22,018 Shares in Lincoln National Corporation $LNC Purchased by Scientech Research LLC

Key Points

• Scientech Research LLC has acquired a new stake in Lincoln National Corporation, purchasing 22,018 shares valued at approximately $791,000.
• Lincoln National's stock reported a 0.7% decline to open at $41.81, while the company showed solid profits with an EPS of $2.36 for the last quarter, surpassing analysts' expectations.
• The company declared a quarterly dividend of $0.45, representing a 4.3% yield, with the ex-dividend date set for October 10th.

Scientech Research LLC acquired a new stake in Lincoln National Corporation (NYSE:LNC - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,018 shares of the financial services provider's stock, valued at approximately $791,000.

A number of other institutional investors have also made changes to their positions in the stock. State of Wyoming increased its position in shares of Lincoln National by 2.7% during the first quarter. State of Wyoming now owns 11,630 shares of the financial services provider's stock valued at $418,000 after acquiring an additional 305 shares during the last quarter. Baader Bank Aktiengesellschaft lifted its stake in Lincoln National by 4.7% during the first quarter. Baader Bank Aktiengesellschaft now owns 7,329 shares of the financial services provider's stock worth $261,000 after purchasing an additional 329 shares in the last quarter. MAI Capital Management lifted its stake in Lincoln National by 18.1% during the first quarter. MAI Capital Management now owns 2,301 shares of the financial services provider's stock worth $83,000 after purchasing an additional 352 shares in the last quarter. SYM FINANCIAL Corp lifted its stake in Lincoln National by 5.9% during the first quarter. SYM FINANCIAL Corp now owns 7,154 shares of the financial services provider's stock worth $257,000 after purchasing an additional 400 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its stake in Lincoln National by 5.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 9,236 shares of the financial services provider's stock worth $293,000 after purchasing an additional 513 shares in the last quarter. 72.81% of the stock is currently owned by institutional investors and hedge funds.

Lincoln National Stock Up 0.0%

Shares of NYSE LNC traded up $0.01 during mid-day trading on Friday, hitting $42.16. The company had a trading volume of 1,399,610 shares, compared to its average volume of 1,945,218. The company has a market capitalization of $7.99 billion, a PE ratio of 7.36, a price-to-earnings-growth ratio of 0.56 and a beta of 1.48. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.26 and a quick ratio of 0.26. Lincoln National Corporation has a 1-year low of $27.58 and a 1-year high of $43.66. The business's 50-day simple moving average is $38.42 and its 200 day simple moving average is $35.33.

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

Lincoln National Dividend Announcement

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 paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.3%. The ex-dividend date is Friday, October 10th. Lincoln National's dividend payout ratio is currently 31.41%.

Insider Activity

In other Lincoln National news, EVP John Christopher Kennedy sold 5,000 shares of the firm's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $39.29, for a total transaction of $196,450.00. Following the transaction, the executive vice president owned 123,815 shares of the company's stock, valued at approximately $4,864,691.35. This trade represents a 3.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Keefe, Bruyette & Woods upped their price target on Lincoln National from $40.00 to $42.00 and gave the stock a "market perform" rating in a research note on Monday, August 4th. Wells Fargo & Company restated a "positive" rating on shares of Lincoln National in a research note on Tuesday, August 5th. Morgan Stanley lifted their price objective on shares of Lincoln National from $38.00 to $41.00 and gave the company an "equal weight" rating in a report on Monday, August 18th. National Bankshares set a $41.00 price objective on shares of Lincoln National in a report on Monday, August 18th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Lincoln National from $38.00 to $41.00 and gave the company an "underweight" rating in a report on Tuesday, July 8th. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Lincoln National presently has a consensus rating of "Hold" and a consensus target price of $39.70.

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.