Lincoln National Co. (LNC) Holdings Increased by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board raised its position in shares of Lincoln National Co. (NYSE:LNC) by 1.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 310,497 shares of the financial services provider’s stock after acquiring an additional 4,155 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Lincoln National were worth $23,868,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in LNC. Eqis Capital Management Inc. acquired a new stake in Lincoln National during the 3rd quarter valued at $227,000. Shell Asset Management Co. increased its stake in shares of Lincoln National by 198.8% in the third quarter. Shell Asset Management Co. now owns 40,415 shares of the financial services provider’s stock worth $2,165,000 after acquiring an additional 26,889 shares during the last quarter. PGGM Investments increased its stake in shares of Lincoln National by 2.3% in the third quarter. PGGM Investments now owns 158,924 shares of the financial services provider’s stock worth $11,678,000 after acquiring an additional 3,585 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Lincoln National by 5.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 589,004 shares of the financial services provider’s stock worth $43,281,000 after acquiring an additional 30,184 shares during the last quarter. Finally, Denali Advisors LLC increased its stake in shares of Lincoln National by 155.1% in the third quarter. Denali Advisors LLC now owns 172,700 shares of the financial services provider’s stock worth $12,690,000 after acquiring an additional 105,000 shares during the last quarter. 79.29% of the stock is currently owned by institutional investors.

Shares of Lincoln National Co. (NYSE:LNC) opened at $77.58 on Monday. The stock has a market cap of $16,976.79, a price-to-earnings ratio of 8.40, a P/E/G ratio of 1.14 and a beta of 1.96. Lincoln National Co. has a fifty-two week low of $61.45 and a fifty-two week high of $86.68. The company has a quick ratio of 0.11, a current ratio of 0.10 and a debt-to-equity ratio of 0.28.

Lincoln National (NYSE:LNC) last issued its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.94 by $0.04. The firm had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.65 billion. Lincoln National had a net margin of 14.48% and a return on equity of 10.86%. Lincoln National’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.77 earnings per share. analysts anticipate that Lincoln National Co. will post 8.5 EPS for the current fiscal year.

Lincoln National announced that its board has initiated a share buyback plan on Friday, January 19th that permits the company to buyback shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

In other Lincoln National news, EVP Ellen Cooper sold 7,300 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $85.01, for a total transaction of $620,573.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Randal J. Freitag sold 31,657 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $84.32, for a total transaction of $2,669,318.24. The disclosure for this sale can be found here. Insiders sold 141,324 shares of company stock valued at $11,961,400 over the last quarter. 1.12% of the stock is currently owned by corporate insiders.

A number of equities analysts have recently weighed in on LNC shares. Morgan Stanley upped their price target on shares of Lincoln National from $77.00 to $79.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 2nd. B. Riley reaffirmed a “neutral” rating on shares of Lincoln National in a research note on Monday, November 6th. ValuEngine downgraded shares of Lincoln National from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 9th. Wells Fargo & Co set a $80.00 price target on shares of Lincoln National and gave the stock a “hold” rating in a research note on Thursday, November 16th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $86.00 price target on shares of Lincoln National in a research note on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $83.27.

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Lincoln National Company Profile

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.

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

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