Nomura Asset Management Co. Ltd. raised its position in Lincoln National Co. (NYSE:LNC) by 2.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 39,568 shares of the financial services provider’s stock after acquiring an additional 1,075 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Lincoln National were worth $2,031,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Northern Trust Corp lifted its stake in shares of Lincoln National by 1.5% in the fourth quarter. Northern Trust Corp now owns 2,843,419 shares of the financial services provider’s stock valued at $145,896,000 after purchasing an additional 40,857 shares during the period. Blueshift Asset Management LLC purchased a new position in Lincoln National during the 4th quarter valued at about $1,268,000. Burney Co. increased its holdings in Lincoln National by 14.8% during the 4th quarter. Burney Co. now owns 10,416 shares of the financial services provider’s stock valued at $534,000 after acquiring an additional 1,345 shares in the last quarter. Premier Fund Managers Ltd increased its holdings in Lincoln National by 9.6% during the 4th quarter. Premier Fund Managers Ltd now owns 71,392 shares of the financial services provider’s stock valued at $3,641,000 after acquiring an additional 6,243 shares in the last quarter. Finally, Accident Compensation Corp purchased a new position in Lincoln National during the 4th quarter valued at about $729,000. Institutional investors own 78.96% of the company’s stock.
In other news, CEO Dennis R. Glass sold 10,000 shares of Lincoln National stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $60.49, for a total transaction of $604,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jamie Ohl sold 7,263 shares of Lincoln National stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $61.70, for a total transaction of $448,127.10. Following the sale, the executive vice president now owns 23,159 shares of the company’s stock, valued at $1,428,910.30. The disclosure for this sale can be found here. Insiders own 6.31% of the company’s stock.
Shares of NYSE LNC opened at $61.74 on Friday. The stock has a market cap of $12.52 billion, a PE ratio of 7.28, a PEG ratio of 0.74 and a beta of 1.93. Lincoln National Co. has a 12 month low of $48.07 and a 12 month high of $78.35. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.41.
Lincoln National (NYSE:LNC) last issued its quarterly earnings results on Wednesday, February 6th. The financial services provider reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.13 by $0.02. The business had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.22 billion. Lincoln National had a net margin of 9.92% and a return on equity of 12.41%. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.98 earnings per share. On average, research analysts predict that Lincoln National Co. will post 9.16 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be issued a dividend of $0.37 per share. The ex-dividend date is Tuesday, April 9th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.40%. Lincoln National’s dividend payout ratio (DPR) is presently 17.45%.
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Lincoln National Company 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 company sells a range of wealth protection, accumulation, and retirement income products and solutions.
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