Captrust Financial Advisors purchased a new position in shares of Lincoln National Corporation (NYSE:LNC) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 29,014 shares of the financial services provider’s stock, valued at approximately $1,961,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Lincoln National Corporation by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 22,884,373 shares of the financial services provider’s stock worth $1,497,782,000 after acquiring an additional 1,215,192 shares in the last quarter. BlackRock Inc. grew its stake in shares of Lincoln National Corporation by 2,922.6% during the 1st quarter. BlackRock Inc. now owns 18,418,766 shares of the financial services provider’s stock worth $1,205,509,000 after acquiring an additional 17,809,394 shares in the last quarter. LSV Asset Management grew its stake in shares of Lincoln National Corporation by 3.8% during the 2nd quarter. LSV Asset Management now owns 5,157,271 shares of the financial services provider’s stock worth $348,528,000 after acquiring an additional 187,800 shares in the last quarter. Neuberger Berman Group LLC grew its stake in shares of Lincoln National Corporation by 16.7% during the 1st quarter. Neuberger Berman Group LLC now owns 4,483,836 shares of the financial services provider’s stock worth $293,467,000 after acquiring an additional 640,510 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Lincoln National Corporation by 32.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,537,245 shares of the financial services provider’s stock worth $239,047,000 after acquiring an additional 857,436 shares in the last quarter. 79.87% of the stock is owned by institutional investors.

Lincoln National Corporation (LNC) traded up 0.55% during trading on Wednesday, hitting $69.04. 468,516 shares of the company traded hands. The stock has a 50-day moving average price of $70.17 and a 200-day moving average price of $67.89. The firm has a market capitalization of $15.29 billion, a P/E ratio of 10.52 and a beta of 1.98. Lincoln National Corporation has a 12-month low of $44.74 and a 12-month high of $75.78.

Lincoln National Corporation (NYSE:LNC) last announced its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.73 by $0.12. Lincoln National Corporation had a return on equity of 10.99% and a net margin of 10.85%. The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.56 billion. During the same quarter in the prior year, the company posted $1.56 earnings per share. Lincoln National Corporation’s revenue was up 8.2% compared to the same quarter last year. Equities analysts expect that Lincoln National Corporation will post $7.47 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.16 annualized dividend and a yield of 1.69%. Lincoln National Corporation’s dividend payout ratio (DPR) is currently 17.79%.

Several equities analysts have recently weighed in on the stock. Barclays PLC raised their price target on shares of Lincoln National Corporation from $84.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, August 11th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Lincoln National Corporation in a research note on Wednesday, August 2nd. Zacks Investment Research raised shares of Lincoln National Corporation from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research note on Tuesday, August 8th. Royal Bank Of Canada raised their price target on shares of Lincoln National Corporation from $77.00 to $83.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Finally, BidaskClub raised shares of Lincoln National Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $73.20.

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Lincoln National Corporation Profile

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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