Guyasuta Investment Advisors Inc. Has $1.04 Million Stake in Lincoln National Corporation $LNC

Key Points

• Guyasuta Investment Advisors Inc. increased its stake in Lincoln National Corporation by 215.8% in the 2nd quarter, owning 30,000 shares valued at approximately $1.04 million.
• Lincoln National recently declared a $0.45 quarterly dividend, representing an annual yield of 4.4%.
• Analysts have mixed ratings on Lincoln National, with a consensus rating of "Hold" and a price target of $39.45.

Guyasuta Investment Advisors Inc. increased its position in shares of Lincoln National Corporation (NYSE:LNC - Free Report) by 215.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,000 shares of the financial services provider's stock after purchasing an additional 20,500 shares during the period. Guyasuta Investment Advisors Inc.'s holdings in Lincoln National were worth $1,038,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Sage Rhino Capital LLC increased its stake in Lincoln National by 4.8% during the 2nd quarter. Sage Rhino Capital LLC now owns 8,224 shares of the financial services provider's stock worth $285,000 after acquiring an additional 378 shares during the period. State of Alaska Department of Revenue lifted its holdings in Lincoln National by 7.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 101,739 shares of the financial services provider's stock worth $3,519,000 after buying an additional 7,353 shares during the period. BOS Asset Management LLC lifted its holdings in Lincoln National by 17.8% during the 2nd quarter. BOS Asset Management LLC now owns 12,415 shares of the financial services provider's stock worth $430,000 after buying an additional 1,872 shares during the period. CX Institutional lifted its holdings in Lincoln National by 354.2% during the 2nd quarter. CX Institutional now owns 1,685 shares of the financial services provider's stock worth $58,000 after buying an additional 1,314 shares during the period. Finally, Register Financial Advisors LLC lifted its stake in shares of Lincoln National by 64.8% in the 2nd quarter. Register Financial Advisors LLC now owns 33,846 shares of the financial services provider's stock valued at $1,171,000 after purchasing an additional 13,303 shares during the period. Institutional investors own 72.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on LNC shares. Wells Fargo & Company reaffirmed a "positive" rating on shares of Lincoln National in a research report on Tuesday, August 5th. Morgan Stanley raised Lincoln National from an "equal weight" rating to an "overweight" rating in a report on Friday, September 19th. National Bankshares set a $41.00 price objective on Lincoln National in a research note on Monday, August 18th. JPMorgan Chase & Co. increased their target price on Lincoln National from $38.00 to $41.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods increased their target price on Lincoln National from $40.00 to $42.00 and gave the stock a "market perform" rating in a research report on Monday, August 4th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Lincoln National presently has a consensus rating of "Hold" and a consensus price target of $39.45.

Insider Buying and Selling

In other Lincoln National news, EVP John Christopher Kennedy sold 5,000 shares of the business's stock in a transaction 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 in the company, valued at $4,864,691.35. The trade was a 3.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.51% of the stock is currently owned by insiders.

Lincoln National Price Performance

Shares of LNC opened at $40.61 on Friday. The company has a market capitalization of $7.70 billion, a P/E ratio of 7.09, a price-to-earnings-growth ratio of 0.55 and a beta of 1.48. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.67. The firm has a 50 day moving average of $39.80 and a 200 day moving average of $35.64. Lincoln National Corporation has a twelve month low of $27.58 and a twelve month high of $43.66.

Lincoln National (NYSE:LNC - Get Free Report) last posted its 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. Lincoln National had a net margin of 6.34% and a return on equity of 19.14%. The business had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.65 billion. During the same quarter in the previous year, the firm posted $1.87 EPS. As a group, equities research analysts anticipate that Lincoln National Corporation will post 7.69 earnings per share for the current fiscal year.

Lincoln National Dividend Announcement

The business 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 $0.45 dividend. The ex-dividend date is Friday, October 10th. This represents a $1.80 annualized dividend and a yield of 4.4%. Lincoln National's payout ratio 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.

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