Ieq Capital LLC Has $1.48 Million Stock Position in Lincoln National Corporation $LNC

Key Points

• Ieq Capital LLC has significantly increased its holdings in Lincoln National Corporation by purchasing an additional 34,534 shares, bringing its total ownership to 41,122 shares valued at approximately $1.48 million.
• Lincoln National recently reported earnings per share (EPS) of $2.36 for the last quarter, surpassing analysts' expectations of $1.91, although its revenue of $4.04 billion fell short of estimates.
• The company declared a quarterly dividend of $0.45 per share set to be paid on November 3rd, representing a 4.2% dividend yield based on its current price.

Ieq Capital LLC boosted its position in shares of Lincoln National Corporation (NYSE:LNC - Free Report) by 524.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,122 shares of the financial services provider's stock after purchasing an additional 34,534 shares during the period. Ieq Capital LLC's holdings in Lincoln National were worth $1,477,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Hollencrest Capital Management grew its holdings in Lincoln National by 383.2% during the 1st quarter. Hollencrest Capital Management now owns 749 shares of the financial services provider's stock worth $27,000 after acquiring an additional 594 shares in the last quarter. NBC Securities Inc. bought a new stake in Lincoln National in the 1st quarter valued at about $33,000. Brooklyn Investment Group lifted its position in Lincoln National by 82.9% in the 1st quarter. Brooklyn Investment Group now owns 1,156 shares of the financial services provider's stock valued at $42,000 after purchasing an additional 524 shares during the last quarter. Rossby Financial LCC bought a new stake in Lincoln National in the 1st quarter valued at about $66,000. Finally, Versant Capital Management Inc increased its stake in Lincoln National by 40.5% during the 1st quarter. Versant Capital Management Inc now owns 2,957 shares of the financial services provider's stock valued at $106,000 after buying an additional 853 shares during the period. 72.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LNC has been the topic of several research analyst reports. Keefe, Bruyette & Woods raised their target price on shares of Lincoln National from $40.00 to $42.00 and gave the company a "market perform" rating in a research note on Monday, August 4th. Wall Street Zen raised shares of Lincoln National from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. National Bankshares set a $41.00 target price on shares of Lincoln National in a research report on Monday, August 18th. Piper Sandler decreased their price target on shares of Lincoln National from $38.00 to $36.00 and set a "neutral" rating for the company in a report on Friday, May 9th. Finally, Barclays lifted their target price on shares of Lincoln National from $38.00 to $40.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. One investment analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $39.70.

Lincoln National Stock Performance

Lincoln National stock traded down $1.08 on Friday, hitting $42.14. The company's stock had a trading volume of 1,700,104 shares, compared to its average volume of 1,558,344. The firm has a market cap of $7.99 billion, a P/E ratio of 7.35, a price-to-earnings-growth ratio of 0.58 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 company has a fifty day moving average price of $37.87 and a 200-day moving average price of $35.21. Lincoln National Corporation has a one year low of $27.58 and a one year high of $43.66.

Lincoln National (NYSE:LNC - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The financial services provider reported $2.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.45. Lincoln National had a net margin of 6.34% and a return on equity of 19.14%. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.65 billion. During the same quarter in the previous year, the firm posted $1.87 EPS. On average, equities analysts anticipate that Lincoln National Corporation will post 7.69 earnings per share for the current year.

Lincoln National Announces Dividend

The company 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 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Friday, October 10th. Lincoln National's payout ratio is currently 31.41%.

Insider Activity at Lincoln National

In other 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 approximately $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 accessible through this link. Corporate insiders own 0.51% of the company's stock.

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.