Lincoln National Corporation $LNC Shares Sold by Trust Investment Advisors

Trust Investment Advisors lowered its stake in shares of Lincoln National Corporation (NYSE:LNC) by 4.2% during the second quarter, Holdings Channel reports. The fund owned 37,849 shares of the financial services provider’s stock after selling 1,677 shares during the period. Trust Investment Advisors’ holdings in Lincoln National were worth $1,310,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hollencrest Capital Management increased its holdings in Lincoln National by 383.2% during the 1st quarter. Hollencrest Capital Management now owns 749 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 594 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of Lincoln National during the second quarter worth about $29,000. Brooklyn Investment Group increased its stake in shares of Lincoln National by 82.9% during the first quarter. Brooklyn Investment Group now owns 1,156 shares of the financial services provider’s stock worth $42,000 after buying an additional 524 shares during the period. Friedenthal Financial purchased a new stake in shares of Lincoln National during the second quarter worth approximately $42,000. Finally, CX Institutional raised its holdings in 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 acquiring an additional 1,314 shares in the last quarter. 72.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lincoln National

In other news, EVP John Christopher Kennedy sold 5,000 shares of the firm’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 trade represents a 3.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.51% of the company’s stock.

Analyst Upgrades and Downgrades

LNC has been the topic of a number of recent analyst reports. Morgan Stanley dropped their price objective on shares of Lincoln National from $58.00 to $53.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. Wolfe Research raised Lincoln National to a “strong sell” rating in a report on Tuesday, September 16th. Piper Sandler restated a “neutral” rating and issued a $42.00 price target on shares of Lincoln National in a research note on Tuesday, October 7th. Evercore ISI upped their price objective on Lincoln National from $45.00 to $46.00 and gave the stock an “in-line” rating in a research report on Thursday, October 9th. Finally, Cfra Research raised Lincoln National to a “hold” rating in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Lincoln National presently has a consensus rating of “Reduce” and an average target price of $43.09.

Lincoln National Stock Performance

NYSE LNC opened at $40.34 on Tuesday. The company has a fifty day moving average of $40.77 and a two-hundred day moving average of $36.38. The company has a market capitalization of $7.65 billion, a PE ratio of 7.04, a P/E/G ratio of 0.50 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 company has a debt-to-equity ratio of 0.67, a current ratio of 0.26 and a quick ratio of 0.26.

Lincoln National (NYSE:LNC) last posted its earnings results on Thursday, July 31st. The financial services provider reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.45. The business had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $4.65 billion. Lincoln National had a return on equity of 19.14% and a net margin of 6.34%.During the same quarter in the previous year, the firm earned $1.87 earnings per share. As a group, analysts expect that Lincoln National Corporation will post 7.69 earnings per share for the current year.

Lincoln National Dividend Announcement

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