Nomura Asset Management Co. Ltd. Has $2.52 Million Holdings in Lincoln National Co. (NYSE:LNC)

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Nomura Asset Management Co. Ltd. lessened its stake in Lincoln National Co. (NYSE:LNC) by 2.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,092 shares of the financial services provider’s stock after selling 1,174 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Lincoln National were worth $2,519,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. World Asset Management Inc raised its stake in Lincoln National by 1.1% during the second quarter. World Asset Management Inc now owns 14,725 shares of the financial services provider’s stock worth $949,000 after acquiring an additional 163 shares in the last quarter. Wright Investors Service Inc. increased its stake in shares of Lincoln National by 0.9% in the second quarter. Wright Investors Service Inc. now owns 22,932 shares of the financial services provider’s stock valued at $1,478,000 after buying an additional 195 shares during the period. Signaturefd LLC increased its stake in shares of Lincoln National by 4.1% in the first quarter. Signaturefd LLC now owns 5,300 shares of the financial services provider’s stock valued at $311,000 after buying an additional 209 shares during the period. Savant Capital LLC increased its stake in shares of Lincoln National by 3.5% in the second quarter. Savant Capital LLC now owns 6,277 shares of the financial services provider’s stock valued at $405,000 after buying an additional 210 shares during the period. Finally, Impax Asset Management Group plc increased its stake in shares of Lincoln National by 6.7% in the second quarter. Impax Asset Management Group plc now owns 3,706 shares of the financial services provider’s stock valued at $239,000 after buying an additional 233 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

LNC has been the subject of several recent research reports. Citigroup lowered their price objective on Lincoln National from $75.00 to $70.00 and set a “buy” rating for the company in a research note on Friday, September 13th. Goldman Sachs Group raised Lincoln National from a “neutral” rating to a “buy” rating and upped their price objective for the company from $65.00 to $77.00 in a research note on Tuesday, June 25th. ValuEngine downgraded Lincoln National from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. Morgan Stanley lowered their price objective on Lincoln National from $76.00 to $75.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 20th. Finally, Barclays set a $69.00 target price on Lincoln National and gave the company a “buy” rating in a report on Monday, August 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $74.64.

LNC stock traded up $0.40 during trading on Thursday, hitting $61.52. The company had a trading volume of 75,846 shares, compared to its average volume of 1,305,942. The business has a 50-day moving average of $55.99 and a 200-day moving average of $61.76. Lincoln National Co. has a one year low of $48.07 and a one year high of $71.27. The stock has a market cap of $12.32 billion, a PE ratio of 7.27, a PEG ratio of 0.73 and a beta of 1.97. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.30.

Lincoln National (NYSE:LNC) last announced its earnings results on Wednesday, July 31st. The financial services provider reported $2.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.32 by $0.04. Lincoln National had a return on equity of 11.85% and a net margin of 8.74%. The business had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.46 billion. During the same period in the prior year, the business posted $2.02 earnings per share. The firm’s revenue was up 7.2% on a year-over-year basis. Research analysts forecast that Lincoln National Co. will post 9.3 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Wednesday, October 9th. Lincoln National’s payout ratio is presently 17.45%.

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

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