Lincoln National Corporation $LNC Shares Bought by Sei Investments Co.

Sei Investments Co. boosted its position in shares of Lincoln National Corporation (NYSE:LNCFree Report) by 9.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 522,832 shares of the financial services provider’s stock after buying an additional 45,549 shares during the period. Sei Investments Co.’s holdings in Lincoln National were worth $18,561,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in LNC. JPL Wealth Management LLC acquired a new stake in shares of Lincoln National in the third quarter worth approximately $29,000. V Square Quantitative Management LLC acquired a new position in Lincoln National in the 4th quarter valued at $31,000. Transamerica Financial Advisors LLC purchased a new position in Lincoln National in the 4th quarter valued at $32,000. NBT Bank N A NY lifted its holdings in Lincoln National by 2,051.1% in the 1st quarter. NBT Bank N A NY now owns 968 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 923 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in Lincoln National during the 4th quarter worth $34,000. Institutional investors and hedge funds own 72.81% of the company’s stock.

Insider Buying and Selling

In other news, EVP Craigt T. Beazer sold 30,000 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $34.45, for a total value of $1,033,500.00. Following the transaction, the executive vice president owned 103,906 shares of the company’s stock, valued at $3,579,561.70. This represents a 22.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.03% of the stock is owned by corporate insiders.

Lincoln National Stock Performance

Lincoln National stock opened at $41.42 on Thursday. The firm has a 50 day simple moving average of $37.84 and a 200-day simple moving average of $37.38. The stock has a market cap of $7.92 billion, a price-to-earnings ratio of 4.81, a price-to-earnings-growth ratio of 3.03 and a beta of 1.17. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.25 and a quick ratio of 0.25. Lincoln National Corporation has a 1-year low of $32.18 and a 1-year high of $46.82.

Lincoln National (NYSE:LNCGet Free Report) last released its quarterly earnings results on Thursday, May 7th. The financial services provider reported $1.66 EPS for the quarter, beating the consensus estimate of $1.58 by $0.08. Lincoln National had a net margin of 9.17% and a return on equity of 18.07%. The firm had revenue of $4.87 billion for the quarter, compared to analyst estimates of $4.93 billion. During the same quarter in the previous year, the company earned $1.60 EPS. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. On average, analysts expect that Lincoln National Corporation will post 7.73 EPS for the current year.

Lincoln National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be given a $0.45 dividend. The ex-dividend date is Friday, July 10th. This represents a $1.80 dividend on an annualized basis and a yield of 4.3%. Lincoln National’s payout ratio is currently 20.88%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on LNC shares. Bank of America reduced their target price on shares of Lincoln National from $41.00 to $37.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Weiss Ratings lowered shares of Lincoln National from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Wells Fargo & Company upped their price objective on shares of Lincoln National from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. JPMorgan Chase & Co. increased their price objective on shares of Lincoln National from $40.00 to $42.00 and gave the company an “underweight” rating in a report on Tuesday, July 21st. Finally, UBS Group raised their target price on shares of Lincoln National from $39.00 to $44.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Six equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Lincoln National has a consensus rating of “Hold” and an average price target of $45.21.

Read Our Latest Stock Analysis on LNC

About Lincoln National

(Free Report)

Lincoln National Corporation, doing business as Lincoln Financial Group, is a diversified financial services holding company focused on providing retirement, insurance, and wealth management solutions in the United States and select international markets. Headquartered in Radnor, Pennsylvania, the company operates through several business segments, including Retirement Plan Services, Life Insurance, and Group Protection. Its offerings are designed to help individuals, families, and institutions plan and prepare for their financial futures.

The Retirement Plan Services segment delivers recordkeeping, administrative services, and investment management for defined contribution and defined benefit plans.

Further Reading

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Institutional Ownership by Quarter for Lincoln National (NYSE:LNC)

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