Share on StockTwits

Lincoln National (NYSE:LNC) Insider Mark E. Konen sold 3,000 shares of Lincoln National stock on the open market in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $51.63, for a total transaction of $154,890.00. Following the sale, the insider now directly owns 77,961 shares of the company’s stock, valued at approximately $4,025,126. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Lincoln National (NYSE:LNC) traded up 0.54% during mid-day trading on Thursday, hitting $52.00. The stock had a trading volume of 676,814 shares. Lincoln National has a 1-year low of $40.84 and a 1-year high of $53.86. The stock’s 50-day moving average is $52.03 and its 200-day moving average is $50.17. The company has a market cap of $13.576 billion and a P/E ratio of 9.94.

Lincoln National (NYSE:LNC) last announced its earnings results on Wednesday, July 30th. The company reported $1.47 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.37 by $0.10. The company had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter in the prior year, the company posted $1.27 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. On average, analysts predict that Lincoln National will post $5.67 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Saturday, November 1st. Shareholders of record on Friday, October 10th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.24%.

A number of analysts have recently weighed in on LNC shares. Analysts at Raymond James reiterated a “strong-buy” rating on shares of Lincoln National in a research note on Monday, August 4th. They now have a $61.50 price target on the stock, down previously from $63.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Lincoln National in a research note on Thursday, July 31st. They now have a $56.00 price target on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Lincoln National from $49.00 to $52.00 in a research note on Thursday, July 31st. They now have an “underperform” rating on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Lincoln National presently has an average rating of “Hold” and a consensus price target of $57.71.

Lincoln National Corporation (NYSE:LNC) is a holding company, which operates multiple insurance and retirement businesses through subsidiary companies.

Receive News & Ratings for Lincoln National Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lincoln National Co and related companies with Analyst Ratings Network's FREE daily email newsletter.