Nomura Holdings Inc. increased its stake in Lincoln National Corporation (NYSE:LNC) by 601.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,875 shares of the financial services provider’s stock after acquiring an additional 34,187 shares during the period. Nomura Holdings Inc.’s holdings in Lincoln National Corporation were worth $2,695,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in LNC. BlackRock Inc. raised its stake in shares of Lincoln National Corporation by 2,922.6% in the first quarter. BlackRock Inc. now owns 18,418,766 shares of the financial services provider’s stock valued at $1,205,509,000 after acquiring an additional 17,809,394 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Lincoln National Corporation by 5.6% in the first quarter. Vanguard Group Inc. now owns 22,884,373 shares of the financial services provider’s stock valued at $1,497,782,000 after acquiring an additional 1,215,192 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Lincoln National Corporation by 3,936.0% in the second quarter. Janus Henderson Group PLC now owns 1,196,540 shares of the financial services provider’s stock valued at $80,862,000 after acquiring an additional 1,166,893 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Lincoln National Corporation by 158.6% in the first quarter. Teachers Advisors LLC now owns 1,612,351 shares of the financial services provider’s stock valued at $105,528,000 after acquiring an additional 988,753 shares in the last quarter. Finally, Janus Capital Management LLC raised its stake in shares of Lincoln National Corporation by 3,586.0% in the first quarter. Janus Capital Management LLC now owns 990,323 shares of the financial services provider’s stock valued at $64,817,000 after acquiring an additional 963,456 shares in the last quarter. Institutional investors and hedge funds own 79.85% of the company’s stock.
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Lincoln National Corporation (NYSE:LNC) traded up 0.43% during trading on Friday, reaching $75.17. The company had a trading volume of 140,934 shares. The company has a market capitalization of $16.65 billion, a PE ratio of 11.45 and a beta of 1.99. Lincoln National Corporation has a 52-week low of $47.71 and a 52-week high of $76.10. The stock has a 50 day moving average price of $70.95 and a 200-day moving average price of $68.61.
Lincoln National Corporation (NYSE:LNC) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.12. The business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.56 billion. Lincoln National Corporation had a net margin of 10.85% and a return on equity of 10.99%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.56 EPS. On average, equities research analysts anticipate that Lincoln National Corporation will post $7.49 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.55%. Lincoln National Corporation’s dividend payout ratio (DPR) is presently 17.79%.
LNC has been the topic of several analyst reports. Zacks Investment Research upgraded Lincoln National Corporation from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a research note on Thursday, August 24th. BidaskClub cut Lincoln National Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Lincoln National Corporation in a research note on Monday, June 26th. Morgan Stanley increased their price objective on Lincoln National Corporation from $76.00 to $77.00 and gave the company an “equal weight” rating in a research note on Thursday, October 5th. Finally, Royal Bank Of Canada increased their price objective on Lincoln National Corporation from $77.00 to $83.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Lincoln National Corporation presently has an average rating of “Hold” and an average price target of $77.11.
Lincoln National Corporation Company Profile
Lincoln National Corporation is a holding company, which operates insurance and retirement businesses through subsidiary companies. The Company sells a range of wealth protection, accumulation and retirement income products and solutions, through its business segments. The Company operates through four segments: Annuities segment, which offers fixed (including indexed) and variable annuities; Retirement Plan Services segment, which provides employers with retirement plan products and services; Life Insurance segment, which focuses on the creation and protection of wealth through life insurance products, and Group Protection, which offers principally group non-medical insurance products.
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