Lincoln National Corporation (NYSE:LNC - Get Free Report) EVP Sean Woodroffe sold 11,000 shares of the company's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $45.28, for a total transaction of $498,080.00. Following the completion of the transaction, the executive vice president owned 119,947 shares in the company, valued at $5,431,200.16. This trade represents a 8.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Lincoln National Price Performance
NYSE:LNC opened at $45.16 on Wednesday. Lincoln National Corporation has a 52 week low of $32.18 and a 52 week high of $47.67. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.27 and a current ratio of 0.27. The firm's 50-day simple moving average is $40.79 and its 200 day simple moving average is $37.81. The firm has a market cap of $8.64 billion, a price-to-earnings ratio of 3.91, a P/E/G ratio of 1.63 and a beta of 1.14.
Lincoln National (NYSE:LNC - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The financial services provider reported $2.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.96 by $0.28. Lincoln National had a net margin of 12.21% and a return on equity of 17.35%. The firm had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter in the previous year, the firm posted $2.36 EPS. The business's revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, sell-side analysts predict that Lincoln National Corporation will post 7.85 earnings per share for the current 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 paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, October 9th. Lincoln National's payout ratio is 15.60%.
Analyst Ratings Changes
LNC has been the topic of a number of recent research reports. National Bank Financial set a $51.00 price objective on Lincoln National in a research note on Thursday, July 9th. Jefferies Financial Group upped their target price on Lincoln National from $56.00 to $57.00 and gave the company a "buy" rating in a research report on Friday, July 10th. Bank of America reissued a "neutral" rating and set a $47.00 target price on shares of Lincoln National in a report on Thursday, July 30th. Wells Fargo & Company raised their price target on Lincoln National from $44.00 to $47.00 and gave the stock an "overweight" rating in a research report on Thursday, July 9th. Finally, JPMorgan Chase & Co. boosted their price target on Lincoln National from $40.00 to $42.00 and gave the company an "underweight" rating in a research note on Tuesday, July 21st. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Lincoln National has a consensus rating of "Hold" and a consensus target price of $46.43.
Get Our Latest Stock Report on Lincoln National
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in LNC. Transamerica Financial Advisors LLC acquired a new stake in shares of Lincoln National in the 4th quarter valued at $32,000. JPL Wealth Management LLC acquired a new stake in Lincoln National in the third quarter valued at about $29,000. Trust Co. of Vermont acquired a new stake in Lincoln National in the second quarter valued at about $28,000. Los Angeles Capital Management LLC bought a new position in Lincoln National in the fourth quarter valued at about $34,000. Finally, Laurel Wealth Advisors LLC acquired a new position in Lincoln National during the fourth quarter worth about $38,000. 72.81% of the stock is currently owned by institutional investors and hedge funds.
Lincoln National Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
