Stratos Wealth Partners LTD. Has $980,000 Position in Lincoln National Corporation $LNC

Stratos Wealth Partners LTD. lowered its stake in shares of Lincoln National Corporation (NYSE:LNC) by 1.1% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 28,338 shares of the financial services provider’s stock after selling 302 shares during the period. Stratos Wealth Partners LTD.’s holdings in Lincoln National were worth $980,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its position in shares of Lincoln National by 34.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 204,010 shares of the financial services provider’s stock valued at $7,346,000 after buying an additional 51,823 shares during the last quarter. DMC Group LLC raised its position in shares of Lincoln National by 47.1% during the first quarter. DMC Group LLC now owns 25,749 shares of the financial services provider’s stock valued at $925,000 after buying an additional 8,250 shares during the last quarter. Smith Salley Wealth Management acquired a new position in shares of Lincoln National during the first quarter valued at about $268,000. Atlas Capital Advisors Inc. raised its position in shares of Lincoln National by 4,083.7% during the first quarter. Atlas Capital Advisors Inc. now owns 19,705 shares of the financial services provider’s stock valued at $708,000 after buying an additional 19,234 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Lincoln National by 6.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 31,437 shares of the financial services provider’s stock valued at $1,129,000 after buying an additional 1,770 shares during the last quarter. Institutional investors and hedge funds own 72.81% of the company’s stock.

Insider Activity

In other news, EVP John Christopher Kennedy sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $39.29, for a total transaction of $196,450.00. Following the transaction, the executive vice president directly owned 123,815 shares in the company, valued at approximately $4,864,691.35. This represents a 3.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wolfe Research raised shares of Lincoln National to a “strong sell” rating in a research note on Tuesday, September 16th. Cfra Research raised shares of Lincoln National to a “hold” rating in a research note on Wednesday, August 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of Lincoln National in a research note on Wednesday, October 8th. Morgan Stanley lowered their target price on shares of Lincoln National from $58.00 to $53.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 7th. Finally, Barclays upped their target price on shares of Lincoln National from $42.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $43.09.

Lincoln National Price Performance

Shares of Lincoln National stock opened at $39.76 on Wednesday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $7.54 billion, a price-to-earnings ratio of 6.94, a P/E/G ratio of 0.49 and a beta of 1.43. Lincoln National Corporation has a 1-year low of $27.58 and a 1-year high of $43.66. The firm’s 50-day moving average price is $40.83 and its two-hundred day moving average price is $36.08.

Lincoln National (NYSE:LNC) last issued its quarterly earnings data on Thursday, July 31st. The financial services provider reported $2.36 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.45. The firm had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $4.65 billion. Lincoln National had a net margin of 6.34% and a return on equity of 19.14%. During the same period in the prior year, the firm earned $1.87 earnings per share. On average, equities analysts predict that Lincoln National Corporation will post 7.69 earnings per share for the current fiscal year.

Lincoln National Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Friday, October 10th. Lincoln National’s dividend payout ratio is presently 31.41%.

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.