FDO Partners LLC Takes Position in Lincoln National Corporation (LNC)

FDO Partners LLC acquired a new stake in shares of Lincoln National Corporation (NYSE:LNC) during the first quarter, Holdings Channel reports. The institutional investor acquired 53,460 shares of the financial services provider’s stock, valued at approximately $3,499,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Quadrant Capital Group LLC increased its position in shares of Lincoln National Corporation by 0.3% in the first quarter. Quadrant Capital Group LLC now owns 3,965 shares of the financial services provider’s stock valued at $255,000 after buying an additional 11 shares in the last quarter. Stratford Consulting LLC boosted its stake in Lincoln National Corporation by 0.4% in the first quarter. Stratford Consulting LLC now owns 6,405 shares of the financial services provider’s stock worth $419,000 after buying an additional 27 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its stake in Lincoln National Corporation by 0.4% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 9,075 shares of the financial services provider’s stock worth $601,000 after buying an additional 32 shares during the last quarter. Savant Capital LLC boosted its stake in Lincoln National Corporation by 0.5% in the first quarter. Savant Capital LLC now owns 6,817 shares of the financial services provider’s stock worth $446,000 after buying an additional 37 shares during the last quarter. Finally, Tocqueville Asset Management L.P. boosted its stake in Lincoln National Corporation by 1.3% in the first quarter. Tocqueville Asset Management L.P. now owns 4,842 shares of the financial services provider’s stock worth $317,000 after buying an additional 60 shares during the last quarter. Institutional investors and hedge funds own 80.19% of the company’s stock.

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

Shares of Lincoln National Corporation (NYSE:LNC) traded up 0.01% during midday trading on Friday, reaching $68.04. The company’s stock had a trading volume of 1,466,720 shares. Lincoln National Corporation has a 1-year low of $35.27 and a 1-year high of $73.31. The firm has a market capitalization of $15.26 billion, a PE ratio of 11.16 and a beta of 1.97. The company’s 50-day moving average price is $66.50 and its 200 day moving average price is $67.18.

Lincoln National Corporation (NYSE:LNC) last issued its earnings results on Wednesday, May 3rd. The financial services provider reported $1.92 EPS for the quarter, topping the consensus estimate of $1.62 by $0.30. The company had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.54 billion. Lincoln National Corporation had a return on equity of 10.70% and a net margin of 10.43%. The business’s revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.25 EPS. On average, equities research analysts forecast that Lincoln National Corporation will post $7.32 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th will be given a $0.29 dividend. The ex-dividend date is Thursday, July 6th. This represents a $1.16 annualized dividend and a dividend yield of 1.70%. Lincoln National Corporation’s payout ratio is 19.14%.

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LNC has been the topic of a number of research reports. Bank of America Corporation raised shares of Lincoln National Corporation from a “neutral” rating to a “buy” rating and set a $78.00 target price on the stock in a research note on Thursday, April 6th. They noted that the move was a valuation call. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $75.00 price objective on shares of Lincoln National Corporation in a report on Tuesday, March 21st. Wells Fargo & Company reiterated a “hold” rating on shares of Lincoln National Corporation in a research note on Thursday, May 4th. Zacks Investment Research lowered shares of Lincoln National Corporation from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, BidaskClub raised shares of Lincoln National Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Lincoln National Corporation currently has a consensus rating of “Hold” and an average price target of $67.75.

In other news, Director Isaiah Tidwell sold 13,946 shares of Lincoln National Corporation stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $65.04, for a total value of $907,047.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael F. Mee sold 30,173 shares of Lincoln National Corporation stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $68.32, for a total value of $2,061,419.36. Following the completion of the transaction, the director now owns 6,336 shares of the company’s stock, valued at approximately $432,875.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,693 shares of company stock valued at $3,899,915. Insiders own 1.41% of the company’s stock.

About Lincoln National Corporation

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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