Isaiah Tidwell Sells 3,317 Shares of Lincoln National Stock (LNC)
Lincoln National (NYSE:LNC) Director Isaiah Tidwell unloaded 3,317 shares of Lincoln National stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $52.81, for a total value of $175,170.77. Following the transaction, the director now directly owns 1,696 shares of the company’s stock, valued at approximately $89,566. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Lincoln National (NYSE:LNC) traded up 0.42% on Tuesday, hitting $52.84. The stock had a trading volume of 1,727,848 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 $52.10 and its 200-day moving average is $50.31. The company has a market cap of $13.795 billion and a price-to-earnings ratio of 10.11.
Lincoln National (NYSE:LNC) last released its 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 in the previous year, the company posted $1.27 earnings per share. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. Analysts expect that Lincoln National will post $5.67 EPS 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 paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.21%. The ex-dividend date 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 analysts have rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price 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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