IFM Investors Pty Ltd Acquires 2,809 Shares of Lincoln National Co. (NYSE:LNC)
IFM Investors Pty Ltd lifted its holdings in shares of Lincoln National Co. (NYSE:LNC) by 21.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,086 shares of the financial services provider’s stock after acquiring an additional 2,809 shares during the quarter. IFM Investors Pty Ltd’s holdings in Lincoln National were worth $1,037,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Truvestments Capital LLC raised its holdings in Lincoln National by 42.7% in the 2nd quarter. Truvestments Capital LLC now owns 13,271 shares of the financial services provider’s stock valued at $855,000 after acquiring an additional 3,971 shares in the last quarter. Clark Capital Management Group Inc. increased its stake in shares of Lincoln National by 58.9% in the 2nd quarter. Clark Capital Management Group Inc. now owns 432,165 shares of the financial services provider’s stock valued at $27,853,000 after purchasing an additional 160,127 shares during the last quarter. Diversified Trust Co increased its stake in shares of Lincoln National by 4.9% in the 2nd quarter. Diversified Trust Co now owns 13,487 shares of the financial services provider’s stock valued at $869,000 after purchasing an additional 631 shares during the last quarter. Xact Kapitalforvaltning AB increased its stake in shares of Lincoln National by 5.6% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 53,821 shares of the financial services provider’s stock valued at $3,469,000 after purchasing an additional 2,846 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC increased its stake in shares of Lincoln National by 152.8% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 13,034 shares of the financial services provider’s stock valued at $840,000 after purchasing an additional 7,879 shares during the last quarter. Institutional investors own 80.54% of the company’s stock.
In other Lincoln National news, EVP Kenneth S. Solon sold 11,738 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $64.39, for a total value of $755,809.82. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Christine A. Janofsky sold 7,928 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $62.62, for a total value of $496,451.36. The disclosure for this sale can be found here. Insiders have sold a total of 45,206 shares of company stock worth $2,920,586 in the last 90 days. 1.50% of the stock is currently owned by corporate insiders.
Shares of LNC opened at $66.64 on Friday. The company has a market cap of $13.48 billion, a price-to-earnings ratio of 7.86, a price-to-earnings-growth ratio of 0.80 and a beta of 1.89. Lincoln National Co. has a 52-week low of $48.07 and a 52-week high of $71.27. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.19 and a current ratio of 0.19. The firm has a fifty day simple moving average of $64.71.
Lincoln National (NYSE:LNC) last issued its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.06. The business had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.25 billion. Lincoln National had a return on equity of 12.32% and a net margin of 9.02%. Lincoln National’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.97 EPS. On average, equities analysts expect that Lincoln National Co. will post 9.29 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 10th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $1.48 dividend on an annualized basis and a yield of 2.22%. Lincoln National’s dividend payout ratio is currently 17.45%.
Lincoln National Profile
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 Annuities segment offers variable, fixed, and indexed variable annuities.
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