Trexquant Investment LP Makes New Investment in Lincoln National Corporation $LNC

Key Points

• Trexquant Investment LP has acquired a new position in Lincoln National Corporation, purchasing 63,676 shares valued at approximately $2.287 million.
• Lincoln National recently reported an EPS of $2.36 for the last quarter, exceeding analyst expectations by $0.45, although its revenue fell short of projections.
• The company has declared a quarterly dividend of $0.45 per share, with an annualized yield of 4.2%, payable on November 3rd.

Trexquant Investment LP acquired a new position in shares of Lincoln National Corporation (NYSE:LNC - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 63,676 shares of the financial services provider's stock, valued at approximately $2,287,000.

A number of other institutional investors have also made changes to their positions in the company. Baader Bank Aktiengesellschaft increased its holdings in shares of Lincoln National by 4.7% in the 1st quarter. Baader Bank Aktiengesellschaft now owns 7,329 shares of the financial services provider's stock valued at $261,000 after acquiring an additional 329 shares during the last quarter. SYM FINANCIAL Corp increased its holdings in shares of Lincoln National by 5.9% in the 1st quarter. SYM FINANCIAL Corp now owns 7,154 shares of the financial services provider's stock valued at $257,000 after acquiring an additional 400 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of Lincoln National by 5.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 9,236 shares of the financial services provider's stock valued at $293,000 after acquiring an additional 513 shares during the last quarter. Gotham Asset Management LLC increased its holdings in shares of Lincoln National by 4.7% in the 4th quarter. Gotham Asset Management LLC now owns 11,720 shares of the financial services provider's stock valued at $372,000 after acquiring an additional 524 shares during the last quarter. Finally, Brooklyn Investment Group increased its holdings in shares of Lincoln National by 82.9% in the 1st quarter. Brooklyn Investment Group now owns 1,156 shares of the financial services provider's stock valued at $42,000 after acquiring an additional 524 shares during the last quarter. 72.81% of the stock is currently owned by institutional investors.

Lincoln National Price Performance

Shares of LNC opened at $43.25 on Thursday. The company has a market cap of $8.20 billion, a P/E ratio of 7.55, a PEG ratio of 0.59 and a beta of 1.48. The stock has a fifty day moving average price of $37.54 and a 200 day moving average price of $35.19. 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 12 month low of $27.58 and a 12 month high of $43.30.

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. Lincoln National had a return on equity of 19.14% and a net margin of 6.34%.The company had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.65 billion. During the same quarter in the previous year, the firm posted $1.87 EPS. On average, research analysts forecast 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. Shareholders of record on Friday, October 10th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Friday, October 10th. Lincoln National's payout ratio is 31.41%.

Insider Transactions at Lincoln National

In other Lincoln National news, EVP John Christopher Kennedy sold 5,000 shares of the business's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $39.29, for a total transaction of $196,450.00. Following the completion of the transaction, the executive vice president owned 123,815 shares in the company, valued at approximately $4,864,691.35. The trade was a 3.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.54% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Piper Sandler lowered their price target on Lincoln National from $38.00 to $36.00 and set a "neutral" rating for the company in a report on Friday, May 9th. JPMorgan Chase & Co. boosted their price target on Lincoln National from $38.00 to $41.00 and gave the company an "underweight" rating in a report on Tuesday, July 8th. Wells Fargo & Company restated a "positive" rating on shares of Lincoln National in a research note on Tuesday, August 5th. Wall Street Zen upgraded Lincoln National from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Morgan Stanley upped their price objective on Lincoln National from $38.00 to $41.00 and gave the stock an "equal weight" rating in a research note on Monday, August 18th. One equities research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Lincoln National has a consensus rating of "Hold" and a consensus target price 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.

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