Key Points
- Owen Ryan, a Lincoln National director, purchased 2,000 shares at an average price of $42.17 on Nov. 12 for $84,340, increasing his holdings to 12,000 shares (a 20% rise).
- Lincoln National declared a quarterly dividend of $0.45 per share (annualized $1.80) with record/ex-dividend date on Jan. 12 and payment on Feb. 2, implying roughly a 4.4% yield.
- The company reported Q3 EPS of $2.04, beating estimates by $0.20 while revenue fell short, and the stock trades at a P/E of about 7.16 with a market cap near $7.8 billion.
Lincoln National Corporation (NYSE:LNC - Get Free Report) Director Owen Ryan acquired 2,000 shares of the company's stock in a transaction that occurred on Wednesday, November 12th. The stock was purchased at an average cost of $42.17 per share, for a total transaction of $84,340.00. Following the purchase, the director owned 12,000 shares of the company's stock, valued at $506,040. This represents a 20.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Lincoln National Trading Down 0.1%
LNC traded down $0.03 during trading on Friday, hitting $41.05. 1,272,583 shares of the stock were exchanged, compared to its average volume of 1,886,484. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.26 and a current ratio of 0.26. The firm has a 50 day simple moving average of $40.41 and a 200 day simple moving average of $37.35. The firm has a market cap of $7.80 billion, a price-to-earnings ratio of 7.16, a P/E/G ratio of 0.50 and a beta of 1.49. Lincoln National Corporation has a 1 year low of $27.58 and a 1 year high of $43.66.
Lincoln National (NYSE:LNC - Get Free Report) last posted its quarterly earnings results on Thursday, October 30th. The financial services provider reported $2.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.84 by $0.20. The business had revenue of $4.56 billion for the quarter, compared to the consensus estimate of $4.80 billion. Lincoln National had a return on equity of 19.14% and a net margin of 6.34%.During the same quarter in the prior year, the company earned $2.06 EPS. As a group, equities analysts expect that Lincoln National Corporation will post 7.69 EPS for the current year.
Lincoln National Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Monday, January 12th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 4.4%. The ex-dividend date is Monday, January 12th. Lincoln National's dividend payout ratio is presently 16.16%.
Analyst Ratings Changes
Several equities research analysts have recently commented on LNC shares. Keefe, Bruyette & Woods boosted their price target on shares of Lincoln National from $43.00 to $44.00 and gave the company a "market perform" rating in a report on Monday, November 3rd. Zacks Research raised shares of Lincoln National from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, November 5th. Barclays increased their target price on Lincoln National from $42.00 to $46.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 8th. Morgan Stanley reduced their price target on Lincoln National from $58.00 to $53.00 and set an "overweight" rating for the company in a research report on Tuesday, October 7th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Lincoln National in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $42.82.
Read Our Latest Research Report on LNC
Institutional Trading of Lincoln National
A number of institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. boosted its holdings in Lincoln National by 17.9% in the first quarter. Envestnet Asset Management Inc. now owns 116,594 shares of the financial services provider's stock worth $4,187,000 after acquiring an additional 17,721 shares in the last quarter. Alps Advisors Inc. acquired a new stake in Lincoln National in the 1st quarter worth approximately $348,000. Cerity Partners LLC grew its position in Lincoln National by 10.0% during the 1st quarter. Cerity Partners LLC now owns 53,540 shares of the financial services provider's stock worth $1,923,000 after purchasing an additional 4,878 shares during the last quarter. Xponance Inc. increased its stake in Lincoln National by 7.5% during the 1st quarter. Xponance Inc. now owns 8,571 shares of the financial services provider's stock valued at $308,000 after purchasing an additional 598 shares in the last quarter. Finally, New York State Common Retirement Fund raised its holdings in shares of Lincoln National by 11.7% in the first quarter. New York State Common Retirement Fund now owns 100,618 shares of the financial services provider's stock worth $3,613,000 after buying an additional 10,500 shares during the last quarter. Institutional investors and hedge funds own 72.81% of the company's stock.
Lincoln National Company Profile
(
Get Free Report)
Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates in four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders.
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