Lincoln National Co. (NYSE:LNC) EVP John Christopher Kennedy Sells 2,863 Shares

Lincoln National Co. (NYSE:LNC) EVP John Christopher Kennedy sold 2,863 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $36.00, for a total transaction of $103,068.00. Following the completion of the sale, the executive vice president now owns 99,644 shares of the company’s stock, valued at approximately $3,587,184. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Lincoln National Stock Performance

Shares of LNC traded down $0.40 during mid-day trading on Friday, hitting $34.86. The stock had a trading volume of 1,494,814 shares, compared to its average volume of 1,660,280. The company’s fifty day simple moving average is $31.87 and its two-hundred day simple moving average is $31.29. Lincoln National Co. has a fifty-two week low of $21.59 and a fifty-two week high of $36.98. The company has a market cap of $5.94 billion, a PE ratio of 25.19, a PEG ratio of 0.33 and a beta of 1.79. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.73.

Lincoln National (NYSE:LNC) last issued its quarterly earnings results on Thursday, October 31st. The financial services provider reported $2.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.42. Lincoln National had a return on equity of 18.15% and a net margin of 2.51%. The business had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.61 billion. During the same quarter in the previous year, the company posted $0.23 earnings per share. Lincoln National’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, equities analysts expect that Lincoln National Co. will post 5.88 earnings per share for the current year.

Lincoln National Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.80 annualized dividend and a dividend yield of 5.16%. Lincoln National’s dividend payout ratio (DPR) is presently 128.57%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in LNC. Allspring Global Investments Holdings LLC lifted its position in Lincoln National by 249.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,223 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 873 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Lincoln National during the 1st quarter worth about $207,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Lincoln National during the 1st quarter valued at approximately $505,000. Central Pacific Bank Trust Division acquired a new stake in Lincoln National in the 1st quarter valued at approximately $25,000. Finally, Texas Permanent School Fund Corp increased its position in Lincoln National by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 148,486 shares of the financial services provider’s stock worth $4,741,000 after buying an additional 2,102 shares during the period. Institutional investors and hedge funds own 72.81% of the company’s stock.

Analysts Set New Price Targets

LNC has been the topic of several recent analyst reports. TD Cowen started coverage on shares of Lincoln National in a research note on Wednesday, October 9th. They set a “hold” rating and a $34.00 price objective on the stock. Barclays lifted their price target on shares of Lincoln National from $35.00 to $36.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Wells Fargo & Company lifted their target price on shares of Lincoln National from $28.00 to $29.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. StockNews.com raised Lincoln National from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Morgan Stanley lowered their target price on Lincoln National from $30.00 to $29.00 and set an “equal weight” rating for the company in a research note on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $33.00.

Lincoln National Company Profile

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.