Lincoln National Corporation $LNC Shares Sold by Deutsche Bank AG

Key Points

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Deutsche Bank AG decreased its stake in shares of Lincoln National Corporation (NYSE:LNC - Free Report) by 58.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 102,092 shares of the financial services provider's stock after selling 145,236 shares during the period. Deutsche Bank AG owned about 0.06% of Lincoln National worth $3,666,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Massachusetts Financial Services Co. MA lifted its position in shares of Lincoln National by 2.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,854,788 shares of the financial services provider's stock worth $174,335,000 after purchasing an additional 97,600 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Lincoln National by 2.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,876,319 shares of the financial services provider's stock worth $91,208,000 after purchasing an additional 56,614 shares during the last quarter. Balyasny Asset Management L.P. lifted its position in shares of Lincoln National by 301.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,522,195 shares of the financial services provider's stock worth $48,269,000 after purchasing an additional 1,142,759 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Lincoln National by 53.1% during the fourth quarter. First Trust Advisors LP now owns 1,258,512 shares of the financial services provider's stock worth $39,907,000 after purchasing an additional 436,462 shares during the last quarter. Finally, Voloridge Investment Management LLC lifted its position in shares of Lincoln National by 4.6% during the fourth quarter. Voloridge Investment Management LLC now owns 1,118,235 shares of the financial services provider's stock worth $35,459,000 after purchasing an additional 49,496 shares during the last quarter. Institutional investors own 72.81% of the company's stock.

Insider Activity

In other news, EVP Sean Woodroffe sold 43,622 shares of Lincoln National stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $32.78, for a total transaction of $1,429,929.16. Following the sale, the executive vice president owned 154,102 shares of the company's stock, valued at approximately $5,051,463.56. The trade was a 22.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Brian Kroll sold 10,075 shares of Lincoln National stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $33.10, for a total value of $333,482.50. Following the sale, the executive vice president directly owned 48,743 shares in the company, valued at approximately $1,613,393.30. This trade represents a 17.13% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,697 shares of company stock valued at $1,959,862. Insiders own 0.51% of the company's stock.

Lincoln National Stock Performance

Shares of LNC traded up $1.2640 during mid-day trading on Friday, reaching $41.9140. 1,868,723 shares of the company's stock traded hands, compared to its average volume of 2,244,095. The business's 50-day moving average price is $35.99 and its 200-day moving average price is $34.90. The stock has a market capitalization of $7.95 billion, a P/E ratio of 7.31, a price-to-earnings-growth ratio of 0.56 and a beta of 1.42. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.26 and a current ratio of 0.26. Lincoln National Corporation has a 12 month low of $27.58 and a 12 month high of $42.36.

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

Lincoln National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, October 10th. Lincoln National's payout ratio is 31.41%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on LNC shares. Morgan Stanley increased their price target on shares of Lincoln National from $38.00 to $41.00 and gave the stock an "equal weight" rating in a research report on Monday, August 18th. Cfra Research raised shares of Lincoln National to a "hold" rating in a research report on Wednesday, August 6th. Keefe, Bruyette & Woods raised their target price on shares of Lincoln National from $40.00 to $42.00 and gave the stock a "market perform" rating in a report on Monday, August 4th. JPMorgan Chase & Co. raised their target price on shares of Lincoln National from $38.00 to $41.00 and gave the stock an "underweight" rating in a report on Tuesday, July 8th. Finally, Wells Fargo & Company reissued a "positive" rating on shares of Lincoln National in a report on Tuesday, August 5th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $39.70.

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.