Los Angeles Capital Management & Equity Research Inc. lifted its position in Lincoln National Co. (NYSE:LNC) by 19.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 112,219 shares of the financial services provider’s stock after buying an additional 18,339 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.06% of Lincoln National worth $7,233,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Gemmer Asset Management LLC raised its position in shares of Lincoln National by 89.7% during the first quarter. Gemmer Asset Management LLC now owns 423 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 200 shares during the period. NuWave Investment Management LLC grew its stake in Lincoln National by 603.1% in the first quarter. NuWave Investment Management LLC now owns 450 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 386 shares in the last quarter. Horan Capital Advisors LLC. purchased a new position in Lincoln National in the first quarter valued at about $34,000. Cullen Frost Bankers Inc. purchased a new position in Lincoln National in the first quarter valued at about $51,000. Finally, Investors Research Corp purchased a new position in Lincoln National in the first quarter valued at about $76,000. 81.53% of the stock is currently owned by institutional investors.
In other Lincoln National news, CAO Christine A. Janofsky sold 7,928 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $62.62, for a total value of $496,451.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Lisa Buckingham sold 8,500 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $62.70, for a total value of $532,950.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,166 shares of company stock valued at $1,785,211. Insiders own 1.50% of the company’s stock.
Lincoln National stock traded up $1.28 during trading hours on Tuesday, hitting $55.04. The stock had a trading volume of 13,540 shares, compared to its average volume of 1,582,530. The company’s 50-day simple moving average is $63.52. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.21 and a current ratio of 0.21. The stock has a market cap of $10.86 billion, a P/E ratio of 6.50, a PEG ratio of 0.67 and a beta of 1.91. Lincoln National Co. has a fifty-two week low of $48.07 and a fifty-two week high of $71.27.
Lincoln National (NYSE:LNC) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $2.36 EPS for the quarter, beating the consensus estimate of $2.32 by $0.04. The firm had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.46 billion. Lincoln National had a return on equity of 11.85% and a net margin of 8.74%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.02 EPS. On average, equities analysts anticipate that Lincoln National Co. will post 9.3 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $1.48 annualized dividend and a yield of 2.69%. Lincoln National’s dividend payout ratio (DPR) is 17.45%.
Lincoln National Company Profile
Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The Annuities segment offers variable, fixed, and indexed variable annuities.
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