Kestra Advisory Services LLC Has $2.25 Million Stock Holdings in Lincoln National Corporation $LNC

Kestra Advisory Services LLC boosted its holdings in shares of Lincoln National Corporation (NYSE:LNC) by 32.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,254 shares of the financial services provider’s stock after purchasing an additional 15,607 shares during the quarter. Kestra Advisory Services LLC’s holdings in Lincoln National were worth $2,246,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. V Square Quantitative Management LLC bought a new stake in shares of Lincoln National in the fourth quarter valued at approximately $31,000. Transamerica Financial Advisors LLC bought a new position in Lincoln National during the fourth quarter worth $32,000. JPL Wealth Management LLC acquired a new position in Lincoln National during the 3rd quarter valued at $29,000. Los Angeles Capital Management LLC bought a new stake in Lincoln National in the 4th quarter valued at $34,000. Finally, Laurel Wealth Advisors LLC bought a new stake in Lincoln National in the 4th quarter valued at $38,000. 72.81% of the stock is owned by institutional investors.

Lincoln National Price Performance

Shares of Lincoln National stock opened at $42.26 on Monday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.25 and a current ratio of 0.25. The firm’s 50-day simple moving average is $36.73 and its 200-day simple moving average is $37.58. Lincoln National Corporation has a twelve month low of $32.18 and a twelve month high of $46.82. The firm has a market cap of $8.08 billion, a P/E ratio of 4.90, a price-to-earnings-growth ratio of 2.99 and a beta of 1.17.

Lincoln National (NYSE:LNC) last posted its quarterly earnings results on Thursday, May 7th. The financial services provider reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.08. The firm had revenue of $4.87 billion during the quarter, compared to analyst estimates of $4.93 billion. Lincoln National had a net margin of 9.17% and a return on equity of 18.07%. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.60 earnings per share. As a group, research analysts expect that Lincoln National Corporation will post 7.73 EPS for the current fiscal year.

Lincoln National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Friday, July 10th. Lincoln National’s dividend payout ratio is currently 20.88%.

Insider Activity

In other news, EVP Craigt T. Beazer sold 30,000 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $34.45, for a total value of $1,033,500.00. Following the completion of the transaction, the executive vice president directly owned 103,906 shares of the company’s stock, valued at approximately $3,579,561.70. This represents a 22.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on LNC shares. Weiss Ratings downgraded shares of Lincoln National from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Morgan Stanley lowered their price target on Lincoln National from $43.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. Barclays upgraded Lincoln National from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $42.00 to $45.00 in a research report on Monday, July 6th. JPMorgan Chase & Co. decreased their price objective on Lincoln National from $42.00 to $40.00 and set an “underweight” rating on the stock in a report on Thursday, May 7th. Finally, UBS Group boosted their price objective on Lincoln National from $39.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Six investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $44.79.

Lincoln National Profile

Lincoln National Corporation, doing business as Lincoln Financial Group, is a diversified financial services holding company focused on providing retirement, insurance, and wealth management solutions in the United States and select international markets. Headquartered in Radnor, Pennsylvania, the company operates through several business segments, including Retirement Plan Services, Life Insurance, and Group Protection. Its offerings are designed to help individuals, families, and institutions plan and prepare for their financial futures.

The Retirement Plan Services segment delivers recordkeeping, administrative services, and investment management for defined contribution and defined benefit plans.