Lincoln National Co. (NYSE:LNC) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company raised its position in Lincoln National Co. (NYSE:LNC) by 2.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,271 shares of the financial services provider’s stock after acquiring an additional 1,121 shares during the period. The Manufacturers Life Insurance Company’s holdings in Lincoln National were worth $1,252,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of LNC. GSA Capital Partners LLP grew its holdings in shares of Lincoln National by 1,032.2% during the fourth quarter. GSA Capital Partners LLP now owns 105,777 shares of the financial services provider’s stock valued at $2,853,000 after buying an additional 96,434 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in shares of Lincoln National by 33.0% during the first quarter. First Eagle Investment Management LLC now owns 387,800 shares of the financial services provider’s stock valued at $12,382,000 after buying an additional 96,200 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Lincoln National by 0.8% during the first quarter. Vanguard Group Inc. now owns 21,854,837 shares of the financial services provider’s stock valued at $697,825,000 after buying an additional 166,167 shares during the last quarter. Ellis Investment Partners LLC purchased a new stake in shares of Lincoln National during the second quarter valued at $1,095,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Lincoln National during the first quarter valued at $505,000. 72.81% of the stock is currently owned by institutional investors and hedge funds.

Lincoln National Trading Up 3.2 %

Shares of Lincoln National stock opened at $32.44 on Friday. The firm has a 50-day simple moving average of $30.77 and a two-hundred day simple moving average of $30.81. The company has a market cap of $5.52 billion, a P/E ratio of 3.42, a price-to-earnings-growth ratio of 0.31 and a beta of 1.81. Lincoln National Co. has a fifty-two week low of $20.85 and a fifty-two week high of $36.46. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.27 and a current ratio of 0.27.

Lincoln National (NYSE:LNC) last released its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.07. Lincoln National had a net margin of 12.24% and a return on equity of 17.13%. The firm had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $4.65 billion. During the same quarter in the prior year, the firm earned $2.02 EPS. As a group, equities analysts predict that Lincoln National Co. will post 5.73 earnings per share for the current fiscal year.

Lincoln National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, October 10th. This represents a $1.80 annualized dividend and a dividend yield of 5.55%. Lincoln National’s dividend payout ratio (DPR) is presently 18.99%.

Analyst Upgrades and Downgrades

LNC has been the topic of a number of research analyst reports. TD Cowen initiated coverage on shares of Lincoln National in a report on Wednesday. They set a “hold” rating and a $34.00 price objective on the stock. Bank of America decreased their target price on shares of Lincoln National from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. JPMorgan Chase & Co. boosted their target price on shares of Lincoln National from $28.00 to $34.00 and gave the company an “underweight” rating in a research report on Tuesday, July 2nd. Barclays boosted their target price on shares of Lincoln National from $35.00 to $36.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, StockNews.com downgraded shares of Lincoln National from a “hold” rating to a “sell” rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $33.00.

Lincoln National Profile

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates in four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders.