Focus Partners Advisor Solutions LLC Purchases New Holdings in Lincoln National Corporation $LNC

Key Points

• Focus Partners Advisor Solutions LLC invested $241,000 in Lincoln National Corporation by acquiring 6,707 shares in the first quarter.
• Lincoln National recently announced a quarterly dividend of $0.45, which represents a yield of 4.3% and a payout ratio of 31.41%.
• The company reported earnings per share of $2.36 for the last quarter, exceeding the consensus estimate of $1.91 by $0.45.

Focus Partners Advisor Solutions LLC purchased a new position in Lincoln National Corporation (NYSE:LNC - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 6,707 shares of the financial services provider's stock, valued at approximately $241,000.

Other hedge funds have also modified their holdings of the company. Janney Montgomery Scott LLC increased its stake in shares of Lincoln National by 22.2% in the first 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 during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Lincoln National by 34.1% in the first 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 during the last quarter. Integrated Advisors Network LLC acquired a new position in shares of Lincoln National in the first quarter worth $293,000. DMC Group LLC increased its stake in shares of Lincoln National by 47.1% in the first 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 during the last quarter. Finally, Smith Salley Wealth Management acquired a new position in shares of Lincoln National in the first quarter worth $268,000. 72.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of Lincoln National from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. National Bankshares set a $41.00 price target on shares of Lincoln National in a research note on Monday, August 18th. JPMorgan Chase & Co. upped their price target on shares of Lincoln National from $38.00 to $41.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 8th. Cfra Research raised shares of Lincoln National to a "hold" rating in a research report on Wednesday, August 6th. Finally, Keefe, Bruyette & Woods increased their target price 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. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $39.70.

Lincoln National Stock Performance

Shares of NYSE LNC traded up $0.01 during mid-day trading on Friday, hitting $42.16. The company had a trading volume of 1,399,610 shares, compared to its average volume of 1,578,492. The firm has a market cap 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 Corporation has a 12 month low of $27.58 and a 12 month high of $43.66. The business's 50-day simple moving average is $38.57 and its 200-day simple moving average is $35.37.

Lincoln National (NYSE:LNC - Get Free Report) last announced 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 quarter last year, the company earned $1.87 earnings per share. As a group, analysts predict that Lincoln National Corporation will post 7.69 earnings per share for the current fiscal year.

Lincoln National Announces Dividend

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

Insider Buying and Selling

In other Lincoln National news, EVP John Christopher Kennedy sold 5,000 shares of the firm's stock in a transaction dated 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 owned 123,815 shares in the company, valued at $4,864,691.35. This trade represents a 3.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.51% of the stock is currently owned by corporate insiders.

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.