Stratos Wealth Partners LTD. Has $980,000 Stake in Lincoln National Corporation $LNC

Stratos Wealth Partners LTD. trimmed its stake in shares of Lincoln National Corporation (NYSE:LNC) by 1.1% during the second quarter, Holdings Channel.com reports. The firm owned 28,338 shares of the financial services provider’s stock after selling 302 shares during the period. Stratos Wealth Partners LTD.’s holdings in Lincoln National were worth $980,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Massachusetts Financial Services Co. MA lifted its holdings in Lincoln National by 2.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,854,788 shares of the financial services provider’s stock valued at $174,335,000 after buying an additional 97,600 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Lincoln National by 7.2% in the first quarter. Dimensional Fund Advisors LP now owns 3,084,433 shares of the financial services provider’s stock valued at $110,753,000 after buying an additional 208,114 shares during the period. Northern Trust Corp lifted its holdings in Lincoln National by 6.1% in the first quarter. Northern Trust Corp now owns 2,566,274 shares of the financial services provider’s stock valued at $92,155,000 after buying an additional 146,667 shares during the period. AQR Capital Management LLC lifted its holdings in Lincoln National by 84.5% in the first quarter. AQR Capital Management LLC now owns 2,041,928 shares of the financial services provider’s stock valued at $72,039,000 after buying an additional 935,225 shares during the period. Finally, Invesco Ltd. lifted its holdings in Lincoln National by 0.4% in the first quarter. Invesco Ltd. now owns 1,597,913 shares of the financial services provider’s stock valued at $57,381,000 after buying an additional 5,936 shares during the period. 72.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on LNC shares. Wall Street Zen upgraded shares of Lincoln National from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Cfra Research upgraded shares of Lincoln National to a “hold” rating in a report on Wednesday, August 6th. Morgan Stanley cut their target price on shares of Lincoln National from $58.00 to $53.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Keefe, Bruyette & Woods increased their target price on shares of Lincoln National from $42.00 to $43.00 and gave the stock a “market perform” rating in a report on Thursday, October 9th. Finally, Evercore ISI increased their target price on shares of Lincoln National from $45.00 to $46.00 and gave the stock an “in-line” rating in a report on Thursday, October 9th. One research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $43.09.

Insiders Place Their Bets

In related news, EVP John Christopher Kennedy sold 5,000 shares of the firm’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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.54% of the company’s stock.

Lincoln National Stock Up 2.0%

Shares of LNC stock opened at $39.76 on Wednesday. The firm has a fifty day moving average of $40.83 and a 200-day moving average of $36.08. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.67. Lincoln National Corporation has a 12-month low of $27.58 and a 12-month high of $43.66. The company has a market capitalization of $7.54 billion, a price-to-earnings ratio of 6.94, a P/E/G ratio of 0.49 and a beta of 1.43.

Lincoln National (NYSE:LNC) last issued its quarterly earnings data on Thursday, July 31st. The financial services provider reported $2.36 earnings per share (EPS) for the quarter, topping 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 company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.65 billion. During the same quarter in the prior year, the firm earned $1.87 earnings per share. As a group, equities research analysts predict that Lincoln National Corporation will post 7.69 earnings per share for the current fiscal year.

Lincoln National Dividend Announcement

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 given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.80 annualized dividend and a dividend yield of 4.5%. Lincoln National’s dividend payout ratio is currently 31.41%.

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.