Janney Montgomery Scott LLC Has $6.64 Million Holdings in Lincoln National Corporation (NYSE:LNC)

Janney Montgomery Scott LLC increased its stake in shares of Lincoln National Corporation (NYSE:LNC - Free Report) by 22.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 184,957 shares of the financial services provider's stock after buying an additional 33,644 shares during the period. Janney Montgomery Scott LLC owned 0.11% of Lincoln National worth $6,642,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. HighPoint Advisor Group LLC boosted its holdings in Lincoln National by 3.2% in the 4th quarter. HighPoint Advisor Group LLC now owns 8,460 shares of the financial services provider's stock valued at $268,000 after purchasing an additional 262 shares during the period. Forvis Mazars Wealth Advisors LLC boosted its holdings in Lincoln National by 3.1% in the 4th quarter. Forvis Mazars Wealth Advisors LLC now owns 11,199 shares of the financial services provider's stock valued at $355,000 after purchasing an additional 338 shares during the period. Hillsdale Investment Management Inc. boosted its holdings in Lincoln National by 30.4% in the 4th quarter. Hillsdale Investment Management Inc. now owns 1,500 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 350 shares during the period. Arizona State Retirement System boosted its holdings in Lincoln National by 0.9% in the 4th quarter. Arizona State Retirement System now owns 49,394 shares of the financial services provider's stock valued at $1,566,000 after purchasing an additional 436 shares during the period. Finally, Treasurer of the State of North Carolina lifted its holdings in shares of Lincoln National by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 74,806 shares of the financial services provider's stock worth $2,372,000 after acquiring an additional 470 shares during the period. Institutional investors own 72.81% of the company's stock.

Lincoln National Price Performance

NYSE:LNC traded down $0.16 on Friday, hitting $33.01. The company had a trading volume of 2,651,302 shares, compared to its average volume of 1,635,145. The stock has a market capitalization of $5.63 billion, a price-to-earnings ratio of 4.69, a PEG ratio of 0.43 and a beta of 1.40. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.81. The firm has a 50 day moving average of $32.67 and a two-hundred day moving average of $33.75. Lincoln National Corporation has a 52 week low of $27.58 and a 52 week high of $39.85.

Lincoln National (NYSE:LNC - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The financial services provider reported $1.60 EPS for the quarter, beating the consensus estimate of $1.54 by $0.06. The business had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.71 billion. Lincoln National had a net margin of 7.00% and a return on equity of 18.71%. The firm's revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.41 EPS. On average, research analysts anticipate that Lincoln National Corporation will post 7.69 earnings per share for the current year.

Lincoln National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 5.45%. The ex-dividend date is Thursday, July 10th. Lincoln National's dividend payout ratio (DPR) is currently 25.57%.

Insider Buying and Selling at Lincoln National

In other Lincoln National news, EVP Sean Woodroffe sold 43,622 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $32.78, for a total value of $1,429,929.16. Following the completion of the transaction, the executive vice president now directly owns 154,102 shares in the company, valued at approximately $5,051,463.56. This represents a 22.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Brian Kroll sold 10,075 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $33.10, for a total transaction of $333,482.50. Following the completion of the transaction, the executive vice president now owns 48,743 shares of the company's stock, valued at approximately $1,613,393.30. This trade represents a 17.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Barclays upped their price target on shares of Lincoln National from $38.00 to $40.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Keefe, Bruyette & Woods cut their price target on shares of Lincoln National from $40.00 to $38.00 and set a "market perform" rating for the company in a report on Wednesday, April 9th. Wall Street Zen downgraded shares of Lincoln National from a "hold" rating to a "sell" rating in a report on Sunday, June 15th. Wells Fargo & Company cut their price target on shares of Lincoln National from $36.00 to $31.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. Finally, Morgan Stanley upped their price target on shares of Lincoln National from $32.00 to $38.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $36.82.

Lincoln National 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.