12,140 Shares in Lincoln National Corporation $LNC Bought by Counterpoint Mutual Funds LLC

Key Points

• Counterpoint Mutual Funds LLC purchased 12,140 shares in Lincoln National Corporation, valued at approximately $420,000, during the 2nd quarter.
• The company reported an earnings per share (EPS) of $2.36 for the recent quarter, exceeding analysts' expectations of $1.91.
• Lincoln National declared a quarterly dividend of $0.45 per share, representing a 4.4% dividend yield, payable on November 3rd to shareholders on record by October 10th.

Counterpoint Mutual Funds LLC purchased a new stake in Lincoln National Corporation (NYSE:LNC - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 12,140 shares of the financial services provider's stock, valued at approximately $420,000.

A number of other hedge funds also recently made changes to their positions in LNC. Hollencrest Capital Management lifted its position in Lincoln National by 383.2% in the 1st quarter. Hollencrest Capital Management now owns 749 shares of the financial services provider's stock worth $27,000 after buying an additional 594 shares during the last quarter. NBC Securities Inc. purchased a new stake in Lincoln National in the 1st quarter worth approximately $33,000. Brooklyn Investment Group increased its position in Lincoln National by 82.9% during the 1st 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 during the period. CX Institutional increased its position in shares of Lincoln National by 354.2% during the second quarter. CX Institutional now owns 1,685 shares of the financial services provider's stock valued at $58,000 after buying an additional 1,314 shares during the period. Finally, Rossby Financial LCC bought a new position in shares of Lincoln National in the 1st quarter worth approximately $66,000. 72.81% of the stock is owned by institutional investors.

Insider Activity at Lincoln National

In other news, EVP John Christopher Kennedy sold 5,000 shares of Lincoln National 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 completion of the sale, the executive vice president owned 123,815 shares of the company's stock, valued at approximately $4,864,691.35. The trade was a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.54% of the company's stock.

Lincoln National Stock Performance

NYSE LNC opened at $40.58 on Wednesday. Lincoln National Corporation has a fifty-two week low of $27.58 and a fifty-two week high of $43.66. The company has a market cap of $7.69 billion, a P/E ratio of 7.08, a P/E/G ratio of 0.56 and a beta of 1.48. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.26 and a current ratio of 0.26. The business's 50 day moving average price is $39.42 and its 200-day moving average price is $35.52.

Lincoln National (NYSE:LNC - Get Free Report) last released its quarterly 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 firm had revenue of $4.04 billion during 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 previous year, the company earned $1.87 EPS. Sell-side analysts predict that Lincoln National Corporation will post 7.69 earnings per share for the current year.

Lincoln National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Friday, October 10th. Lincoln National's dividend payout ratio (DPR) is currently 31.41%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LNC. Cfra Research upgraded shares of Lincoln National to a "hold" rating in a research note on Wednesday, August 6th. Wall Street Zen raised shares of Lincoln National from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Wells Fargo & Company reissued a "positive" rating on shares of Lincoln National in a report on Tuesday, August 5th. Keefe, Bruyette & Woods upped their price target on shares of Lincoln National from $40.00 to $42.00 and gave the stock a "market perform" rating in a research report on Monday, August 4th. Finally, JPMorgan Chase & Co. increased their target price on Lincoln National from $38.00 to $41.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 8th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $39.45.

About Lincoln National

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.

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