Lincoln National Co. (LNC) Shares Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. raised its holdings in Lincoln National Co. (NYSE:LNC) by 0.6% in the first quarter, Holdings Channel reports. The fund owned 38,108 shares of the financial services provider’s stock after acquiring an additional 228 shares during the period. Crossmark Global Holdings Inc.’s holdings in Lincoln National were worth $2,237,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. JPMorgan Chase & Co. lifted its holdings in Lincoln National by 59.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,919,511 shares of the financial services provider’s stock valued at $806,475,000 after acquiring an additional 4,457,743 shares during the last quarter. FMR LLC lifted its holdings in Lincoln National by 0.3% in the 4th quarter. FMR LLC now owns 5,730,943 shares of the financial services provider’s stock valued at $294,055,000 after acquiring an additional 16,379 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Lincoln National by 5,290.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,956,873 shares of the financial services provider’s stock valued at $77,000 after acquiring an additional 3,883,468 shares during the last quarter. Norges Bank acquired a new stake in Lincoln National in the 4th quarter valued at about $197,189,000. Finally, Prudential PLC lifted its holdings in Lincoln National by 1.0% in the 4th quarter. Prudential PLC now owns 3,250,700 shares of the financial services provider’s stock valued at $166,793,000 after acquiring an additional 30,800 shares during the last quarter. 84.49% of the stock is owned by institutional investors.

LNC stock opened at $65.35 on Friday. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.34. Lincoln National Co. has a one year low of $48.07 and a one year high of $71.27. The stock has a market cap of $13.22 billion, a price-to-earnings ratio of 7.71, a PEG ratio of 0.78 and a beta of 1.95.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend was Tuesday, April 9th. Lincoln National’s dividend payout ratio (DPR) is 17.45%.

LNC has been the subject of a number of analyst reports. JPMorgan Chase & Co. set a $92.00 price objective on shares of Lincoln National and gave the company a “buy” rating in a research note on Thursday, May 2nd. Zacks Investment Research raised shares of Lincoln National from a “hold” rating to a “buy” rating and set a $73.00 price objective for the company in a research note on Friday. UBS Group upped their price objective on shares of Lincoln National from $67.00 to $69.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Finally, ValuEngine raised shares of Lincoln National from a “strong sell” rating to a “sell” rating in a research note on Wednesday, February 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. Lincoln National currently has a consensus rating of “Hold” and a consensus target price of $75.92.

In other news, Director Gary C. Kelly sold 17,040 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $66.63, for a total value of $1,135,375.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jamie Ohl sold 7,263 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $61.70, for a total transaction of $448,127.10. Following the completion of the sale, the executive vice president now directly 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 sold 34,303 shares of company stock valued at $2,188,402 over the last three months. 1.50% of the stock is owned by insiders.

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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.

Further Reading: Roth IRA

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

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