84,711 Shares in Lincoln National Corporation $LNC Acquired by Caxton Associates LLP

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 acquired a new position in Lincoln National Corporation (NYSE:LNC - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 84,711 shares of the financial services provider's stock, valued at approximately $3,042,000.

Other hedge funds have also recently made changes to their positions in the company. Janney Montgomery Scott LLC raised its position in shares of Lincoln National by 22.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 184,957 shares of the financial services provider's stock worth $6,642,000 after acquiring an additional 33,644 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Lincoln National by 34.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 204,010 shares of the financial services provider's stock worth $7,346,000 after acquiring an additional 51,823 shares in the last quarter. Integrated Advisors Network LLC bought a new position in shares of Lincoln National in the 1st quarter worth about $293,000. DMC Group LLC raised its position in shares of Lincoln National by 47.1% in the 1st quarter. DMC Group LLC now owns 25,749 shares of the financial services provider's stock worth $925,000 after acquiring an additional 8,250 shares in the last quarter. Finally, Smith Salley Wealth Management bought a new position in shares of Lincoln National in the 1st quarter worth about $268,000. 72.81% of the stock is owned by institutional investors.

Lincoln National Stock Performance

Shares of NYSE LNC traded up $0.01 during midday trading on Friday, reaching $42.16. The company's stock had a trading volume of 1,399,610 shares, compared to its average volume of 1,578,492. Lincoln National Corporation has a 12-month low of $27.58 and a 12-month high of $43.66. The firm has a 50 day moving average price of $38.57 and a 200-day moving average price of $35.37. The stock has a market capitalization of $7.99 billion, a P/E ratio of 7.36, a PEG ratio of 0.57 and a beta of 1.48. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.26 and a quick ratio of 0.26.

Lincoln National (NYSE:LNC - Get Free Report) last announced its earnings results on Thursday, July 31st. The financial services provider reported $2.36 earnings per share 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 firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $4.65 billion. During the same quarter in the previous year, the business earned $1.87 EPS. As a group, equities analysts predict that Lincoln National Corporation will post 7.69 earnings per share for the current year.

Lincoln National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Friday, October 10th. Lincoln National's payout ratio is presently 31.41%.

Analyst Ratings Changes

Several brokerages have recently commented on LNC. Keefe, Bruyette & Woods raised their target price on Lincoln National from $40.00 to $42.00 and gave the company a "market perform" rating in a research note on Monday, August 4th. Morgan Stanley raised their target price on Lincoln National from $38.00 to $41.00 and gave the company an "equal weight" rating in a research note on Monday, August 18th. Wells Fargo & Company restated a "positive" rating on shares of Lincoln National in a research note on Tuesday, August 5th. National Bankshares set a $41.00 target price on Lincoln National in a research note on Monday, August 18th. Finally, JPMorgan Chase & Co. raised their target price on Lincoln National from $38.00 to $41.00 and gave the company an "underweight" rating in a research note on Tuesday, July 8th. One equities research 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.com, the stock currently has an average rating of "Hold" and a consensus target price of $39.70.

Insider Activity at Lincoln National

In related 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 value of $196,450.00. Following 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.51% of the company's stock.

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.