CHURCHILL MANAGEMENT Corp Has $10.64 Million Holdings in Lincoln National Corporation (NYSE:LNC)

CHURCHILL MANAGEMENT Corp grew its holdings in shares of Lincoln National Corporation (NYSE:LNC - Free Report) by 3.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 296,232 shares of the financial services provider's stock after acquiring an additional 9,946 shares during the quarter. CHURCHILL MANAGEMENT Corp owned 0.17% of Lincoln National worth $10,638,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in Lincoln National by 2.0% during the 4th 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 in the last quarter. Norges Bank bought a new stake in shares of Lincoln National during the fourth quarter worth $76,951,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Lincoln National by 84.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,543,624 shares of the financial services provider's stock worth $48,948,000 after buying an additional 708,584 shares in the last quarter. Balyasny Asset Management L.P. lifted its stake in shares of Lincoln National by 301.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,522,195 shares of the financial services provider's stock valued at $48,269,000 after acquiring an additional 1,142,759 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of Lincoln National by 53.1% during the 4th quarter. First Trust Advisors LP now owns 1,258,512 shares of the financial services provider's stock valued at $39,907,000 after acquiring an additional 436,462 shares in the last quarter. Institutional investors own 72.81% of the company's stock.

Lincoln National Trading Up 0.8%

LNC traded up $0.27 during trading on Tuesday, reaching $34.87. 1,838,700 shares of the stock traded hands, compared to its average volume of 1,656,802. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.81. The stock's 50-day moving average is $33.12 and its 200 day moving average is $33.77. Lincoln National Corporation has a 12 month low of $27.58 and a 12 month high of $39.85. The stock has a market capitalization of $5.95 billion, a PE ratio of 4.95, a P/E/G ratio of 0.45 and a beta of 1.40.

Lincoln National (NYSE:LNC - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.54 by $0.06. Lincoln National had a return on equity of 18.71% and a net margin of 7.00%. The company had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.71 billion. During the same period in the previous year, the business earned $0.41 EPS. The firm's revenue was up 14.0% compared to the same quarter last year. Equities 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 issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date is Thursday, July 10th. Lincoln National's payout ratio is 25.57%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on LNC shares. Piper Sandler reduced their price target on Lincoln National from $38.00 to $36.00 and set a "neutral" rating on the stock in a report on Friday, May 9th. Wells Fargo & Company cut their target price on shares of Lincoln National from $36.00 to $31.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. Barclays boosted their target price 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. Wall Street Zen downgraded shares of Lincoln National from a "hold" rating to a "sell" rating in a research note on Sunday, June 15th. Finally, UBS Group lifted their price target on shares of Lincoln National from $32.00 to $38.00 and gave the stock a "neutral" rating in a report on Wednesday, April 2nd. Two investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $36.70.

Insider Buying and Selling

In other Lincoln National news, EVP Brian Kroll sold 10,075 shares of the firm's stock in a transaction 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Sean Woodroffe sold 43,622 shares of Lincoln National stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $32.78, for a total transaction of $1,429,929.16. Following the completion of the sale, the executive vice president directly owned 154,102 shares of the company's stock, valued at approximately $5,051,463.56. This trade represents a 22.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

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.