Lincoln National Co. (NYSE:LNC) EVP Jamie Ohl sold 7,263 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $61.70, for a total transaction of $448,127.10. Following the transaction, the executive vice president now owns 23,159 shares of the company’s stock, valued at $1,428,910.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
NYSE:LNC traded up $0.98 during midday trading on Friday, hitting $62.72. The company had a trading volume of 2,930,450 shares, compared to its average volume of 1,888,291. Lincoln National Co. has a 52-week low of $48.07 and a 52-week high of $78.35. The firm has a market capitalization of $12.66 billion, a PE ratio of 7.40, a price-to-earnings-growth ratio of 0.74 and a beta of 1.93. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.19 and a current ratio of 0.19.
Lincoln National (NYSE:LNC) last announced its earnings results on Wednesday, February 6th. The financial services provider reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.02. Lincoln National had a net margin of 9.92% and a return on equity of 12.41%. The company had revenue of $4.39 billion during the quarter, compared to analyst estimates of $4.22 billion. During the same period in the previous year, the business earned $1.98 earnings per share. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. On average, sell-side analysts forecast that Lincoln National Co. will post 9.16 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be given a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.48 annualized dividend and a yield of 2.36%. Lincoln National’s dividend payout ratio (DPR) is presently 17.45%.
A number of hedge funds and other institutional investors have recently bought and sold shares of LNC. Victory Capital Management Inc. boosted its position in Lincoln National by 13.3% during the third quarter. Victory Capital Management Inc. now owns 109,103 shares of the financial services provider’s stock valued at $7,382,000 after buying an additional 12,765 shares during the period. Stratos Wealth Partners LTD. purchased a new stake in Lincoln National during the third quarter valued at about $167,000. Los Angeles Capital Management & Equity Research Inc. boosted its position in Lincoln National by 24.0% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 93,320 shares of the financial services provider’s stock valued at $6,314,000 after buying an additional 18,060 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its position in Lincoln National by 6.6% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 33,768 shares of the financial services provider’s stock valued at $2,285,000 after buying an additional 2,100 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in Lincoln National by 10.9% during the third quarter. Commonwealth Equity Services LLC now owns 72,376 shares of the financial services provider’s stock valued at $4,897,000 after buying an additional 7,108 shares during the period. Institutional investors and hedge funds own 78.96% of the company’s stock.
Several research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Lincoln National from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a research report on Monday, December 10th. ValuEngine upgraded shares of Lincoln National from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 27th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $74.69.
Lincoln National Company Profile
Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The company sells a range of wealth protection, accumulation, and retirement income products and solutions.
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