Stephens Inc. AR boosted its holdings in Lincoln National Co. (NYSE:LNC) by 16.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,851 shares of the financial services provider’s stock after buying an additional 1,679 shares during the period. Stephens Inc. AR’s holdings in Lincoln National were worth $911,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in LNC. Cornerstone Investment Partners LLC lifted its holdings in Lincoln National by 53.5% in the fourth quarter. Cornerstone Investment Partners LLC now owns 1,481,014 shares of the financial services provider’s stock valued at $113,846,000 after buying an additional 516,066 shares during the period. Sit Investment Associates Inc. lifted its holdings in Lincoln National by 473,333.3% in the third quarter. Sit Investment Associates Inc. now owns 269,857 shares of the financial services provider’s stock valued at $19,829,000 after buying an additional 269,800 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in Lincoln National by 97.5% in the third quarter. BNP Paribas Arbitrage SA now owns 432,387 shares of the financial services provider’s stock valued at $31,772,000 after buying an additional 213,512 shares during the period. Assetmark Inc. lifted its holdings in Lincoln National by 706.1% in the third quarter. Assetmark Inc. now owns 178,471 shares of the financial services provider’s stock valued at $13,114,000 after buying an additional 156,330 shares during the period. Finally, Canada Pension Plan Investment Board lifted its holdings in Lincoln National by 45.0% in the third quarter. Canada Pension Plan Investment Board now owns 426,545 shares of the financial services provider’s stock valued at $31,343,000 after buying an additional 132,400 shares during the period. Institutional investors and hedge funds own 80.50% of the company’s stock.

Shares of Lincoln National Co. (NYSE:LNC) opened at $75.38 on Monday. Lincoln National Co. has a 12 month low of $61.45 and a 12 month high of $86.68. The company has a quick ratio of 0.11, a current ratio of 0.10 and a debt-to-equity ratio of 0.28. The company has a market cap of $16,495.36, a P/E ratio of 9.69, a price-to-earnings-growth ratio of 1.10 and a beta of 1.96.

Lincoln National (NYSE:LNC) last issued its earnings results on Wednesday, January 31st. The financial services provider reported $1.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.94 by $0.04. Lincoln National had a net margin of 14.48% and a return on equity of 10.86%. The firm had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the prior year, the firm earned $1.77 earnings per share. The business’s quarterly revenue was up 7.3% on a year-over-year basis. equities research analysts forecast that Lincoln National Co. will post 8.54 EPS for the current fiscal year.

Lincoln National announced that its Board of Directors has initiated a stock buyback program on Friday, January 19th that authorizes the company to buyback shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

In other news, CEO Dennis R. Glass sold 102,367 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $84.71, for a total transaction of $8,671,508.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Ellen Cooper sold 7,300 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $85.01, for a total transaction of $620,573.00. The disclosure for this sale can be found here. Insiders have sold 141,324 shares of company stock valued at $11,961,400 in the last three months. 1.12% of the stock is owned by insiders.

Several brokerages recently weighed in on LNC. ValuEngine lowered shares of Lincoln National from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 9th. B. Riley reaffirmed a “neutral” rating on shares of Lincoln National in a research note on Monday, November 6th. Goldman Sachs Group assumed coverage on shares of Lincoln National in a research note on Wednesday, October 18th. They issued a “sell” rating and a $71.00 target price for the company. Zacks Investment Research downgraded shares of Lincoln National from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Finally, JPMorgan Chase & Co. raised shares of Lincoln National from a “neutral” rating to an “overweight” rating and set a $87.00 target price for the company in a research note on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $83.27.

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About Lincoln National

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

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