Lincoln National Corporation (LNC) Shares Bought by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC boosted its holdings in shares of Lincoln National Corporation (NYSE:LNC) by 90.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,117,085 shares of the financial services provider’s stock after purchasing an additional 530,618 shares during the period. Parametric Portfolio Associates LLC owned about 0.50% of Lincoln National Corporation worth $75,493,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the stock. Azimuth Capital Management LLC increased its holdings in Lincoln National Corporation by 0.3% during the 1st quarter. Azimuth Capital Management LLC now owns 7,185 shares of the financial services provider’s stock valued at $470,000 after purchasing an additional 25 shares during the period. Stratford Consulting LLC increased its holdings in Lincoln National Corporation by 0.4% during the 2nd quarter. Stratford Consulting LLC now owns 6,432 shares of the financial services provider’s stock valued at $435,000 after purchasing an additional 27 shares during the period. Savant Capital LLC increased its holdings in Lincoln National Corporation by 0.4% during the 2nd quarter. Savant Capital LLC now owns 6,847 shares of the financial services provider’s stock valued at $463,000 after purchasing an additional 30 shares during the period. Financial Architects Inc increased its holdings in Lincoln National Corporation by 2.3% during the 2nd quarter. Financial Architects Inc now owns 2,968 shares of the financial services provider’s stock valued at $201,000 after purchasing an additional 68 shares during the period. Finally, Intrust Bank NA increased its holdings in Lincoln National Corporation by 0.7% during the 2nd quarter. Intrust Bank NA now owns 10,550 shares of the financial services provider’s stock valued at $713,000 after purchasing an additional 71 shares during the period. Institutional investors own 79.85% of the company’s stock.
Lincoln National Corporation (LNC) opened at 72.88 on Monday. Lincoln National Corporation has a 12-month low of $44.74 and a 12-month high of $75.78. The stock has a market cap of $16.14 billion, a P/E ratio of 11.10 and a beta of 1.98. The firm’s 50 day moving average price is $69.75 and its 200-day moving average price is $67.84.
Lincoln National Corporation (NYSE:LNC) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $1.85 EPS for the quarter, topping the Zacks’ consensus estimate of $1.73 by $0.12. The business had revenue of $3.58 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company posted $1.56 earnings per share. Equities research analysts anticipate that Lincoln National Corporation will post $7.47 earnings per share for the current fiscal year.
The business also recently announced 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. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, October 6th. Lincoln National Corporation’s dividend payout ratio (DPR) is presently 17.79%.
A number of research analysts recently issued reports on LNC shares. BidaskClub downgraded Lincoln National Corporation from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 12th. Keefe, Bruyette & Woods restated a “hold” rating on shares of Lincoln National Corporation in a report on Monday, June 26th. Wells Fargo & Company restated a “hold” rating on shares of Lincoln National Corporation in a report on Wednesday, August 2nd. Zacks Investment Research upgraded Lincoln National Corporation from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a report on Tuesday, September 12th. Finally, Citigroup Inc. restated a “buy” rating and set a $83.00 price target (up previously from $82.00) on shares of Lincoln National Corporation in a report on Thursday, September 14th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $74.50.
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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