Lincoln National Corporation (LNC) Position Maintained by North Star Investment Management Corp.

North Star Investment Management Corp. continued to hold its stake in Lincoln National Corporation (NYSE:LNC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,866 shares of the financial services provider’s stock at the end of the second quarter. North Star Investment Management Corp.’s holdings in Lincoln National Corporation were worth $261,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in LNC. Ibex Wealth Advisors purchased a new stake in Lincoln National Corporation during the fourth quarter valued at about $2,998,000. UBS Asset Management Americas Inc. boosted its stake in Lincoln National Corporation by 104.2% in the fourth quarter. UBS Asset Management Americas Inc. now owns 3,086,835 shares of the financial services provider’s stock valued at $204,564,000 after buying an additional 1,575,438 shares in the last quarter. Pegasus Partners Ltd. boosted its stake in Lincoln National Corporation by 7.8% in the fourth quarter. Pegasus Partners Ltd. now owns 16,989 shares of the financial services provider’s stock valued at $1,126,000 after buying an additional 1,224 shares in the last quarter. Teachers Advisors LLC boosted its stake in Lincoln National Corporation by 95.5% in the fourth quarter. Teachers Advisors LLC now owns 623,598 shares of the financial services provider’s stock valued at $41,326,000 after buying an additional 304,584 shares in the last quarter. Finally, Kentucky Retirement Systems purchased a new stake in Lincoln National Corporation during the fourth quarter valued at about $1,099,000. 79.85% of the stock is currently owned by institutional investors.

Lincoln National Corporation (LNC) opened at 70.76 on Friday. The stock has a market capitalization of $15.87 billion, a price-to-earnings ratio of 11.60 and a beta of 1.98. The stock’s 50 day moving average is $68.08 and its 200 day moving average is $67.54. Lincoln National Corporation has a one year low of $42.24 and a one year high of $73.31.

Lincoln National Corporation (NYSE:LNC) last released its earnings results on Wednesday, May 3rd. The financial services provider reported $1.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.30. Lincoln National Corporation had a return on equity of 10.70% and a net margin of 10.43%. The company had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.54 billion. During the same quarter in the previous year, the business posted $1.25 EPS. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities analysts forecast that Lincoln National Corporation will post $7.34 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Monday, July 10th will be paid a $0.29 dividend. The ex-dividend date is Thursday, July 6th. This represents a $1.16 annualized dividend and a dividend yield of 1.64%. Lincoln National Corporation’s payout ratio is 19.14%.

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LNC has been the topic of several analyst reports. Bank of America Corporation raised shares of Lincoln National Corporation from a “neutral” rating to a “buy” rating and set a $78.00 price target on the stock in a research note on Thursday, April 6th. They noted that the move was a valuation call. Wells Fargo & Company reaffirmed a “hold” rating on shares of Lincoln National Corporation in a research note on Thursday, May 4th. Zacks Investment Research raised shares of Lincoln National Corporation from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Monday, June 5th. BidaskClub raised shares of Lincoln National Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Lincoln National Corporation in a research note on Monday, June 26th. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $72.60.

In related news, Director Isaiah Tidwell sold 13,946 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $65.04, for a total value of $907,047.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael F. Mee sold 30,173 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $68.32, for a total value of $2,061,419.36. Following the completion of the sale, the director now directly owns 6,336 shares of the company’s stock, valued at approximately $432,875.52. The disclosure for this sale can be found here. In the last three months, insiders sold 57,693 shares of company stock valued at $3,899,915. 1.41% of the stock is currently owned by company insiders.

About Lincoln National Corporation

Lincoln National Corporation is a holding company, which operates insurance and retirement businesses through subsidiary companies. The Company sells a range of wealth protection, accumulation and retirement income products and solutions, through its business segments. The Company operates through four segments: Annuities segment, which offers fixed (including indexed) and variable annuities; Retirement Plan Services segment, which provides employers with retirement plan products and services; Life Insurance segment, which focuses on the creation and protection of wealth through life insurance products, and Group Protection, which offers principally group non-medical insurance products.