Jaffetilchin Investment Partners LLC Lowers Position in Lincoln National Corporation (LNC)

Jaffetilchin Investment Partners LLC decreased its stake in shares of Lincoln National Corporation (NYSE:LNC) by 63.1% during the second quarter, Holdings Channel reports. The institutional investor owned 3,029 shares of the financial services provider’s stock after selling 5,187 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in Lincoln National Corporation were worth $205,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in LNC. 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 buying an additional 1,215,192 shares in the last quarter. BlackRock Inc. increased its position 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 worth $1,205,509,000 after buying an additional 17,809,394 shares during the last quarter. Neuberger Berman Group LLC increased its position in shares of Lincoln National Corporation by 16.7% in the first quarter. Neuberger Berman Group LLC now owns 4,483,836 shares of the financial services provider’s stock worth $293,467,000 after buying an additional 640,510 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Lincoln National Corporation by 40.2% in the first quarter. JPMorgan Chase & Co. now owns 2,679,809 shares of the financial services provider’s stock worth $175,392,000 after buying an additional 768,184 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Lincoln National Corporation by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,479,344 shares of the financial services provider’s stock worth $162,267,000 after buying an additional 8,928 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

Lincoln National Corporation (NYSE:LNC) opened at 68.89 on Friday. Lincoln National Corporation has a 12 month low of $44.68 and a 12 month high of $75.78. The company has a market capitalization of $15.26 billion, a P/E ratio of 10.50 and a beta of 1.99. The firm has a 50-day moving average price of $71.38 and a 200 day moving average price of $68.26.

Lincoln National Corporation (NYSE:LNC) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.73 by $0.12. Lincoln National Corporation had a return on equity of 10.99% and a net margin of 10.85%. The company had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.56 billion. During the same period last year, the firm posted $1.56 earnings per share. The business’s revenue was up 8.2% on a year-over-year basis. Analysts expect that Lincoln National Corporation will post $7.46 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th will be given 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 1.68%. Lincoln National Corporation’s payout ratio is 17.79%.

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LNC has been the topic of a number of recent analyst reports. BidaskClub downgraded Lincoln National Corporation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 12th. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Lincoln National Corporation in a research note on Monday, June 26th. Wells Fargo & Company reissued a “hold” rating on shares of Lincoln National Corporation in a research note on Wednesday, August 2nd. Barclays PLC raised their price objective on Lincoln National Corporation from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, August 11th. Finally, Zacks Investment Research raised Lincoln National Corporation from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Monday, June 5th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $74.10.

In other news, Director Isaiah Tidwell sold 13,946 shares of the firm’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.41% of the company’s stock.

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

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