Susquehanna Fundamental Investments LLC Has $5.58 Million Stock Holdings in Lincoln National Corporation $LNC

Susquehanna Fundamental Investments LLC increased its position in shares of Lincoln National Corporation (NYSE:LNC) by 557.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 158,004 shares of the financial services provider’s stock after purchasing an additional 133,973 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Lincoln National were worth $5,585,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in LNC. Bain Capital Prairie LLC bought a new stake in shares of Lincoln National during the fourth quarter worth $835,360,000. Norges Bank bought a new position in shares of Lincoln National in the fourth quarter valued at about $101,114,000. Bank of New York Mellon Corp acquired a new position in Lincoln National during the 2nd quarter worth about $63,112,000. Dimensional Fund Advisors LP grew its holdings in Lincoln National by 24.4% during the 1st 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 last quarter. Finally, Marshall Wace LLP acquired a new stake in Lincoln National in the 3rd quarter valued at about $29,831,000. 72.81% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Craigt T. Beazer sold 30,000 shares of the business’s stock in a transaction that occurred 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 owned 103,906 shares in the company, valued at approximately $3,579,561.70. The trade was a 22.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gary C. Kelly sold 15,007 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $26.50, for a total transaction of $397,685.50. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 56,007 shares of company stock valued at $1,929,266 in the last ninety days. 1.03% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Mizuho upped their target price on shares of Lincoln National from $51.00 to $53.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. National Bank Financial set a $50.00 price objective on shares of Lincoln National in a research report on Monday, August 24th. Morgan Stanley increased their price objective on Lincoln National from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Monday, August 24th. TD Cowen lifted their target price on Lincoln National from $37.00 to $42.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. Finally, Keefe, Bruyette & Woods upped their price target on Lincoln National from $46.00 to $51.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $47.07.

Lincoln National Stock Performance

LNC stock opened at $42.63 on Tuesday. Lincoln National Corporation has a twelve month low of $32.18 and a twelve month high of $47.67. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.62. The company has a market cap of $8.16 billion, a P/E ratio of 3.69, a price-to-earnings-growth ratio of 1.53 and a beta of 1.14. The business’s fifty day moving average is $41.80 and its 200-day moving average is $37.95.

Lincoln National (NYSE:LNC) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.28. Lincoln National had a return on equity of 17.35% and a net margin of 12.21%.The business had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.89 billion. During the same period in the previous year, the firm earned $2.36 earnings per share. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. Equities research analysts forecast that Lincoln National Corporation will post 7.97 EPS for the current year.

Lincoln National Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Monday, October 12th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Friday, October 9th. Lincoln National’s payout ratio is presently 15.60%.

Lincoln National Company Profile

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.