PARK CIRCLE Co Takes Position in Lincoln National Corporation (NYSE:LNC)

Key Points

• PARK CIRCLE Co acquired 14,360 shares of Lincoln National Corporation, valued at approximately $516,000, according to a recent SEC filing.
• Lincoln National reported earnings of $2.36 per share, exceeding analysts' expectations of $1.91, with a revenue of $4.04 billion for the quarter.
• The company announced a quarterly dividend of $0.45 per share, resulting in a yield of 4.6%, with a payout ratio of 31.41%.

PARK CIRCLE Co bought a new stake in shares of Lincoln National Corporation (NYSE:LNC - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 14,360 shares of the financial services provider's stock, valued at approximately $516,000.

Several other large investors have also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA boosted its position in shares of Lincoln National by 2.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,854,788 shares of the financial services provider's stock valued at $174,335,000 after purchasing an additional 97,600 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Lincoln National by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,876,319 shares of the financial services provider's stock valued at $91,208,000 after purchasing an additional 56,614 shares in the last quarter. Balyasny Asset Management L.P. boosted its position in shares of Lincoln National by 301.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,522,195 shares of the financial services provider's stock valued at $48,269,000 after purchasing an additional 1,142,759 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Lincoln National by 53.1% during the 4th quarter. First Trust Advisors LP now owns 1,258,512 shares of the financial services provider's stock valued at $39,907,000 after purchasing an additional 436,462 shares in the last quarter. Finally, Voloridge Investment Management LLC boosted its position in shares of Lincoln National by 4.6% during the 4th quarter. Voloridge Investment Management LLC now owns 1,118,235 shares of the financial services provider's stock valued at $35,459,000 after purchasing an additional 49,496 shares in the last quarter. Institutional investors and hedge funds own 72.81% of the company's stock.

Insider Activity at Lincoln National

In other news, EVP Brian Kroll sold 10,075 shares of Lincoln National stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $33.10, for a total value of $333,482.50. Following the transaction, the executive vice president owned 48,743 shares of the company's stock, valued at $1,613,393.30. This trade represents a 17.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the executive vice president directly owned 123,815 shares in the company, valued at approximately $4,864,691.35. This represents a 3.88% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,697 shares of company stock valued at $1,959,862. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LNC. Barclays raised their price objective on shares of Lincoln National from $38.00 to $40.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. raised their target price on shares of Lincoln National from $38.00 to $41.00 and gave the stock an "underweight" rating in a report on Tuesday, July 8th. Cfra Research upgraded shares of Lincoln National to a "hold" rating in a report on Wednesday, August 6th. Wall Street Zen upgraded shares of Lincoln National from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Keefe, Bruyette & Woods raised their target price on shares of Lincoln National from $40.00 to $42.00 and gave the stock a "market perform" rating in a report on Monday, August 4th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $39.22.

Lincoln National Stock Up 0.2%

Shares of LNC stock traded up $0.09 during trading on Monday, hitting $38.25. 671,334 shares of the company were exchanged, compared to its average volume of 1,978,823. The firm has a market capitalization of $7.25 billion, a price-to-earnings ratio of 6.68, a P/E/G ratio of 0.53 and a beta of 1.42. The business's 50-day simple moving average is $34.52 and its 200 day simple moving average is $34.48. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.26 and a current ratio of 0.26. Lincoln National Corporation has a twelve month low of $27.58 and a twelve month high of $39.85.

Lincoln National (NYSE:LNC - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The financial services provider reported $2.36 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.45. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.65 billion. Lincoln National had a net margin of 6.34% and a return on equity of 19.14%. During the same quarter last year, the firm earned $1.87 earnings per share. As a group, analysts forecast that Lincoln National Corporation will post 7.69 EPS for the current fiscal year.

Lincoln National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Thursday, July 10th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Thursday, July 10th. Lincoln National's dividend payout ratio (DPR) is presently 31.41%.

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.