Register Financial Advisors LLC Raises Stock Position in Lincoln National Corporation $LNC

Key Points

• Register Financial Advisors LLC increased its stake in Lincoln National Corporation (NYSE:LNC) by 64.8%, now holding 33,846 shares valued at approximately $1.17 million.
• Lincoln National reported earnings per share (EPS) of $2.36 for the last quarter, surpassing analyst expectations of $1.91, but its revenue fell short of forecasts.
• The company announced a quarterly dividend of $0.45, yielding 4.5%, with the payout ratio currently at 31.41%.

Register Financial Advisors LLC lifted its position in Lincoln National Corporation (NYSE:LNC - Free Report) by 64.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,846 shares of the financial services provider's stock after buying an additional 13,303 shares during the period. Register Financial Advisors LLC's holdings in Lincoln National were worth $1,171,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of LNC. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Lincoln National by 10.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 593,901 shares of the financial services provider's stock worth $18,833,000 after buying an additional 54,588 shares during the last quarter. Mackenzie Financial Corp grew its position in Lincoln National by 204.0% during the 4th quarter. Mackenzie Financial Corp now owns 37,888 shares of the financial services provider's stock worth $1,201,000 after purchasing an additional 25,424 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Lincoln National during the 4th quarter worth approximately $3,044,000. Versant Capital Management Inc grew its position in Lincoln National by 40.5% during the 1st quarter. Versant Capital Management Inc now owns 2,957 shares of the financial services provider's stock worth $106,000 after purchasing an additional 853 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Lincoln National by 4,639.7% during the 1st quarter. GAMMA Investing LLC now owns 317,373 shares of the financial services provider's stock worth $11,397,000 after purchasing an additional 310,677 shares during the last quarter. Hedge funds and other institutional investors own 72.81% of the company's stock.

Lincoln National Stock Performance

LNC opened at $40.21 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.26 and a quick ratio of 0.26. The firm has a fifty day moving average price of $39.68 and a 200 day moving average price of $35.60. Lincoln National Corporation has a 1 year low of $27.58 and a 1 year high of $43.66. The stock has a market cap of $7.62 billion, a P/E ratio of 7.02, a P/E/G ratio of 0.55 and a beta of 1.48.

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 the consensus estimate of $1.91 by $0.45. Lincoln National had a net margin of 6.34% and a return on equity of 19.14%. The firm had revenue of $4.04 billion during the quarter, compared to analysts' expectations of $4.65 billion. During the same period in the previous year, the business posted $1.87 EPS. Equities research analysts anticipate that Lincoln National Corporation will post 7.69 earnings per share for the current year.

Lincoln National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Friday, October 10th. Lincoln National's payout ratio is currently 31.41%.

Insider Activity

In related news, EVP John Christopher Kennedy sold 5,000 shares of the business's 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 transaction, the executive vice president directly owned 123,815 shares in the company, valued at $4,864,691.35. The trade was a 3.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.51% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Cfra Research raised shares of Lincoln National to a "hold" rating in a research report on Wednesday, August 6th. Wall Street Zen raised shares of Lincoln National from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. JPMorgan Chase & Co. boosted their target price on shares of Lincoln National from $38.00 to $41.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 8th. Keefe, Bruyette & Woods boosted their target price on shares of Lincoln National from $40.00 to $42.00 and gave the stock a "market perform" rating in a research report on Monday, August 4th. 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 analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $39.45.

Lincoln National Company 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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