First Business Financial Services Inc. Maintains Stake in Lincoln National Corporation (LNC)

First Business Financial Services Inc. Maintains Stake in Lincoln National Corporation (LNC)

First Business Financial Services Inc. continued to hold its position in shares of Lincoln National Corporation (NYSE:LNC) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,582 shares of the company’s stock at the end of the third quarter. First Business Financial Services Inc.’s holdings in Lincoln National Corporation were worth $403,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its position in shares of Lincoln National Corporation by 0.7% in the second quarter. Quadrant Capital Group LLC now owns 3,896 shares of the company’s stock valued at $146,000 after buying an additional 26 shares during the period. High Point Bank & Trust Co. boosted its position in shares of Lincoln National Corporation by 0.3% in the third quarter. High Point Bank & Trust Co. now owns 10,232 shares of the company’s stock valued at $480,000 after buying an additional 32 shares during the period. Stratford Consulting LLC boosted its position in shares of Lincoln National Corporation by 0.6% in the second quarter. Stratford Consulting LLC now owns 6,439 shares of the company’s stock valued at $250,000 after buying an additional 36 shares during the period. Azimuth Capital Management LLC boosted its position in shares of Lincoln National Corporation by 1.0% in the second quarter. Azimuth Capital Management LLC now owns 7,235 shares of the company’s stock valued at $281,000 after buying an additional 75 shares during the period. Finally, Raymond James Trust N.A. boosted its position in shares of Lincoln National Corporation by 1.6% in the third quarter. Raymond James Trust N.A. now owns 6,543 shares of the company’s stock valued at $307,000 after buying an additional 104 shares during the period. 78.79% of the stock is currently owned by institutional investors.

Shares of Lincoln National Corporation (NYSE:LNC) traded down 0.37% during trading on Friday, reaching $69.39. The company had a trading volume of 262,567 shares. Lincoln National Corporation has a 1-year low of $30.39 and a 1-year high of $70.37. The firm has a 50-day moving average of $67.21 and a 200 day moving average of $53.84. The firm has a market capitalization of $15.86 billion, a PE ratio of 13.11 and a beta of 2.11.

Lincoln National Corporation (NYSE:LNC) last posted its earnings results on Thursday, November 3rd. The company reported $1.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.28. Lincoln National Corporation had a net margin of 9.63% and a return on equity of 9.89%. The firm earned $3.53 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter last year, the firm earned $1.65 EPS. The firm’s revenue for the quarter was down 5.5% on a year-over-year basis. Analysts expect that Lincoln National Corporation will post $6.40 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 1st. Investors of record on Tuesday, January 10th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.67%. The ex-dividend date is Friday, January 6th. This is an increase from Lincoln National Corporation’s previous quarterly dividend of $0.25. Lincoln National Corporation’s dividend payout ratio (DPR) is 21.85%.

Several research analysts recently issued reports on the company. Citigroup Inc. assumed coverage on Lincoln National Corporation in a research note on Thursday. They issued a “buy” rating on the stock. RBC Capital Markets raised Lincoln National Corporation from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $62.00 to $73.00 in a research note on Thursday, December 8th. Zacks Investment Research raised Lincoln National Corporation from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research note on Monday, November 21st. Morgan Stanley lowered Lincoln National Corporation from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $60.00 to $71.00 in a report on Wednesday, December 14th. Finally, Deutsche Bank AG upped their target price on Lincoln National Corporation from $66.00 to $69.00 and gave the stock a “hold” rating in a report on Monday. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $61.69.

In other Lincoln National Corporation news, Director William Porter Payne sold 10,986 shares of the business’s stock in a transaction on Wednesday, December 14th. The shares were sold at an average price of $66.00, for a total value of $725,076.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Christine A. Janofsky sold 1,025 shares of the business’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $60.11, for a total transaction of $61,612.75. The disclosure for this sale can be found here. Insiders sold a total of 749,277 shares of company stock valued at $42,242,562 in the last quarter. 1.41% of the stock is owned by 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. It 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 in 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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