Capital Fund Management S.A. increased its stake in shares of Lincoln National Corporation (NYSE:LNC) by 631.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,392 shares of the financial services provider’s stock after acquiring an additional 27,792 shares during the quarter. Capital Fund Management S.A.’s holdings in Lincoln National Corporation were worth $1,581,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Azimuth Capital Management LLC boosted its position in shares of Lincoln National Corporation by 0.3% during the first quarter. Azimuth Capital Management LLC now owns 7,185 shares of the financial services provider’s stock worth $470,000 after acquiring an additional 25 shares during the last quarter. Stratford Consulting LLC boosted its position in shares of Lincoln National Corporation by 0.4% during the second quarter. Stratford Consulting LLC now owns 6,432 shares of the financial services provider’s stock worth $435,000 after acquiring an additional 27 shares during the last quarter. Savant Capital LLC boosted its position in shares of Lincoln National Corporation by 0.4% during the second quarter. Savant Capital LLC now owns 6,847 shares of the financial services provider’s stock worth $463,000 after acquiring an additional 30 shares during the last quarter. Financial Architects Inc boosted its position in shares of Lincoln National Corporation by 2.3% during the second quarter. Financial Architects Inc now owns 2,968 shares of the financial services provider’s stock worth $201,000 after acquiring an additional 68 shares during the last quarter. Finally, Intrust Bank NA boosted its position in shares of Lincoln National Corporation by 0.7% during the second quarter. Intrust Bank NA now owns 10,550 shares of the financial services provider’s stock worth $713,000 after acquiring an additional 71 shares during the last quarter. Hedge funds and other institutional investors own 79.87% of the company’s stock.

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A number of brokerages recently weighed in on LNC. Zacks Investment Research upgraded shares of Lincoln National Corporation from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research report on Tuesday, August 8th. BidaskClub upgraded shares of Lincoln National Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Wells Fargo & Company reiterated a “hold” rating on shares of Lincoln National Corporation in a research report on Wednesday, August 2nd. Royal Bank Of Canada increased their price objective on shares of Lincoln National Corporation from $77.00 to $83.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. Finally, Barclays PLC increased their price objective on shares of Lincoln National Corporation from $84.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, August 11th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $73.80.

Shares of Lincoln National Corporation (LNC) opened at 69.18 on Friday. The stock has a market cap of $15.32 billion, a P/E ratio of 10.54 and a beta of 1.98. The stock has a 50 day moving average of $69.94 and a 200 day moving average of $67.89. Lincoln National Corporation has a 52 week low of $44.74 and a 52 week 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 for the quarter, beating the consensus estimate of $1.73 by $0.12. The firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.56 billion. Lincoln National Corporation had a net margin of 10.85% and a return on equity of 10.99%. The company’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.56 EPS. On average, analysts expect that Lincoln National Corporation will post $7.47 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th will be given 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 dividend yield of 1.68%. Lincoln National Corporation’s payout ratio is 17.79%.

Lincoln National Corporation Company 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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