Lincoln National Corporation $LNC Shares Sold by SYM FINANCIAL Corp

SYM FINANCIAL Corp trimmed its holdings in shares of Lincoln National Corporation (NYSE:LNC) by 9.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 6,492 shares of the financial services provider’s stock after selling 662 shares during the quarter. SYM FINANCIAL Corp’s holdings in Lincoln National were worth $225,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hollencrest Capital Management lifted its holdings in shares of Lincoln National by 383.2% during the 1st quarter. Hollencrest Capital Management now owns 749 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 594 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Lincoln National in the second quarter worth about $29,000. Brooklyn Investment Group boosted its position 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 worth $42,000 after buying an additional 524 shares during the period. Friedenthal Financial purchased a new stake in shares of Lincoln National in the second quarter worth about $42,000. Finally, CX Institutional boosted its position 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 worth $58,000 after buying an additional 1,314 shares during the period. 72.81% of the stock is owned by institutional investors and hedge funds.

Lincoln National Stock Performance

Shares of LNC stock opened at $40.15 on Wednesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.26 and a current ratio of 0.26. Lincoln National Corporation has a one year low of $27.58 and a one year high of $43.66. The company’s 50-day simple moving average is $40.76 and its 200-day simple moving average is $36.45. The stock has a market capitalization of $7.61 billion, a price-to-earnings ratio of 7.01, a PEG ratio of 0.51 and a beta of 1.43.

Lincoln National (NYSE:LNC) last released 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. Lincoln National had a return on equity of 19.14% and a net margin of 6.34%.The company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $4.65 billion. During the same quarter last year, the business posted $1.87 EPS. Equities analysts anticipate that Lincoln National Corporation will post 7.69 earnings per share for the current fiscal year.

Lincoln National Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, October 10th. This represents a $1.80 annualized dividend and a yield of 4.5%. Lincoln National’s dividend payout ratio (DPR) is 31.41%.

Insider Transactions at Lincoln National

In related news, EVP John Christopher Kennedy sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 7th. The stock was 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 $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 owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Wells Fargo & Company upped their price target on Lincoln National from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. Evercore ISI upped their target price on shares of Lincoln National from $45.00 to $46.00 and gave the company an “in-line” rating in a research note on Thursday, October 9th. Morgan Stanley decreased their target price on shares of Lincoln National from $58.00 to $53.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Barclays upped their price objective on shares of Lincoln National from $42.00 to $46.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. Finally, National Bankshares set a $53.00 price objective on shares of Lincoln National in a research report on Tuesday, October 7th. One equities research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $43.09.

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.