39,759 Shares of Lincoln National Corporation $LNC Acquired by VCI Wealth Management LLC

VCI Wealth Management LLC acquired a new stake in shares of Lincoln National Corporation (NYSE:LNC) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 39,759 shares of the financial services provider’s stock, valued at approximately $1,601,000.

Several other large investors have also modified their holdings of LNC. Trust Co. of Vermont acquired a new stake in shares of Lincoln National in the second quarter worth approximately $28,000. NBT Bank N A NY grew its holdings in Lincoln National by 2,051.1% in the first quarter. NBT Bank N A NY now owns 968 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 923 shares during the period. Laurel Wealth Advisors LLC acquired a new position in Lincoln National during the third quarter worth approximately $34,000. Reyes Financial Architecture Inc. acquired a new position in Lincoln National during the third quarter worth approximately $36,000. Finally, Latitude Advisors LLC acquired a new position in Lincoln National during the third quarter worth approximately $40,000. 72.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on LNC shares. Morgan Stanley decreased their price target on shares of Lincoln National from $50.00 to $47.00 and set an “overweight” rating on the stock in a report on Monday, October 5th. JPMorgan Chase & Co. lowered their price objective on shares of Lincoln National from $49.00 to $47.00 and set an “underweight” rating for the company in a research note on Thursday, October 15th. National Bank Financial set a $49.00 price objective on Lincoln National in a report on Wednesday, October 7th. Barclays increased their target price on Lincoln National from $45.00 to $48.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 7th. Finally, Bank of America reiterated a “neutral” rating and issued a $47.00 target price on shares of Lincoln National in a report on Thursday, July 30th. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Lincoln National has an average rating of “Hold” and an average price target of $48.67.

Insider Buying and Selling at Lincoln National

In other news, EVP Sean Woodroffe sold 11,000 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $45.28, for a total value of $498,080.00. Following the transaction, the executive vice president owned 119,947 shares of the company’s stock, valued at approximately $5,431,200.16. This trade represents a 8.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gary Kelly sold 15,007 shares of Lincoln National stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $26.50, for a total transaction of $397,685.50. The SEC filing for this sale provides additional information. 1.03% of the stock is owned by corporate insiders.

Lincoln National Stock Up 1.5%

LNC opened at $41.61 on Tuesday. The firm has a 50 day moving average price of $41.70 and a 200 day moving average price of $39.03. The company has a market cap of $7.97 billion, a PE ratio of 3.61, a price-to-earnings-growth ratio of 1.37 and a beta of 1.16. Lincoln National Corporation has a 1 year low of $32.18 and a 1 year high of $47.67. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.27 and a current ratio of 0.27.

Lincoln National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 2nd. Stockholders of record on Monday, October 12th were given a $0.45 dividend. The ex-dividend date of this dividend was Friday, October 9th. This represents a $1.80 annualized dividend and a dividend yield of 4.3%. Lincoln National’s dividend payout ratio is presently 15.60%.

About Lincoln National

Lincoln National Corporation, operating under the Lincoln Financial Group brand, is a financial services company that provides insurance and retirement products primarily in the United States. Its businesses are designed to help individuals, employers and institutions manage financial protection, income and long-term savings needs.

The company offers life insurance and annuities, including products intended to provide death-benefit protection, retirement income and asset accumulation. Through its group protection business, Lincoln also provides employer-sponsored disability, dental, vision and leave-management solutions, as well as related workplace benefits and services.

Lincoln traces its history to the founding of The Lincoln National Life Insurance Company in Fort Wayne, Indiana, in 1905.