Lincoln National (NYSE:LNC) EVP Sean Woodroffe Sells 17,500 Shares of Company Stock

Lincoln National Corporation (NYSE:LNC – Get Free Report) EVP Sean Woodroffe sold 17,500 shares of the firm’s stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $40.24, for a total transaction of $704,200.00. Following the completion of the sale, the executive vice president directly owned 103,296 shares of the company’s stock, valued at approximately $4,156,631.04. This represents a 14.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Sean Woodroffe also recently made the following trade(s):

  • On Monday, August 17th, Sean Woodroffe sold 11,000 shares of Lincoln National stock. The shares were sold at an average price of $45.28, for a total transaction of $498,080.00.

Lincoln National Trading Up 7.5%

Shares of LNC opened at $43.05 on Tuesday. Lincoln National Corporation has a 1-year low of $32.18 and a 1-year high of $47.67. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.62. The firm’s 50-day moving average price is $41.51 and its 200-day moving average price is $39.03. The firm has a market capitalization of $8.24 billion, a price-to-earnings ratio of 2.66, a PEG ratio of 1.40 and a beta of 1.16.

Lincoln National (NYSE:LNC – Get Free Report) last released its quarterly earnings results on Thursday, November 5th. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.24). Lincoln National had a return on equity of 17.35% and a net margin of 12.21%. The company had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $4.97 billion. During the same period in the previous year, the company earned $2.04 earnings per share. Sell-side analysts anticipate that Lincoln National Corporation will post 7.90 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Trust Co. of Vermont purchased a new position in Lincoln National during the 2nd quarter valued at about $28,000. Laurel Wealth Advisors LLC bought a new stake in Lincoln National during the third quarter worth about $34,000. Reyes Financial Architecture Inc. purchased a new stake in Lincoln National in the third quarter worth about $36,000. Latitude Advisors LLC purchased a new stake in Lincoln National in the third quarter worth about $40,000. Finally, Root Financial Partners LLC purchased a new stake in Lincoln National in the third quarter worth about $61,000. 72.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on LNC shares. Wells Fargo & Company upped their target price on Lincoln National from $52.00 to $54.00 and gave the stock an “overweight” rating in a report on Monday, October 12th. JPMorgan Chase & Co. decreased their target price on Lincoln National from $49.00 to $47.00 and set an “underweight” rating for the company in a research report on Thursday, October 15th. Mizuho lowered their target price on Lincoln National from $53.00 to $49.00 and set an “outperform” rating for the company in a research note on Wednesday, October 7th. TD Cowen lifted their price target on Lincoln National from $37.00 to $42.00 and gave the company a “hold” rating in a research report on Wednesday, July 22nd. Finally, UBS Group lifted their price target on Lincoln National from $44.00 to $46.00 and gave the company a “neutral” rating in a research report on Tuesday, October 6th. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $48.67.

Read Our Latest Research Report on LNC

About Lincoln National

(Get Free Report)

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.

Founded in 1905 as The Lincoln National Life Insurance Company, the business takes its name from Abraham Lincoln.

Further Reading

Insider Buying and Selling by Quarter for Lincoln National (NYSE:LNC)

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