Lincoln National Corporation $LNC Shares Bought by International Assets Investment Management LLC

Key Points

• International Assets Investment Management increased its Lincoln National stake by 130.5% in the third quarter, adding 28,311 shares to hold 50,000 shares valued at about $2.0 million.
• Analyst views are mixed: seven analysts rate the stock Buy, five Hold and one Sell; the consensus rating is Hold, with a $48.67 target price.
• Lincoln National paid a quarterly dividend of $0.45 per share, equivalent to an annualized $1.80 dividend and 4.3% yield. Two company insiders also reported selling shares.

International Assets Investment Management LLC boosted its stake in shares of Lincoln National Corporation (NYSE:LNC - Free Report) by 130.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 50,000 shares of the financial services provider's stock after purchasing an additional 28,311 shares during the period. International Assets Investment Management LLC's holdings in Lincoln National were worth $2,013,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Trust Co. of Vermont acquired a new stake in Lincoln National during the second quarter worth about $28,000. NBT Bank N A NY lifted its holdings in Lincoln National by 2,051.1% in the first quarter. NBT Bank N A NY now owns 968 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 923 shares during the period. Laurel Wealth Advisors LLC purchased a new stake in Lincoln National in the 3rd quarter worth approximately $34,000. Reyes Financial Architecture Inc. purchased a new stake in Lincoln National in the 3rd quarter worth approximately $36,000. Finally, Latitude Advisors LLC acquired a new stake in shares of Lincoln National during the 3rd quarter worth approximately $40,000. Institutional investors and hedge funds own 72.81% of the company's stock.

Insider Activity at Lincoln National

In other Lincoln National news, EVP Sean Woodroffe sold 11,000 shares of Lincoln National stock in a transaction on Monday, August 17th. The shares were sold at an average price of $45.28, for a total transaction of $498,080.00. Following the sale, the executive vice president owned 119,947 shares of the company's stock, valued at $5,431,200.16. The trade was a 8.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gary C. Kelly sold 15,007 shares of the company's stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $26.50, for a total value of $397,685.50. The SEC filing for this sale provides additional information. 1.03% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LNC. Jefferies Financial Group lifted their target price on shares of Lincoln National from $56.00 to $57.00 and gave the company a "buy" rating in a report on Friday, July 10th. Barclays increased their price target on shares of Lincoln National from $45.00 to $48.00 and gave the stock an "overweight" rating in a report on Wednesday, October 7th. Mizuho dropped their price target on shares of Lincoln National from $53.00 to $49.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 7th. UBS Group lifted their price objective on shares of Lincoln National from $44.00 to $46.00 and gave the company a "neutral" rating in a report on Tuesday, October 6th. Finally, Bank of America reiterated a "neutral" rating and issued a $47.00 price objective on shares of Lincoln National in a research report on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $48.67.

Lincoln National Stock Performance

LNC opened at $42.24 on Wednesday. The firm's fifty day simple moving average is $41.69 and its two-hundred day simple moving average is $39.03. Lincoln National Corporation has a 52-week low of $32.18 and a 52-week high of $47.67. The company has a market cap of $8.09 billion, a price-to-earnings ratio of 3.66, a PEG ratio of 1.40 and a beta of 1.16. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.62.

Lincoln National Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 2nd. Stockholders of record on Monday, October 12th were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, October 9th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.3%. Lincoln National's payout ratio is currently 15.60%.

Lincoln National Profile

Lincoln National Corporation, operating under the Lincoln Financial Group brand, is a financial services company that provides insurance and retirement products primarily in the United States. Its businesses are designed to help individuals, employers and institutions manage financial protection, income and long-term savings needs.

The company offers life insurance and annuities, including products intended to provide death-benefit protection, retirement income and asset accumulation. Through its group protection business, Lincoln also provides employer-sponsored disability, dental, vision and leave-management solutions, as well as related workplace benefits and services.

Lincoln traces its history to the founding of The Lincoln National Life Insurance Company in Fort Wayne, Indiana, in 1905.

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