Lincoln National Corporation (NYSE:LNC – Get Free Report) Director Gary Kelly sold 15,007 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $26.50, for a total transaction of $397,685.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Lincoln National Price Performance
Shares of LNC stock traded up $0.19 on Friday, reaching $45.47. The company’s stock had a trading volume of 1,198,439 shares, compared to its average volume of 2,053,292. The company has a market capitalization of $8.71 billion, a P/E ratio of 3.94, a PEG ratio of 1.59 and a beta of 1.15. Lincoln National Corporation has a 12-month low of $32.18 and a 12-month high of $47.67. The stock’s 50 day simple moving average is $40.18 and its 200-day simple moving average is $37.73. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.62.
Lincoln National (NYSE:LNC – Get Free Report) last posted its earnings results on Thursday, July 30th. The financial services provider reported $2.24 EPS for the quarter, topping the consensus estimate of $1.96 by $0.28. The business had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.89 billion. Lincoln National had a return on equity of 17.35% and a net margin of 12.21%.The firm’s revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.36 earnings per share. As a group, equities analysts predict that Lincoln National Corporation will post 7.82 earnings per share for the current fiscal year.
Lincoln National Announces Dividend
Wall Street Analysts Forecast Growth
LNC has been the topic of a number of recent analyst reports. TD Cowen raised their target price on shares of Lincoln National from $37.00 to $42.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. UBS Group increased their price target on shares of Lincoln National from $39.00 to $44.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Keefe, Bruyette & Woods raised their price objective on shares of Lincoln National from $46.00 to $51.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Wells Fargo & Company lifted their price objective on shares of Lincoln National from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Finally, Mizuho increased their target price on Lincoln National from $51.00 to $53.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Lincoln National has a consensus rating of “Hold” and an average price target of $46.43.
Read Our Latest Research Report on Lincoln National
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Bain Capital Prairie LLC purchased a new position in shares of Lincoln National during the fourth quarter worth approximately $835,360,000. Dimensional Fund Advisors LP boosted its stake in shares of Lincoln National by 24.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,755,506 shares of the financial services provider’s stock valued at $275,304,000 after purchasing an additional 1,522,179 shares in the last quarter. State Street Corp grew its holdings in shares of Lincoln National by 0.7% during the 2nd quarter. State Street Corp now owns 6,199,526 shares of the financial services provider’s stock valued at $214,504,000 after purchasing an additional 40,676 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of Lincoln National by 3.9% during the 1st quarter. Jennison Associates LLC now owns 3,823,152 shares of the financial services provider’s stock valued at $135,722,000 after purchasing an additional 141,994 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Lincoln National by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 2,959,195 shares of the financial services provider’s stock worth $131,801,000 after purchasing an additional 14,842 shares during the period. 72.81% of the stock is currently owned by institutional investors.
Lincoln National Company Profile
Lincoln National Corporation, doing business as Lincoln Financial Group, is a diversified financial services holding company focused on providing retirement, insurance, and wealth management solutions in the United States and select international markets. Headquartered in Radnor, Pennsylvania, the company operates through several business segments, including Retirement Plan Services, Life Insurance, and Group Protection. Its offerings are designed to help individuals, families, and institutions plan and prepare for their financial futures.
The Retirement Plan Services segment delivers recordkeeping, administrative services, and investment management for defined contribution and defined benefit plans.
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