Caxton Associates LLP Acquires New Position in Lincoln National Corporation $LNC

Key Points

• Caxton Associates LLP has acquired a new stake in Lincoln National Corporation, purchasing 84,711 shares worth approximately $3,042,000 during the first quarter.
• Lincoln National recently reported **earnings per share** of $2.36 for the last quarter, exceeding analysts' estimates of $1.91, although revenue fell short of expectations at $4.04 billion.
• The company announced a **quarterly dividend** of $0.45 to be paid on November 3rd, with a dividend yield of **4.3%** based on an annualized amount of $1.80.

Caxton Associates LLP purchased a new stake in Lincoln National Corporation (NYSE:LNC - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 84,711 shares of the financial services provider's stock, valued at approximately $3,042,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. State of Wyoming lifted its position in Lincoln National by 2.7% in the first quarter. State of Wyoming now owns 11,630 shares of the financial services provider's stock valued at $418,000 after acquiring an additional 305 shares during the last quarter. Baader Bank Aktiengesellschaft lifted its position in Lincoln National by 4.7% in the first quarter. Baader Bank Aktiengesellschaft now owns 7,329 shares of the financial services provider's stock valued at $261,000 after acquiring an additional 329 shares during the last quarter. MAI Capital Management raised its holdings in shares of Lincoln National by 18.1% in the first quarter. MAI Capital Management now owns 2,301 shares of the financial services provider's stock valued at $83,000 after buying an additional 352 shares during the last quarter. SYM FINANCIAL Corp raised its holdings in shares of Lincoln National by 5.9% in the first quarter. SYM FINANCIAL Corp now owns 7,154 shares of the financial services provider's stock valued at $257,000 after buying an additional 400 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its holdings in shares of Lincoln National by 5.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 9,236 shares of the financial services provider's stock valued at $293,000 after buying an additional 513 shares during the last quarter. 72.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. National Bankshares set a $41.00 target price on shares of Lincoln National in a report on Monday, August 18th. Morgan Stanley upped their target price on shares of Lincoln National from $38.00 to $41.00 and gave the company an "equal weight" rating in a report on Monday, August 18th. Wells Fargo & Company reaffirmed a "positive" rating on shares of Lincoln National in a report on Tuesday, August 5th. JPMorgan Chase & Co. upped their target price on shares of Lincoln National from $38.00 to $41.00 and gave the company an "underweight" rating in a report on Tuesday, July 8th. Finally, Wall Street Zen raised shares of Lincoln National from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $39.70.

Insider Activity at Lincoln National

In other news, EVP John Christopher Kennedy sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $39.29, for a total value of $196,450.00. Following the sale, the executive vice president directly owned 123,815 shares in the company, valued at $4,864,691.35. This represents a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.51% of the stock is owned by corporate insiders.

Lincoln National Price Performance

Shares of LNC stock traded up $0.01 during trading hours on Friday, hitting $42.16. The company's stock had a trading volume of 1,399,249 shares, compared to its average volume of 1,942,953. The business has a fifty day moving average of $38.42 and a 200-day moving average of $35.33. The stock has a market cap of $7.99 billion, a price-to-earnings ratio of 7.36, a P/E/G ratio of 0.56 and a beta of 1.48. Lincoln National Corporation has a twelve month low of $27.58 and a twelve month high of $43.66. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.67.

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, beating the consensus estimate of $1.91 by $0.45. The business 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 period in the prior year, the business earned $1.87 earnings per share. As a group, equities research analysts anticipate that Lincoln National Corporation will post 7.69 EPS for the current year.

Lincoln National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be given a $0.45 dividend. The ex-dividend date is Friday, October 10th. This represents a $1.80 annualized dividend and a dividend yield of 4.3%. Lincoln National's dividend 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.