Brookstone Capital Management acquired a new stake in shares of Lincoln National Co. (NYSE:LNC – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 6,411 shares of the financial services provider’s stock valued at approximately $210,000.

A number of other large investors have also recently changed their holdings in the company. Central Pacific Bank Trust Division acquired a new stake in Lincoln National in the 1st quarter valued at about $25,000. Brown Brothers Harriman & Co. acquired a new stake in Lincoln National in the fourth quarter valued at $27,000. Adirondack Trust Co. acquired a new stake in Lincoln National in the second quarter valued at $31,000. Transcendent Capital Group LLC acquired a new stake in Lincoln National in the fourth quarter valued at $35,000. Finally, FinTrust Capital Advisors LLC acquired a new stake in Lincoln National in the 4th quarter valued at $38,000. Hedge funds and other institutional investors own 72.81% of the company’s shares.

Wall Street analysts predict growth

Several research analysts have recently commented on the company. Morgan Stanley decreased their price target on Lincoln National from $30.00 to $29.00 and gave the company an “equal weight” rating in a research report on Monday. Piper Sandler raised their price target on Lincoln National from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, June 28th. Bank of America decreased their price target on Lincoln National from $32.00 to $31.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Jefferies Financial Group increased their price target on shares of Lincoln National from $34.00 to $38.00 and gave the company a “buy” rating in a report on Friday, June 28th. Finally, Wells Fargo & Company lowered their price target on shares of Lincoln National from $28.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Friday, May 10. One analyst rated the stock at “sell,” eight gave “hold” and two gave “buy” ratings. According to MarketBeat.com, the stock has an average rating of “hold” and an average price target of $32.40.

Check out our latest stock report on LNC

Insider buying and selling at Lincoln National

In other news, EVP Sean Woodroffe sold 55,127 shares of Lincoln National stock on Tuesday, May 28. The shares were sold at an average price of $32.57, for a total transaction of $1,795,486.39. Following the completion of the sale, the executive vice president now directly owns 198,255 shares of the company’s stock, valued at $6,457,165.35. The transaction was disclosed in a filing with the SEC, which is available through the SEC’s website. 0.54% of the shares are currently owned by company insiders.

Lincoln National Price History

Lincoln National stock opened at $31.02 on Thursday. The company has a market cap of $5.27 billion, a P/E ratio of 4.24, a price-to-earnings-growth ratio of 0.29 and a beta of 1.84. Lincoln National Co. has a 12-month low of $20.85 and a 12-month high of $36.46. The company has a 50-day moving average price of $31.38 and a 200-day moving average price of $29.85. The company has a current ratio of 0.27, a quick ratio of 0.26 and a debt-to-equity ratio of 0.82.

Lincoln National (NYSE:LNC – Get Free Report) last announced its quarterly earnings results on Thursday, August 1. The financial services provider reported earnings per share (EPS) of $1.84 for the quarter, beating the consensus estimate of $1.77 by $0.07. Lincoln National had a net margin of 12.24% and a return on equity of 17.13%. The company had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $4.65 billion. During the same quarter last year, the company generated earnings per share of $2.02. As a group, equities analysts forecast that Lincoln National Co. will post earnings per share of $5.83 for the current year.

Lincoln National Company Profile

(Free report)

Lincoln National Corporation, through its subsidiaries, operates several insurance and annuity businesses in the United States. It operates in four segments: Life Insurance, Annuities, Group Insurance, and Retirement Plan Services. The Life Insurance segment offers life insurance products, including term life insurance, universal life (UL), indexed universal life, variable universal life (VUL), UL and VUL linked benefit products, and critical illness and long-term care supplemental insurance.

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