Lincoln National (NYSE:LNC) Director Purchases $84,340.00 in Stock

Lincoln National Corporation (NYSE:LNC) Director Owen Ryan acquired 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were bought at an average cost of $42.17 per share, for a total transaction of $84,340.00. Following the acquisition, the director directly owned 12,000 shares in the company, valued at $506,040. This represents a 20.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Lincoln National Trading Down 0.1%

Shares of LNC opened at $41.05 on Monday. Lincoln National Corporation has a twelve month low of $27.58 and a twelve month high of $43.66. The stock has a market cap of $7.80 billion, a PE ratio of 7.16, a P/E/G ratio of 0.50 and a beta of 1.49. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.67. The business’s 50-day moving average price is $40.41 and its 200-day moving average price is $37.42.

Lincoln National (NYSE:LNC) last issued its quarterly earnings data on Thursday, October 30th. The financial services provider reported $2.04 EPS for the quarter, beating the consensus estimate of $1.84 by $0.20. The company had revenue of $4.56 billion during the quarter, compared to analysts’ expectations of $4.80 billion. Lincoln National had a net margin of 6.34% and a return on equity of 19.14%. During the same quarter in the previous year, the company earned $2.06 earnings per share. On average, equities analysts forecast that Lincoln National Corporation will post 7.69 EPS for the current fiscal year.

Lincoln National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Monday, January 12th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, January 12th. This represents a $1.80 annualized dividend and a yield of 4.4%. Lincoln National’s dividend payout ratio (DPR) is currently 16.16%.

Analyst Upgrades and Downgrades

LNC has been the topic of several recent analyst reports. Morgan Stanley lowered their price target on Lincoln National from $58.00 to $53.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Wells Fargo & Company raised their target price on shares of Lincoln National from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 8th. Barclays boosted their price target on shares of Lincoln National from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 8th. Evercore ISI raised their price objective on shares of Lincoln National from $45.00 to $46.00 and gave the company an “in-line” rating in a research report on Thursday, October 9th. Finally, Cfra Research upgraded shares of Lincoln National to a “hold” rating in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $42.82.

Institutional Trading of Lincoln National

Several large investors have recently modified their holdings of LNC. Vanguard Group Inc. increased its holdings in Lincoln National by 6.3% during the 3rd quarter. Vanguard Group Inc. now owns 19,903,720 shares of the financial services provider’s stock valued at $802,717,000 after purchasing an additional 1,183,934 shares during the period. State Street Corp increased its stake in shares of Lincoln National by 0.7% during the second quarter. State Street Corp now owns 6,199,526 shares of the financial services provider’s stock valued at $214,504,000 after buying an additional 40,676 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Lincoln National by 21.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,952,166 shares of the financial services provider’s stock valued at $240,051,000 after acquiring an additional 1,035,505 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Lincoln National by 25.3% in the third quarter. Dimensional Fund Advisors LP now owns 5,730,727 shares of the financial services provider’s stock worth $231,121,000 after acquiring an additional 1,157,599 shares during the period. Finally, First Trust Advisors LP boosted its holdings in Lincoln National by 5.0% in the third quarter. First Trust Advisors LP now owns 4,879,862 shares of the financial services provider’s stock valued at $196,805,000 after acquiring an additional 234,415 shares in the last quarter. 72.81% of the stock is owned by institutional investors.

About Lincoln National

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.