Lincoln National Corporation (LNC) Shares Bought by Comerica Bank
Comerica Bank boosted its holdings in Lincoln National Corporation (NYSE:LNC) by 4.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 69,564 shares of the financial services provider’s stock after acquiring an additional 3,024 shares during the period. Comerica Bank’s holdings in Lincoln National Corporation were worth $5,315,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of LNC. Sun Life Financial INC raised its stake in Lincoln National Corporation by 20,600.0% in the 2nd quarter. Sun Life Financial INC now owns 1,656 shares of the financial services provider’s stock valued at $112,000 after acquiring an additional 1,648 shares during the period. D.A. Davidson & CO. raised its stake in Lincoln National Corporation by 8.6% in the 2nd quarter. D.A. Davidson & CO. now owns 1,726 shares of the financial services provider’s stock valued at $116,000 after acquiring an additional 136 shares during the period. Stratos Wealth Partners LTD. bought a new stake in Lincoln National Corporation in the 2nd quarter valued at $200,000. Financial Architects Inc raised its stake in Lincoln National Corporation by 2.3% in the 2nd quarter. Financial Architects Inc now owns 2,968 shares of the financial services provider’s stock valued at $201,000 after acquiring an additional 68 shares during the period. Finally, Bowen Hanes & Co. Inc. bought a new stake in Lincoln National Corporation in the 2nd quarter valued at $201,000. Institutional investors and hedge funds own 79.84% of the company’s stock.
Shares of Lincoln National Corporation (LNC) opened at $73.50 on Wednesday. The stock has a market capitalization of $16,232.77, a price-to-earnings ratio of 9.80, a PEG ratio of 1.12 and a beta of 2.03. Lincoln National Corporation has a 1-year low of $61.45 and a 1-year high of $77.46. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.30.
Lincoln National Corporation (NYSE:LNC) last released its earnings results on Wednesday, November 1st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.19. The company had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.62 billion. Lincoln National Corporation had a return on equity of 11.16% and a net margin of 10.50%. Lincoln National Corporation’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.89 EPS. research analysts anticipate that Lincoln National Corporation will post 7.65 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, January 9th. This is a positive change from Lincoln National Corporation’s previous quarterly dividend of $0.29. This represents a $1.32 annualized dividend and a yield of 1.80%. Lincoln National Corporation’s dividend payout ratio (DPR) is 18.15%.
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A number of research analysts have commented on the company. Morgan Stanley upped their price objective on Lincoln National Corporation from $77.00 to $79.00 and gave the company an “equal weight” rating in a report on Thursday, November 2nd. B. Riley reaffirmed a “neutral” rating on shares of Lincoln National Corporation in a report on Monday, November 6th. Goldman Sachs Group, Inc. (The) assumed coverage on Lincoln National Corporation in a report on Wednesday, October 18th. They issued a “sell” rating and a $71.00 price objective on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $83.00 price objective on shares of Lincoln National Corporation in a report on Tuesday, October 10th. Finally, ValuEngine lowered Lincoln National Corporation from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $77.00.
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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