Meiji Yasuda Asset Management Co Ltd. Decreases Position in Lincoln National Corporation (LNC)

Meiji Yasuda Asset Management Co Ltd. decreased its stake in shares of Lincoln National Corporation (NYSE:LNC) by 1.9% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 10,115 shares of the company’s stock after selling 200 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Lincoln National Corporation were worth $670,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in LNC. Global X Management Co. LLC boosted its stake in shares of Lincoln National Corporation by 98.6% in the third quarter. Global X Management Co. LLC now owns 2,324 shares of the company’s stock valued at $109,000 after buying an additional 1,154 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in Lincoln National Corporation by 75.0% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,800 shares of the company’s stock valued at $132,000 after buying an additional 1,200 shares in the last quarter. SRB Corp boosted its position in Lincoln National Corporation by 6.2% in the third quarter. SRB Corp now owns 3,389 shares of the company’s stock valued at $159,000 after buying an additional 199 shares in the last quarter. Quadrant Capital Group LLC boosted its position in Lincoln National Corporation by 1.5% in the third quarter. Quadrant Capital Group LLC now owns 3,955 shares of the company’s stock valued at $181,000 after buying an additional 59 shares in the last quarter. Finally, Boys Arnold & Co. Inc. purchased a new position in Lincoln National Corporation during the third quarter valued at about $210,000. Institutional investors and hedge funds own 78.34% of the company’s stock.

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

Shares of Lincoln National Corporation (NYSE:LNC) traded up 1.31% during midday trading on Monday, hitting $71.29. 1,250,165 shares of the company were exchanged. The stock has a market capitalization of $16.13 billion, a price-to-earnings ratio of 14.17 and a beta of 2.10. Lincoln National Corporation has a 52-week low of $31.50 and a 52-week high of $71.61. The company has a 50-day moving average price of $67.78 and a 200-day moving average price of $55.94.

Lincoln National Corporation (NYSE:LNC) last released its quarterly earnings results on Wednesday, February 1st. The company reported $1.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.71 by $0.06. Lincoln National Corporation had a return on equity of 9.93% and a net margin of 8.88%. The company earned $3.25 billion during the quarter, compared to analysts’ expectations of $3.45 billion. During the same quarter in the prior year, the business posted $1.54 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, analysts forecast that Lincoln National Corporation will post $6.99 EPS for the current year.

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Several research firms recently issued reports on LNC. RBC Capital Markets reiterated an “outperform” rating and issued a $77.00 target price (up from $73.00) on shares of Lincoln National Corporation in a research note on Friday, February 3rd. Royal Bank Of Canada boosted their target price on shares of Lincoln National Corporation from $73.00 to $77.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. Citigroup Inc. began coverage on shares of Lincoln National Corporation in a research note on Thursday, January 26th. They issued a “buy” rating and a $77.00 target price for the company. Deutsche Bank AG boosted their target price on shares of Lincoln National Corporation from $66.00 to $69.00 and gave the company a “hold” rating in a research note on Monday, January 23rd. Finally, Zacks Investment Research upgraded shares of Lincoln National Corporation from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Tuesday, January 10th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Lincoln National Corporation currently has a consensus rating of “Hold” and a consensus target price of $67.00.

In other news, CEO Dennis R. Glass sold 159,847 shares of the stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $69.50, for a total value of $11,109,366.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director George W. Henderson III sold 16,599 shares of the stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $63.68, for a total value of $1,057,024.32. Following the completion of the transaction, the director now directly owns 26,235 shares of the company’s stock, valued at approximately $1,670,644.80. The disclosure for this sale can be found here. In the last three months, insiders sold 309,065 shares of company stock valued at $20,436,002. Company insiders own 1.41% of the company’s stock.

Lincoln National Corporation 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. 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.

5 Day Chart for NYSE:LNC

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