Lincoln National (NYSE:LNC) EVP Sells $1,033,500.00 in Stock

Lincoln National Corporation (NYSE:LNC) EVP Craigt Beazer sold 30,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $34.45, for a total value of $1,033,500.00. Following the completion of the sale, the executive vice president directly owned 103,906 shares in the company, valued at $3,579,561.70. The trade was a 22.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Lincoln National Stock Up 2.5%

NYSE LNC opened at $36.27 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.25 and a quick ratio of 0.25. The stock has a market capitalization of $6.93 billion, a PE ratio of 4.21, a PEG ratio of 2.27 and a beta of 1.17. Lincoln National Corporation has a 1 year low of $31.69 and a 1 year high of $46.82. The business’s 50-day moving average is $35.61 and its 200 day moving average is $38.62.

Lincoln National (NYSE:LNC) last posted its earnings results on Thursday, May 7th. The financial services provider reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.08. The company had revenue of $4.87 billion for the quarter, compared to analysts’ expectations of $4.93 billion. Lincoln National had a return on equity of 18.07% and a net margin of 9.17%.Lincoln National’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period last year, the firm earned $1.60 earnings per share. Sell-side analysts forecast that Lincoln National Corporation will post 7.72 earnings per share for the current year.

Lincoln National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.80 annualized dividend and a dividend yield of 5.0%. Lincoln National’s dividend payout ratio (DPR) is presently 20.88%.

Institutional Trading of Lincoln National

Hedge funds have recently made changes to their positions in the stock. V Square Quantitative Management LLC bought a new stake in shares of Lincoln National in the 4th quarter worth approximately $31,000. Transamerica Financial Advisors LLC purchased a new position in Lincoln National in the 4th quarter worth approximately $32,000. JPL Wealth Management LLC purchased a new position in Lincoln National in the 3rd quarter worth approximately $29,000. Los Angeles Capital Management LLC purchased a new position in Lincoln National in the 4th quarter worth approximately $34,000. Finally, Laurel Wealth Advisors LLC purchased a new position in Lincoln National in the 4th quarter worth approximately $38,000. 72.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LNC. Mizuho cut their target price on Lincoln National from $54.00 to $48.00 and set an “outperform” rating on the stock in a research note on Monday, April 13th. Bank of America cut their price objective on Lincoln National from $41.00 to $37.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Keefe, Bruyette & Woods lifted their price objective on Lincoln National from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. National Bank Financial set a $40.00 price objective on Lincoln National in a research report on Thursday, May 21st. Finally, Wells Fargo & Company lifted their price objective on Lincoln National from $43.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Lincoln National has an average rating of “Hold” and an average price target of $43.00.

About Lincoln National

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.