Lincoln National (NYSE:LNC) Director Gary Kelly Sells 15,007 Shares

Lincoln National Corporation (NYSE:LNC) Director Gary Kelly sold 15,007 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $26.50, for a total value of $397,685.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Lincoln National Trading Up 0.4%

Shares of NYSE:LNC opened at $45.47 on Friday. The business’s 50 day simple moving average is $40.40 and its 200 day simple moving average is $37.78. Lincoln National Corporation has a 1 year low of $32.18 and a 1 year high of $47.67. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market capitalization of $8.71 billion, a P/E ratio of 3.94, a P/E/G ratio of 1.63 and a beta of 1.15.

Lincoln National (NYSE:LNC) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $2.24 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.28. The firm 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 company’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.36 EPS. On average, research analysts anticipate that Lincoln National Corporation will post 7.82 EPS for the current fiscal year.

Lincoln National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Monday, October 12th will be given a $0.45 dividend. The ex-dividend date is Friday, October 9th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.0%. Lincoln National’s dividend payout ratio (DPR) is presently 15.60%.

Wall Street Analysts Forecast Growth

LNC has been the subject of several recent analyst reports. TD Cowen upped their price objective on shares of Lincoln National from $37.00 to $42.00 and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. raised their target price on shares of Lincoln National from $40.00 to $42.00 and gave the company an “underweight” rating in a report on Tuesday, July 21st. Bank of America restated a “neutral” rating and issued a $47.00 target price on shares of Lincoln National in a research report on Thursday, July 30th. Mizuho upped their price target on shares of Lincoln National from $51.00 to $53.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Finally, Keefe, Bruyette & Woods increased their price target on shares of Lincoln National from $46.00 to $51.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $46.43.

Institutional Trading of Lincoln National

Large investors have recently bought and sold shares of the business. Insight Inv LLC grew its position in Lincoln National by 0.5% in the fourth quarter. Insight Inv LLC now owns 48,127 shares of the financial services provider’s stock valued at $2,143,000 after acquiring an additional 250 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Lincoln National by 6.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,110 shares of the financial services provider’s stock worth $185,000 after acquiring an additional 252 shares during the last quarter. CWM LLC boosted its stake in shares of Lincoln National by 2.1% in the 4th quarter. CWM LLC now owns 12,397 shares of the financial services provider’s stock valued at $552,000 after purchasing an additional 255 shares in the last quarter. Evergreen Capital Management LLC boosted its stake in shares of Lincoln National by 3.2% in the 2nd quarter. Evergreen Capital Management LLC now owns 8,815 shares of the financial services provider’s stock valued at $305,000 after purchasing an additional 275 shares in the last quarter. Finally, Integrated Advisors Network LLC grew its holdings in shares of Lincoln National by 3.3% during the 1st quarter. Integrated Advisors Network LLC now owns 8,677 shares of the financial services provider’s stock valued at $308,000 after purchasing an additional 279 shares during the last quarter. 72.81% of the stock is owned by institutional investors and hedge funds.

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.