Norinchukin Bank The Sells 586 Shares of Lincoln National Co. (NYSE:LNC)

Norinchukin Bank The trimmed its holdings in Lincoln National Co. (NYSE:LNC) by 3.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,129 shares of the financial services provider’s stock after selling 586 shares during the period. Norinchukin Bank The’s holdings in Lincoln National were worth $947,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. Flagship Harbor Advisors LLC raised its holdings in shares of Lincoln National by 718.5% during the fourth quarter. Flagship Harbor Advisors LLC now owns 753 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 661 shares during the period. Royal London Asset Management Ltd. grew its position in shares of Lincoln National by 22.6% during the fourth quarter. Royal London Asset Management Ltd. now owns 77,589 shares of the financial services provider’s stock worth $3,957,000 after acquiring an additional 14,277 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in shares of Lincoln National by 29.5% during the fourth quarter. Crossmark Global Holdings Inc. now owns 37,880 shares of the financial services provider’s stock worth $1,944,000 after acquiring an additional 8,639 shares during the last quarter. OLD National Bancorp IN grew its position in shares of Lincoln National by 3.5% during the fourth quarter. OLD National Bancorp IN now owns 17,457 shares of the financial services provider’s stock worth $896,000 after acquiring an additional 598 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Lincoln National by 4.5% during the fourth quarter. SG Americas Securities LLC now owns 61,794 shares of the financial services provider’s stock worth $3,171,000 after acquiring an additional 2,651 shares during the last quarter. 80.57% of the stock is owned by hedge funds and other institutional investors.

In other Lincoln National news, EVP Kenneth S. Solon sold 11,738 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $64.39, for a total transaction of $755,809.82. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Christine A. Janofsky sold 7,928 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $62.62, for a total value of $496,451.36. The disclosure for this sale can be found here. Insiders sold a total of 45,206 shares of company stock valued at $2,920,586 over the last three months. 1.50% of the stock is owned by corporate insiders.

LNC traded up $1.44 on Friday, reaching $64.45. The company had a trading volume of 1,901,594 shares, compared to its average volume of 1,659,100. The firm has a fifty day moving average of $63.20. The stock has a market cap of $12.75 billion, a P/E ratio of 7.60, a P/E/G ratio of 0.75 and a beta of 1.93. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.19 and a quick ratio of 0.19. Lincoln National Co. has a one year low of $48.07 and a one year high of $71.27.

Lincoln National (NYSE:LNC) last announced its earnings results on Wednesday, May 1st. The financial services provider reported $2.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.08 by $0.06. Lincoln National had a net margin of 9.02% and a return on equity of 12.32%. The firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.25 billion. During the same quarter in the prior year, the firm posted $1.97 EPS. Lincoln National’s revenue was up 19.7% compared to the same quarter last year. Sell-side analysts forecast that Lincoln National Co. will post 9.29 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Tuesday, July 9th. Lincoln National’s payout ratio is 17.45%.

Several equities analysts have recently commented on the stock. Goldman Sachs Group upgraded shares of Lincoln National from a “neutral” rating to a “buy” rating and upped their price target for the stock from $65.00 to $77.00 in a research report on Tuesday. Zacks Investment Research lowered shares of Lincoln National from a “buy” rating to a “hold” rating in a research report on Tuesday, May 21st. JPMorgan Chase & Co. set a $92.00 price target on shares of Lincoln National and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Finally, UBS Group upped their price target on shares of Lincoln National from $67.00 to $69.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $76.38.

Lincoln National Profile

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The Annuities segment offers variable, fixed, and indexed variable annuities.

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

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