Jarislowsky Fraser Ltd Has $1.48 Million Holdings in Lincoln National Corporation (LNC)
Jarislowsky Fraser Ltd cut its stake in Lincoln National Corporation (NYSE:LNC) by 17.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,114 shares of the financial services provider’s stock after selling 4,265 shares during the quarter. Jarislowsky Fraser Ltd’s holdings in Lincoln National Corporation were worth $1,477,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the business. Janus Henderson Group PLC raised its stake in Lincoln National Corporation by 3,936.0% in the 2nd quarter. Janus Henderson Group PLC now owns 1,196,540 shares of the financial services provider’s stock valued at $80,862,000 after purchasing an additional 1,166,893 shares during the last quarter. JPMorgan Chase & Co. raised its position in Lincoln National Corporation by 32.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,537,245 shares of the financial services provider’s stock valued at $239,047,000 after purchasing an additional 857,436 shares in the last quarter. Acadian Asset Management LLC raised its position in Lincoln National Corporation by 207.0% in the 2nd quarter. Acadian Asset Management LLC now owns 1,269,347 shares of the financial services provider’s stock valued at $85,784,000 after purchasing an additional 855,930 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Lincoln National Corporation by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 23,649,087 shares of the financial services provider’s stock worth $1,598,205,000 after acquiring an additional 764,714 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. grew its stake in Lincoln National Corporation by 91.2% during the 2nd quarter. Old Mutual Global Investors UK Ltd. now owns 1,573,659 shares of the financial services provider’s stock worth $106,347,000 after buying an additional 750,776 shares during the last quarter. 81.03% of the stock is owned by institutional investors.
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Lincoln National Corporation (NYSE:LNC) traded up $0.24 on Wednesday, reaching $73.68. 194,008 shares of the company traded hands, compared to its average volume of 1,494,716. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.30. Lincoln National Corporation has a 1-year low of $60.31 and a 1-year high of $77.46. The company has a market cap of $16,171.49, a PE ratio of 9.76, a P/E/G ratio of 1.12 and a beta of 2.03.
Lincoln National Corporation (NYSE:LNC) last announced its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $2.03 EPS for the quarter, beating the Zacks’ consensus estimate of $1.84 by $0.19. Lincoln National Corporation had a net margin of 10.50% and a return on equity of 11.16%. The business had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.62 billion. During the same quarter in the prior year, the business earned $1.89 EPS. Lincoln National Corporation’s quarterly revenue was down .4% on a year-over-year basis. equities research analysts predict that Lincoln National Corporation will post 7.65 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.32 annualized dividend and a dividend yield of 1.79%. This is an increase from Lincoln National Corporation’s previous quarterly dividend of $0.29. Lincoln National Corporation’s dividend payout ratio (DPR) is presently 18.15%.
A number of analysts recently weighed in on the company. ValuEngine downgraded Lincoln National Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 9th. B. Riley reissued a “neutral” rating on shares of Lincoln National Corporation in a report on Monday, November 6th. Morgan Stanley boosted their price target on Lincoln National Corporation from $77.00 to $79.00 and gave the stock an “equal weight” rating in a report on Thursday, November 2nd. Goldman Sachs Group, Inc. (The) initiated coverage on Lincoln National Corporation in a report on Wednesday, October 18th. They issued a “sell” rating and a $71.00 price target for the company. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $83.00 price objective on shares of Lincoln National Corporation in a research report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $76.70.
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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