Lincoln National Co. (NYSE:LNC) EVP Lisa Buckingham sold 24,537 shares of the firm’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $78.39, for a total transaction of $1,923,455.43. Following the sale, the executive vice president now directly owns 77,135 shares in the company, valued at $6,046,612.65. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Lincoln National Co. (LNC) opened at $77.84 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.10 and a quick ratio of 0.10. Lincoln National Co. has a 12-month low of $61.45 and a 12-month high of $86.68. The stock has a market cap of $17,113.58, a P/E ratio of 10.08, a P/E/G ratio of 1.15 and a beta of 1.97.
Lincoln National (NYSE:LNC) last released its earnings results on Wednesday, January 31st. The financial services provider reported $1.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.94 by $0.04. Lincoln National had a net margin of 14.48% and a return on equity of 10.86%. The business had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $3.65 billion. During the same period last year, the company earned $1.77 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. analysts anticipate that Lincoln National Co. will post 8.5 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Tuesday, April 10th will be given a $0.33 dividend. The ex-dividend date is Monday, April 9th. This represents a $1.32 annualized dividend and a dividend yield of 1.70%. Lincoln National’s dividend payout ratio is presently 14.29%.
Several equities research analysts have issued reports on LNC shares. Wells Fargo & Co set a $80.00 price target on shares of Lincoln National and gave the stock a “hold” rating in a research note on Thursday, November 16th. Royal Bank of Canada reaffirmed a “buy” rating and set a $86.00 price target on shares of Lincoln National in a research note on Friday, December 8th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $89.00 price target on shares of Lincoln National in a research note on Friday, December 22nd. JPMorgan Chase & Co. raised shares of Lincoln National from a “neutral” rating to an “overweight” rating and set a $87.00 price target on the stock in a research note on Tuesday, January 2nd. Finally, Deutsche Bank started coverage on shares of Lincoln National in a research note on Tuesday, January 2nd. They set a “buy” rating and a $84.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $83.33.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rowland & Co. Investment Counsel ADV acquired a new stake in shares of Lincoln National in the fourth quarter worth approximately $108,000. Cerebellum GP LLC acquired a new position in Lincoln National during the fourth quarter valued at approximately $123,000. Resources Investment Advisors Inc. lifted its position in Lincoln National by 125.0% during the fourth quarter. Resources Investment Advisors Inc. now owns 1,800 shares of the financial services provider’s stock valued at $138,000 after buying an additional 1,000 shares in the last quarter. Wagner Wealth Management LLC acquired a new position in Lincoln National during the fourth quarter valued at approximately $184,000. Finally, Focused Wealth Management Inc acquired a new position in Lincoln National during the fourth quarter valued at approximately $169,000. 82.30% of the stock is currently owned by institutional investors and hedge funds.
About Lincoln National
Lincoln National Corporation is a holding company, which operates insurance and retirement businesses through subsidiary companies. The Company sells a range of wealth protection, accumulation and retirement income products and solutions, through its business segments. The Company operates through four segments: Annuities segment, which offers fixed (including indexed) and variable annuities; Retirement Plan Services segment, which provides employers with retirement plan products and services; Life Insurance segment, which focuses on the creation and protection of wealth through life insurance products, and Group Protection, which offers principally group non-medical insurance products.
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