Trexquant Investment LP Buys New Holdings 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 stake in Lincoln National Corporation (NYSE:LNC - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 63,676 shares of the financial services provider's stock, valued at approximately $2,287,000.

A number of other large investors have also made changes to their positions in the company. Baader Bank Aktiengesellschaft increased its position 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 buying an additional 329 shares in the last quarter. SYM FINANCIAL Corp increased its position 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 buying an additional 400 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its position 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 buying an additional 513 shares in the last quarter. Gotham Asset Management LLC increased its position 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 buying an additional 524 shares in the last quarter. Finally, Brooklyn Investment Group increased its position 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 buying an additional 524 shares in the last quarter. Institutional investors own 72.81% of the company's stock.

Analyst Upgrades and Downgrades

LNC has been the subject of a number of research reports. Cfra Research upgraded Lincoln National to a "hold" rating in a report on Wednesday, August 6th. Morgan Stanley increased their target price on Lincoln National from $38.00 to $41.00 and gave the stock an "equal weight" rating in a report on Monday, August 18th. Wells Fargo & Company reiterated a "positive" rating on shares of Lincoln National in a report on Tuesday, August 5th. Keefe, Bruyette & Woods increased their target price on Lincoln National from $40.00 to $42.00 and gave the stock a "market perform" rating in a report on Monday, August 4th. Finally, Wall Street Zen upgraded Lincoln National from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. One research 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. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $39.70.

Lincoln National Stock Up 0.4%

Shares of NYSE LNC traded up $0.17 during mid-day trading on Tuesday, hitting $41.85. The company had a trading volume of 641,555 shares, compared to its average volume of 1,943,910. The company has a market capitalization of $7.93 billion, a PE ratio of 7.32, a price-to-earnings-growth ratio of 0.58 and a beta of 1.48. The firm has a 50-day simple moving average of $38.01 and a two-hundred day simple moving average of $35.21. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.67. Lincoln National Corporation has a one year low of $27.58 and a one year high of $43.66.

Lincoln National (NYSE:LNC - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The financial services provider reported $2.36 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.45. The company had revenue of $4.04 billion during 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 last year, the company earned $1.87 EPS. On average, equities analysts expect that Lincoln National Corporation will post 7.69 EPS for the current year.

Lincoln National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be issued a $0.45 dividend. The ex-dividend date is Friday, October 10th. This represents a $1.80 annualized dividend and a dividend yield of 4.3%. Lincoln National's dividend payout ratio (DPR) is presently 31.41%.

Insider Buying and Selling at Lincoln National

In other 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 value of $196,450.00. Following the completion of the transaction, the executive vice president owned 123,815 shares in the company, valued at $4,864,691.35. This trade represents a 3.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is owned by 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.