Leavell Investment Management Inc. Has $217,000 Stake in Lincoln National Corporation $LNC

Leavell Investment Management Inc. decreased its position in shares of Lincoln National Corporation (NYSE:LNC) by 18.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,262 shares of the financial services provider’s stock after selling 1,423 shares during the period. Leavell Investment Management Inc.’s holdings in Lincoln National were worth $217,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hollencrest Capital Management increased its holdings in shares of Lincoln National by 383.2% in the first quarter. Hollencrest Capital Management now owns 749 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 594 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Lincoln National in the second quarter valued at approximately $29,000. Brooklyn Investment Group increased its holdings in shares of Lincoln National by 82.9% in the first quarter. Brooklyn Investment Group now owns 1,156 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 524 shares in the last quarter. Friedenthal Financial acquired a new stake in shares of Lincoln National in the second quarter valued at approximately $42,000. Finally, CX Institutional increased its holdings in shares of Lincoln National by 354.2% in the second quarter. CX Institutional now owns 1,685 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 1,314 shares in the last quarter. Institutional investors and hedge funds own 72.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Cfra Research raised shares of Lincoln National to a “hold” rating in a report on Wednesday, August 6th. Morgan Stanley lowered their price target on shares of Lincoln National from $58.00 to $53.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Lincoln National in a research note on Wednesday, October 8th. National Bankshares set a $53.00 price objective on shares of Lincoln National in a research note on Tuesday, October 7th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Lincoln National from $42.00 to $43.00 and gave the company a “market perform” rating in a research note on Thursday, October 9th. One investment analyst has rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $43.09.

Insider Buying and Selling at Lincoln National

In other news, EVP John Christopher Kennedy sold 5,000 shares of Lincoln National stock in a transaction 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 of the company’s stock, valued at $4,864,691.35. This trade represents a 3.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

Lincoln National Trading Up 1.0%

Shares of NYSE LNC opened at $40.34 on Tuesday. The company’s fifty day moving average is $40.77 and its 200-day moving average is $36.38. The stock has a market cap of $7.65 billion, a price-to-earnings ratio of 7.04, a P/E/G ratio of 0.50 and a beta of 1.43. Lincoln National Corporation has a twelve month low of $27.58 and a twelve month high of $43.66. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.67.

Lincoln National (NYSE:LNC) last announced its quarterly earnings results on Thursday, July 31st. The financial services provider reported $2.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.45. The company 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 last year, the firm posted $1.87 earnings per share. Equities research analysts predict that Lincoln National Corporation will post 7.69 EPS for the current year.

Lincoln National Dividend Announcement

The company also recently declared 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 of this dividend is Friday, October 10th. Lincoln National’s dividend payout ratio (DPR) is currently 31.41%.

Lincoln National Company 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.