Lincoln National Corporation (NYSE:LNC – Get Free Report) EVP Craigt Beazer sold 17,980 shares of Lincoln National stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $42.50, for a total value of $764,150.00. Following the completion of the transaction, the executive vice president directly owned 87,702 shares in the company, valued at approximately $3,727,335. This represents a 17.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Lincoln National Stock Down 0.5%
Shares of LNC stock opened at $42.54 on Thursday. Lincoln National Corporation has a 12 month low of $32.18 and a 12 month high of $47.67. The firm has a market cap of $8.10 billion, a PE ratio of 2.63, a price-to-earnings-growth ratio of 1.21 and a beta of 1.16. The stock has a 50 day moving average of $41.51 and a 200-day moving average of $39.05. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.73.
Lincoln National (NYSE:LNC – Get Free Report) last posted its quarterly earnings data on Thursday, November 5th. The financial services provider reported $1.72 earnings per share for the quarter, missing the consensus estimate of $1.96 by ($0.24). The business had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $4.97 billion. Lincoln National had a net margin of 16.36% and a return on equity of 17.02%. During the same period in the prior year, the company posted $2.04 earnings per share. On average, equities analysts predict that Lincoln National Corporation will post 7.89 EPS for the current year.
Lincoln National Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, February 1st. Investors of record on Monday, January 11th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 4.2%. The ex-dividend date is Monday, January 11th. Lincoln National’s dividend payout ratio is presently 11.12%.
Institutional Trading of Lincoln National
A number of institutional investors and hedge funds have recently modified their holdings of the company. one8zero8 LLC acquired a new stake in Lincoln National during the third quarter worth $256,000. Private Advisor Group LLC lifted its holdings in shares of Lincoln National by 25.0% during the 3rd quarter. Private Advisor Group LLC now owns 49,052 shares of the financial services provider’s stock worth $1,975,000 after acquiring an additional 9,802 shares during the period. Ieq Capital LLC bought a new position in shares of Lincoln National during the 3rd quarter worth about $3,300,000. Focus Advisor Solutions LLC acquired a new stake in shares of Lincoln National during the 3rd quarter valued at about $667,000. Finally, Boston Partners boosted its position in shares of Lincoln National by 63.7% during the 3rd quarter. Boston Partners now owns 51,363 shares of the financial services provider’s stock valued at $2,068,000 after acquiring an additional 19,989 shares in the last quarter. 72.81% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
LNC has been the topic of several research analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Lincoln National from $49.00 to $47.00 and set an “underweight” rating on the stock in a research report on Thursday, October 15th. Morgan Stanley dropped their price objective on shares of Lincoln National from $50.00 to $47.00 and set an “overweight” rating on the stock in a report on Monday, October 5th. Wells Fargo & Company upped their price objective on shares of Lincoln National from $52.00 to $54.00 and gave the company an “overweight” rating in a research report on Monday, October 12th. National Bank Financial set a $49.00 target price on shares of Lincoln National in a research note on Wednesday, October 7th. Finally, UBS Group increased their target price on shares of Lincoln National from $44.00 to $46.00 and gave the company a “neutral” rating in a research note on Tuesday, October 6th. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $48.67.
Lincoln National Company Profile
Lincoln National Corporation, operating as Lincoln Financial Group, is a financial services and insurance company whose businesses focus on protecting income and helping individuals and employers plan for financial needs. Its offerings include life insurance, annuities, workplace benefits and retirement plan services. The company serves individuals, employers and retirement plan participants primarily in the United States. Its workplace protection products include benefits such as disability and life insurance, while its retirement services support employers and employees with workplace savings plans.
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