Lincoln National (NYSE:LNC) EVP Sells $764,150.00 in Stock

Lincoln National Corporation (NYSE:LNC) EVP Craigt Beazer sold 17,980 shares of Lincoln National stock in a transaction on Monday, November 9th. The shares were sold at an average price of $42.50, for a total value of $764,150.00. Following the transaction, the executive vice president owned 87,702 shares of the company’s stock, valued at $3,727,335. The trade was a 17.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Lincoln National Trading Down 1.8%

Shares of NYSE LNC opened at $41.79 on Friday. The firm’s 50 day moving average price is $41.47 and its 200-day moving average price is $39.06. The company has a market cap of $7.96 billion, a PE ratio of 2.58, a P/E/G ratio of 1.20 and a beta of 1.16. 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 0.73, a quick ratio of 0.25 and a current ratio of 0.25.

Lincoln National (NYSE:LNC) last announced its quarterly earnings results on Thursday, November 5th. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.24). Lincoln National had a net margin of 16.36% and a return on equity of 17.02%. The business had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $4.97 billion. During the same period in the previous year, the company earned $2.04 earnings per share. On average, equities research analysts expect that Lincoln National Corporation will post 7.89 EPS for the current fiscal year.

Lincoln National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 1st. Shareholders of record on Monday, January 11th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Monday, January 11th. Lincoln National’s payout ratio is 11.12%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on LNC shares. TD Cowen increased their price target on Lincoln National from $37.00 to $42.00 and gave the company a “hold” rating in a report on Wednesday, July 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Lincoln National in a research note on Friday, October 30th. Morgan Stanley cut their price objective on Lincoln National from $50.00 to $47.00 and set an “overweight” rating for the company in a report on Monday, October 5th. UBS Group lifted their price objective on Lincoln National from $44.00 to $46.00 and gave the stock a “neutral” rating in a report on Tuesday, October 6th. Finally, Bank of America reiterated a “neutral” rating and set a $47.00 price objective on shares of Lincoln National in a research report on Thursday, July 30th. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Lincoln National has an average rating of “Hold” and a consensus target price of $48.58.

Institutional Trading of Lincoln National

Several institutional investors and hedge funds have recently modified their holdings of LNC. Arizona State Retirement System boosted its stake in Lincoln National by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 47,206 shares of the financial services provider’s stock worth $1,669,000 after purchasing an additional 252 shares during the period. Apollon Wealth Management LLC boosted its position in shares of Lincoln National by 4.5% during the third quarter. Apollon Wealth Management LLC now owns 6,326 shares of the financial services provider’s stock worth $255,000 after acquiring an additional 270 shares during the last quarter. Sage Rhino Capital LLC boosted its position in shares of Lincoln National by 3.9% during the third quarter. Sage Rhino Capital LLC now owns 8,510 shares of the financial services provider’s stock worth $343,000 after acquiring an additional 316 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Lincoln National by 7.0% during the third quarter. IFP Advisors Inc now owns 5,362 shares of the financial services provider’s stock worth $216,000 after acquiring an additional 349 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC grew its stake in Lincoln National by 1.5% during the second quarter. Wealthcare Advisory Partners LLC now owns 30,999 shares of the financial services provider’s stock valued at $1,096,000 after acquiring an additional 454 shares in the last quarter. 72.81% of the stock is currently owned by institutional investors.

About Lincoln National

Lincoln National Corporation, operating as Lincoln Financial Group, is a financial services and insurance company whose businesses focus on protecting income and helping individuals and employers plan for financial needs. Its offerings include life insurance, annuities, workplace benefits and retirement plan services. The company serves individuals, employers and retirement plan participants primarily in the United States. Its workplace protection products include benefits such as disability and life insurance, while its retirement services support employers and employees with workplace savings plans.