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Lincoln National (NYSE:LNC) Insider Mark E. Konen unloaded 3,000 shares of Lincoln National stock on the open market in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $51.63, for a total transaction of $154,890.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available at this link.

Lincoln National (NYSE:LNC) opened at 51.43 on Monday. Lincoln National has a one year low of $40.84 and a one year high of $53.86. The stock has a 50-day moving average of $52.05 and a 200-day moving average of $50.22. The company has a market cap of $13.427 billion and a price-to-earnings ratio of 10.02.

Lincoln National (NYSE:LNC) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.47 earnings per share (EPS) for the quarter, beating the 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 last year, the company posted $1.27 earnings per share. Lincoln National’s revenue was up 7.8% compared to the same quarter last year. Analysts expect that Lincoln National will post $5.67 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Saturday, November 1st. Stockholders 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%. The ex-dividend date of this dividend is Wednesday, October 8th.

LNC has been the subject of a number of recent research reports. 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 equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $57.71.

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

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