Lincoln National Co. (NYSE:LNC) CFO Randal J. Freitag sold 31,657 shares of Lincoln National stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $84.32, for a total value of $2,669,318.24. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of Lincoln National Co. (LNC) opened at $78.57 on Wednesday. The company has a market capitalization of $17,190.00, a PE ratio of 8.50, a PEG ratio of 1.06 and a beta of 1.96. Lincoln National Co. has a twelve month low of $61.45 and a twelve month high of $86.68. The company has a quick ratio of 0.11, a current ratio of 0.10 and a debt-to-equity ratio of 0.28.
Lincoln National (NYSE:LNC) last issued its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.04. The company had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.65 billion. Lincoln National had a return on equity of 10.86% and a net margin of 14.48%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.77 earnings per share. sell-side analysts anticipate that Lincoln National Co. will post 8.55 EPS for the current year.
Institutional investors have recently modified their holdings of the company. First Merchants Corp bought a new stake in shares of Lincoln National in the third quarter valued at about $735,000. Csenge Advisory Group bought a new stake in Lincoln National during the third quarter worth about $272,000. Twin Capital Management Inc. raised its holdings in Lincoln National by 8.5% during the third quarter. Twin Capital Management Inc. now owns 201,505 shares of the financial services provider’s stock worth $14,806,000 after acquiring an additional 15,803 shares in the last quarter. Denali Advisors LLC raised its holdings in Lincoln National by 155.1% during the third quarter. Denali Advisors LLC now owns 172,700 shares of the financial services provider’s stock worth $12,690,000 after acquiring an additional 105,000 shares in the last quarter. Finally, State of Wisconsin Investment Board raised its holdings in Lincoln National by 7.3% during the third quarter. State of Wisconsin Investment Board now owns 299,244 shares of the financial services provider’s stock worth $21,988,000 after acquiring an additional 20,239 shares in the last quarter. Institutional investors own 80.58% of the company’s stock.
Several research firms have weighed in on LNC. Barclays reiterated a “buy” rating and set a $90.00 target price on shares of Lincoln National in a report on Tuesday, January 9th. Zacks Investment Research upgraded Lincoln National from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a report on Monday, January 8th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $89.00 target price on shares of Lincoln National in a report on Friday, December 22nd. Royal Bank of Canada reiterated a “buy” rating and set a $86.00 target price on shares of Lincoln National in a report on Friday, December 8th. Finally, Deutsche Bank began coverage on Lincoln National in a report on Tuesday, January 2nd. They set a “buy” rating and a $84.00 target price on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. Lincoln National currently has an average rating of “Buy” and a consensus price target of $83.27.
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Lincoln National Company Profile
Lincoln National Corporation is a holding company, which operates insurance and retirement businesses through subsidiary companies. The Company sells a range of wealth protection, accumulation and retirement income products and solutions, through its business segments. The Company operates through four segments: Annuities segment, which offers fixed (including indexed) and variable annuities; Retirement Plan Services segment, which provides employers with retirement plan products and services; Life Insurance segment, which focuses on the creation and protection of wealth through life insurance products, and Group Protection, which offers principally group non-medical insurance products.
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