Caption Management LLC Takes Position in Lincoln National Co. (LNC)

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Caption Management LLC purchased a new position in Lincoln National Co. (NYSE:LNC) in the fourth quarter, HoldingsChannel reports. The fund purchased 12,000 shares of the financial services provider’s stock, valued at approximately $616,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CAPROCK Group Inc. increased its holdings in Lincoln National by 7.0% in the fourth quarter. CAPROCK Group Inc. now owns 5,901 shares of the financial services provider’s stock worth $303,000 after buying an additional 384 shares during the last quarter. CWM LLC increased its holdings in Lincoln National by 3.3% in the fourth quarter. CWM LLC now owns 12,673 shares of the financial services provider’s stock worth $650,000 after buying an additional 404 shares during the last quarter. Flagship Harbor Advisors LLC increased its holdings in Lincoln National by 718.5% in the fourth quarter. Flagship Harbor Advisors LLC now owns 753 shares of the financial services provider’s stock worth $38,000 after buying an additional 661 shares during the last quarter. Jupiter Asset Management Ltd. increased its holdings in Lincoln National by 1.8% in the third quarter. Jupiter Asset Management Ltd. now owns 44,873 shares of the financial services provider’s stock worth $3,035,000 after buying an additional 786 shares during the last quarter. Finally, Franklin Street Advisors Inc. NC increased its holdings in Lincoln National by 16.7% in the third quarter. Franklin Street Advisors Inc. NC now owns 6,026 shares of the financial services provider’s stock worth $408,000 after buying an additional 863 shares during the last quarter. 79.84% of the stock is owned by institutional investors and hedge funds.

LNC has been the topic of a number of research reports. Zacks Investment Research upgraded Lincoln National from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a report on Monday, October 8th. UBS Group increased their price objective on Lincoln National from $73.00 to $74.00 and gave the stock a “neutral” rating in a report on Monday, October 8th. Bank of America dropped their price objective on Lincoln National from $79.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, November 2nd. Deutsche Bank dropped their price objective on Lincoln National from $74.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, November 5th. Finally, Morgan Stanley dropped their price objective on Lincoln National from $76.00 to $74.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 13th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $74.69.

LNC stock traded up $0.31 during midday trading on Thursday, hitting $58.21. 214,228 shares of the company traded hands, compared to its average volume of 2,089,314. Lincoln National Co. has a twelve month low of $48.07 and a twelve month high of $86.19. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.39. The company has a market cap of $12.41 billion, a PE ratio of 7.47 and a beta of 1.89.

Lincoln National (NYSE:LNC) last announced its quarterly earnings results on Thursday, November 1st. The financial services provider reported $2.34 EPS for the quarter, beating the consensus estimate of $2.17 by $0.17. Lincoln National had a return on equity of 11.61% and a net margin of 13.14%. The company had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.25 billion. During the same quarter last year, the company posted $1.87 earnings per share. The company’s revenue for the quarter was up 21.4% compared to the same quarter last year. As a group, equities analysts expect that Lincoln National Co. will post 8.46 EPS for the current fiscal year.

In other Lincoln National news, EVP Jamie Ohl sold 2,152 shares of the stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $58.00, for a total transaction of $124,816.00. Following the transaction, the executive vice president now owns 12,732 shares in the company, valued at $738,456. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.12% of the company’s stock.

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About Lincoln National

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.

Further Reading: What are earnings reports?

Want to see what other hedge funds are holding LNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lincoln National Co. (NYSE:LNC).

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

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