Measured Wealth Private Client Group LLC Sells 15,752 Shares of Lincoln National Corporation $LNC

Measured Wealth Private Client Group LLC decreased its holdings in Lincoln National Corporation (NYSE:LNC) by 76.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,957 shares of the financial services provider’s stock after selling 15,752 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Lincoln National were worth $176,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in LNC. Dimensional Fund Advisors LP raised its position in Lincoln National by 24.4% in the first quarter. Dimensional Fund Advisors LP now owns 7,755,506 shares of the financial services provider’s stock worth $275,304,000 after acquiring an additional 1,522,179 shares during the period. Parallel Advisors LLC grew its position in shares of Lincoln National by 33.1% during the 1st quarter. Parallel Advisors LLC now owns 3,669 shares of the financial services provider’s stock valued at $130,000 after acquiring an additional 912 shares during the period. Swiss National Bank grew its position in shares of Lincoln National by 0.5% during the 1st quarter. Swiss National Bank now owns 338,200 shares of the financial services provider’s stock valued at $12,006,000 after acquiring an additional 1,800 shares during the period. Jennison Associates LLC increased its stake in shares of Lincoln National by 3.9% in the 1st quarter. Jennison Associates LLC now owns 3,823,152 shares of the financial services provider’s stock worth $135,722,000 after purchasing an additional 141,994 shares in the last quarter. Finally, Assetmark Inc. increased its stake in shares of Lincoln National by 19.4% in the 1st quarter. Assetmark Inc. now owns 6,088 shares of the financial services provider’s stock worth $216,000 after purchasing an additional 988 shares in the last quarter. 72.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Lincoln National

In related news, EVP Craigt T. Beazer sold 30,000 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $34.45, for a total transaction of $1,033,500.00. Following the completion of the transaction, the executive vice president directly owned 103,906 shares of the company’s stock, valued at approximately $3,579,561.70. This trade represents a 22.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.03% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on LNC. Wells Fargo & Company raised their target price on Lincoln National from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. National Bank Financial set a $51.00 price target on Lincoln National in a report on Thursday, July 9th. Bank of America reduced their price target on Lincoln National from $41.00 to $37.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. TD Cowen raised their price objective on Lincoln National from $37.00 to $42.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, Jefferies Financial Group lifted their price objective on Lincoln National from $56.00 to $57.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Six equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Lincoln National presently has a consensus rating of “Hold” and a consensus target price of $45.21.

Lincoln National Stock Down 2.0%

Shares of LNC opened at $40.88 on Friday. The business’s 50 day moving average is $37.28 and its 200 day moving average is $37.48. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.65. Lincoln National Corporation has a 12-month low of $32.18 and a 12-month high of $46.82. The company has a market capitalization of $7.82 billion, a PE ratio of 4.74, a price-to-earnings-growth ratio of 2.95 and a beta of 1.17.

Lincoln National (NYSE:LNC) last posted its quarterly earnings results on Thursday, May 7th. The financial services provider reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.08. Lincoln National had a return on equity of 18.07% and a net margin of 9.17%.The business had revenue of $4.87 billion during the quarter, compared to the consensus estimate of $4.93 billion. During the same period in the prior year, the company posted $1.60 EPS. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. Research analysts expect that Lincoln National Corporation will post 7.73 earnings per share for the current fiscal year.

Lincoln National Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, July 10th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.4%. Lincoln National’s dividend payout ratio is currently 20.88%.

About Lincoln National

Lincoln National Corporation, doing business as Lincoln Financial Group, is a diversified financial services holding company focused on providing retirement, insurance, and wealth management solutions in the United States and select international markets. Headquartered in Radnor, Pennsylvania, the company operates through several business segments, including Retirement Plan Services, Life Insurance, and Group Protection. Its offerings are designed to help individuals, families, and institutions plan and prepare for their financial futures.

The Retirement Plan Services segment delivers recordkeeping, administrative services, and investment management for defined contribution and defined benefit plans.