Lincoln National Corporation (LNC) Shares Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. cut its stake in Lincoln National Corporation (NYSE:LNC) by 2.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 54,500 shares of the financial services provider’s stock after selling 1,100 shares during the period. Hennessy Advisors Inc.’s holdings in Lincoln National Corporation were worth $3,683,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Azimuth Capital Management LLC boosted its position in shares of Lincoln National Corporation by 0.3% in the first quarter. Azimuth Capital Management LLC now owns 7,185 shares of the financial services provider’s stock worth $470,000 after acquiring an additional 25 shares during the last quarter. Stratford Consulting LLC boosted its position in shares of Lincoln National Corporation by 0.4% in the second quarter. Stratford Consulting LLC now owns 6,432 shares of the financial services provider’s stock worth $435,000 after acquiring an additional 27 shares during the last quarter. Savant Capital LLC boosted its position in shares of Lincoln National Corporation by 0.4% in the second quarter. Savant Capital LLC now owns 6,847 shares of the financial services provider’s stock worth $463,000 after acquiring an additional 30 shares during the last quarter. Tocqueville Asset Management L.P. boosted its position in shares of 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 acquiring an additional 60 shares during the last quarter. Finally, Financial Architects Inc boosted its position in shares of Lincoln National Corporation by 2.3% in the second quarter. Financial Architects Inc now owns 2,968 shares of the financial services provider’s stock worth $201,000 after acquiring an additional 68 shares during the last quarter. 79.87% of the stock is currently owned by institutional investors and hedge funds.

Lincoln National Corporation (NYSE:LNC) opened at 65.80 on Friday. Lincoln National Corporation has a 12-month low of $44.74 and a 12-month high of $75.78. The company has a 50-day moving average of $70.27 and a 200 day moving average of $67.98. The stock has a market cap of $14.57 billion, a price-to-earnings ratio of 10.02 and a beta of 1.98.

Lincoln National Corporation (NYSE:LNC) last announced its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.73 by $0.12. The business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.56 billion. Lincoln National Corporation had a return on equity of 10.99% and a net margin of 10.85%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.56 EPS. Equities analysts anticipate that Lincoln National Corporation will post $7.47 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th will be paid a $0.29 dividend. The ex-dividend date is Friday, October 6th. This represents a $1.16 annualized dividend and a dividend yield of 1.76%. Lincoln National Corporation’s payout ratio is 17.79%.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Lincoln National Corporation from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research report on Tuesday, August 8th. BidaskClub raised shares of Lincoln National Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Wells Fargo & Company reissued a “hold” rating on shares of Lincoln National Corporation in a research report on Wednesday, August 2nd. Royal Bank Of Canada raised their target price on shares of Lincoln National Corporation from $77.00 to $83.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Finally, Barclays PLC raised their target price on shares of Lincoln National Corporation from $84.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, August 11th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $73.50.

TRADEMARK VIOLATION WARNING: “Lincoln National Corporation (LNC) Shares Sold by Hennessy Advisors Inc.” was first published by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this article on another domain, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The correct version of this article can be read at https://sportsperspectives.com/2017/09/10/lincoln-national-corporation-lnc-shares-sold-by-hennessy-advisors-inc.html.

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.

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

Receive News & Ratings for Lincoln National Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lincoln National Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply