Lincoln National Corporation $LNC Holdings Lifted by Janney Montgomery Scott LLC

Key Points

• Janney Montgomery Scott LLC increased its holdings in Lincoln National Corporation by 36%, now owning 251,563 shares valued at approximately $8.7 million.
• Lincoln National reported $2.36 EPS for the last quarter, exceeding analysts' expectations of $1.91, with a net margin of 6.34%.
• The company declared a quarterly dividend of $0.45, yielding 4.4%, and will be paid to shareholders on November 3rd.

Janney Montgomery Scott LLC increased its holdings in shares of Lincoln National Corporation (NYSE:LNC - Free Report) by 36.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 251,563 shares of the financial services provider's stock after buying an additional 66,606 shares during the quarter. Janney Montgomery Scott LLC owned 0.15% of Lincoln National worth $8,704,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of LNC. Hollencrest Capital Management grew its holdings in shares of Lincoln National by 383.2% during the first quarter. Hollencrest Capital Management now owns 749 shares of the financial services provider's stock valued at $27,000 after buying an additional 594 shares in the last quarter. NBC Securities Inc. acquired a new position in Lincoln National in the 1st quarter valued at approximately $33,000. Brooklyn Investment Group increased its stake 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 buying an additional 524 shares during the period. CX Institutional increased its stake in Lincoln National by 354.2% in the 2nd quarter. CX Institutional now owns 1,685 shares of the financial services provider's stock valued at $58,000 after buying an additional 1,314 shares during the period. Finally, Rossby Financial LCC acquired a new position in Lincoln National in the 1st quarter valued at approximately $66,000. Hedge funds and other institutional investors own 72.81% of the company's stock.

Lincoln National Stock Performance

NYSE:LNC opened at $41.09 on Friday. Lincoln National Corporation has a 1 year low of $27.58 and a 1 year high of $43.66. The firm's fifty day simple moving average is $40.37 and its 200 day simple moving average is $35.79. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $7.79 billion, a PE ratio of 7.17, a PEG ratio of 0.55 and a beta of 1.43.

Lincoln National (NYSE:LNC - Get Free Report) last posted its earnings results on Thursday, July 31st. The financial services provider reported $2.36 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $4.65 billion. During the same period last year, the business posted $1.87 EPS. On average, sell-side analysts anticipate that Lincoln National Corporation will post 7.69 EPS for the current year.

Lincoln National Announces Dividend

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 issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.80 dividend on an annualized basis and a yield of 4.4%. Lincoln National's dividend payout ratio is 31.41%.

Insiders Place Their Bets

In other Lincoln National news, EVP John Christopher Kennedy sold 5,000 shares of the 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 completion of the sale, the executive vice president directly 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. 0.51% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on LNC shares. National Bankshares set a $41.00 price objective on shares of Lincoln National in a research note on Monday, August 18th. Wells Fargo & Company reiterated a "positive" rating on shares of Lincoln National in a research note on Tuesday, August 5th. Wolfe Research upgraded shares of Lincoln National to a "strong sell" rating in a research note on Tuesday, September 16th. JPMorgan Chase & Co. upped their price objective on shares of Lincoln National from $38.00 to $41.00 and gave the company an "underweight" rating in a research note on Tuesday, July 8th. Finally, Morgan Stanley upgraded shares of Lincoln National from an "equal weight" rating to an "overweight" rating in a research note on Friday, September 19th. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Lincoln National currently has an average rating of "Hold" and a consensus price target of $39.45.

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.

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