Lincoln National Co. (LNC) Shares Bought by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. raised its holdings in Lincoln National Co. (NYSE:LNC) by 178.0% during the 4th quarter, Holdings Channel reports. The fund owned 11,990 shares of the financial services provider’s stock after buying an additional 7,677 shares during the period. Itau Unibanco Holding S.A.’s holdings in Lincoln National were worth $922,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. UBS Asset Management Americas Inc. grew its position in Lincoln National by 16.6% in the 4th quarter. UBS Asset Management Americas Inc. now owns 1,323,021 shares of the financial services provider’s stock valued at $101,701,000 after acquiring an additional 188,124 shares during the last quarter. Schroder Investment Management Group grew its position in Lincoln National by 862.9% in the 4th quarter. Schroder Investment Management Group now owns 71,523 shares of the financial services provider’s stock valued at $5,498,000 after acquiring an additional 64,095 shares during the last quarter. Rhumbline Advisers grew its position in Lincoln National by 0.7% in the 4th quarter. Rhumbline Advisers now owns 404,109 shares of the financial services provider’s stock valued at $31,064,000 after acquiring an additional 2,650 shares during the last quarter. Arizona State Retirement System grew its position in Lincoln National by 12.1% in the 4th quarter. Arizona State Retirement System now owns 110,928 shares of the financial services provider’s stock valued at $8,527,000 after acquiring an additional 11,945 shares during the last quarter. Finally, Capital Fund Management S.A. grew its position in Lincoln National by 61.5% in the 4th quarter. Capital Fund Management S.A. now owns 283,419 shares of the financial services provider’s stock valued at $21,786,000 after acquiring an additional 107,900 shares during the last quarter. 79.29% of the stock is currently owned by institutional investors.

In related news, EVP Ellen Cooper sold 7,300 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $85.01, for a total transaction of $620,573.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Randal J. Freitag sold 31,657 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $84.32, for a total value of $2,669,318.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 141,324 shares of company stock worth $11,961,400. 1.12% of the stock is owned by corporate insiders.

A number of equities analysts have recently issued reports on the company. Barclays reissued a “buy” rating and set a $90.00 price target on shares of Lincoln National in a research report on Tuesday, January 9th. Zacks Investment Research raised Lincoln National from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a research report on Monday, January 8th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $89.00 price target on shares of Lincoln National in a research report on Friday, December 22nd. Royal Bank of Canada reissued a “buy” rating and set a $86.00 price target on shares of Lincoln National in a research report on Friday, December 8th. Finally, JPMorgan Chase & Co. raised Lincoln National from a “neutral” rating to an “overweight” rating and set a $87.00 price target on the stock in a research report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $83.27.

Shares of Lincoln National Co. (NYSE LNC) opened at $77.58 on Monday. Lincoln National Co. has a 12-month low of $61.45 and a 12-month high of $86.68. The firm has a market capitalization of $16,976.79, a PE ratio of 8.40, a P/E/G ratio of 1.14 and a beta of 1.96. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.11 and a current ratio of 0.10.

Lincoln National (NYSE:LNC) last issued its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.04. Lincoln National had a return on equity of 10.86% and a net margin of 14.48%. The company had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter last year, the company earned $1.77 earnings per share. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. equities analysts expect that Lincoln National Co. will post 8.5 EPS for the current year.

Lincoln National announced that its Board of Directors has authorized a share repurchase plan on Friday, January 19th that authorizes the company to buyback outstanding shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

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Lincoln National 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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Institutional Ownership by Quarter for Lincoln National (NYSE:LNC)

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