Insider Selling: Lincoln National Co. (LNC) CFO Sells 31,657 Shares of Stock

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.

Lincoln National announced that its Board of Directors has approved a share repurchase plan on Friday, January 19th that permits the company to repurchase outstanding shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

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.

Insider Buying and Selling by Quarter for Lincoln National (NYSE:LNC)

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