Focus Partners Advisor Solutions LLC Invests $241,000 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 stake in Lincoln National Corporation (NYSE:LNC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,707 shares of the financial services provider's stock, valued at approximately $241,000.

Several other institutional investors have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA boosted its stake in Lincoln National by 2.1% in 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 during the period. Dimensional Fund Advisors LP boosted its stake in Lincoln National by 7.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,084,433 shares of the financial services provider's stock valued at $110,753,000 after purchasing an additional 208,114 shares during the period. Northern Trust Corp boosted its stake in Lincoln National by 6.1% in the 1st quarter. Northern Trust Corp now owns 2,566,274 shares of the financial services provider's stock valued at $92,155,000 after purchasing an additional 146,667 shares during the period. Invesco Ltd. boosted its stake in Lincoln National by 0.4% in the 1st quarter. Invesco Ltd. now owns 1,597,913 shares of the financial services provider's stock valued at $57,381,000 after purchasing an additional 5,936 shares during the period. Finally, Voloridge Investment Management LLC boosted its stake in Lincoln National by 4.6% in 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 during the period. 72.81% of the stock is currently owned by institutional investors.

Insider Transactions at Lincoln National

In other Lincoln National news, EVP John Christopher Kennedy sold 5,000 shares of the company's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $39.29, for a total value of $196,450.00. Following the completion of the transaction, the executive vice president owned 123,815 shares of the company's stock, valued at $4,864,691.35. This represents a 3.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is currently owned by insiders.

Lincoln National Price Performance

Shares of LNC stock opened at $42.14 on Monday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.67. Lincoln National Corporation has a twelve month low of $27.58 and a twelve month high of $43.66. The company has a market cap of $7.99 billion, a P/E ratio of 7.35, a P/E/G ratio of 0.58 and a beta of 1.48. The business has a fifty day simple moving average of $37.87 and a 200 day simple moving average of $35.18.

Lincoln National (NYSE:LNC - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The financial services provider reported $2.36 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.45. Lincoln National had a return on equity of 19.14% and a net margin of 6.34%.The business had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.65 billion. During the same period in the prior year, the company earned $1.87 EPS. On average, sell-side analysts forecast that Lincoln National Corporation will post 7.69 EPS for the current fiscal year.

Lincoln National Announces Dividend

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

Analysts Set New Price Targets

LNC has been the subject of several recent research reports. Wells Fargo & Company restated a "positive" rating on shares of Lincoln National in a research note on Tuesday, August 5th. Wall Street Zen raised Lincoln National from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. JPMorgan Chase & Co. lifted their price objective on Lincoln National from $38.00 to $41.00 and gave the company an "underweight" rating in a report on Tuesday, July 8th. Morgan Stanley lifted their price objective on Lincoln National from $38.00 to $41.00 and gave the company an "equal weight" rating in a report on Monday, August 18th. Finally, National Bankshares set a $41.00 price objective on Lincoln National in a report on Monday, August 18th. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $39.70.

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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