued a $0.29 dividend. The ex-dividend date was Thursday, July 6th. This represents a $1.16 annualized dividend and a dividend yield of 1.56%. Lincoln National Corporation’s dividend payout ratio is currently 17.79%.

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A number of equities analysts have issued reports on LNC shares. Wells Fargo & Company reaffirmed a “hold” rating on shares of Lincoln National Corporation in a report on Thursday, May 4th. Zacks Investment Research raised Lincoln National Corporation from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a report on Monday, June 5th. BidaskClub raised Lincoln National Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Lincoln National Corporation in a report on Monday, June 26th. Finally, Bank of America Corporation set a $78.00 target price on Lincoln National Corporation in a report on Tuesday, July 4th. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $73.20.

In other news, Director Michael F. Mee sold 13,574 shares of Lincoln National Corporation stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $68.62, for a total value of $931,447.88. Following the transaction, the director now owns 6,336 shares in the company, valued at $434,776.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Michael F. Mee sold 30,173 shares of Lincoln National Corporation stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $68.32, for a total value of $2,061,419.36. Following the completion of the transaction, the director now owns 6,336 shares in the company, valued at approximately $432,875.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,693 shares of company stock worth $3,899,915. Company insiders own 1.41% of the company’s stock.

About Lincoln National Corporation

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. The Company 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 on 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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Institutional Ownership by Quarter for Lincoln National Corporation (NYSE:LNC)

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