Economy

Lincoln National Corporation (NYSE:LNC) Updated Broker Ratings

Affinity Investment Advisors, LLC lowered its ownership in Lincoln National Corporation shares by 12,582 shares in a 13F filing with the SEC. Teachers Retirement System of The State of Kentucky now owns 544,208 shares of the financial services provider's stock valued at $36,777,000 after purchasing an additional 248,800 shares during the last quarter.

Investors are more bullish on shares of the company recently at least if you consider the decrease in short interest. LLC owned about 0.18% of Lincoln National Corporation worth $26,917,000 at the end of the most recent quarter. Tudor Investment Corp ET AL acquired a new stake in Lincoln National Corporation in the first quarter valued at approximately $1,950,000. LLC increased its holdings in shares of Lincoln National Corporation by 29.0% in the 1st quarter. Janus Capital Management LLC boosted its position in Lincoln National Corporation by 3,586.0% in the first quarter. Meeder Asset Management Inc. now owns 34,569 shares of the financial services provider's stock valued at $2,262,000 after purchasing an additional 33,387 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its position in shares of Lincoln National Corporation by 84.2% during the 2nd quarter. 993032 shares were traded during the last session.

COPYRIGHT VIOLATION NOTICE: This news story was posted by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this piece of content on another site, it was stolen and republished in violation of USA & global trademark and copyright law. Fin Architects has invested 0.04% in Lincoln National Corporation (NYSE:LNC).

A number of analysts have weighed in on the stock. The stock of Lincoln National Corporation (NYSE:LNC) has "Overweight" rating given on Friday, August 11 by Barclays Capital. The value of the investment in Lincoln National Corporation went from $959,000 to $929,000 a change of 3.1% for the reporting period. Finally, Homrich & Berg bought a new position in shares of Lincoln National Corporation during the 2nd quarter valued at about $204,000. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on shares of Lincoln National Corporation in a research note on Wednesday, October 18th. The stock's average target of $19 is 58.60% above today's ($11.98) share price. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company's stock. They issued a "sell" rating and a $71.00 price objective for the company. The original version of this piece of content can be viewed at https://www.dispatchtribunal.com/2017/10/31/bremer-trust-national-association-sells-1440-shares-of-lincoln-national-corporation-lnc.html. Lincoln National Corporation has a one year low of $47.90 and a one year high of $77.36. After a recent look, shares have been seen 9.79% from the 200-day moving average, and 5.55% from the 50-day moving average.

Lincoln National Corporation (NYSE:LNC) traded up 0.03% during midday trading on Tuesday, hitting $76.42. The financial services provider reported $1.85 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.73 by $0.12. The company had revenue of $3.58 billion for the quarter, compared to analysts' expectations of $3.56 billion. Schwab Charles Invest Management Incorporated has invested 0.05% of its portfolio in Lincoln National Corporation (NYSE:LNC). The stock of Lincoln National Corporation (NYSE:LNC) has "Buy" rating given on Thursday, April 6 by Bank of America. Next quarter's EPS is estimated at $1.89 and the next full year EPS is anticipated to be $7.72. Equities analysts forecast that Lincoln National Corporation will post $7.49 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 1st. Shareholders of record on Tuesday, October 10th will be paid a dividend of $0.29 per share. The ex-dividend date was Friday the 6th of October 2017. This represents a $1.16 dividend on an annualized basis and a yield of 1.50%. Also Nasdaq.com published the news titled: "The Zacks Analyst Blog Highlights: Prudential Financial, Lincoln National ..." on October 27, 2017. The institutional investor held 2.72 million shares of the life insurance company at the end of 2017Q2, valued at $183.56 million, down from 2.77 million at the end of the previous reported quarter. The Company sells a range of wealth protection, accumulation and retirement income products and solutions, through its business segments. These products include fixed and indexed annuities, variable annuities, universal life insurance, variable universal life insurance, linked-benefit UL, term life insurance, indexed universal life insurance, employer-sponsored retirement plans and services, and group life, disability and dental.



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