Lincoln National Director Unloads $175,171 in Stock (LNC)
Lincoln National (NYSE:LNC) Director Isaiah Tidwell sold 3,317 shares of the stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $52.81, for a total transaction of $175,170.77. Following the sale, the director now directly owns 1,696 shares in the company, valued at approximately $89,566. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
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 assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Lincoln National has a consensus rating of “Hold” and a consensus target price of $57.71.
Lincoln National (NYSE:LNC) traded up 0.09% on Thursday, hitting $53.38. 463,157 shares of the company’s stock traded hands. 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 $52.16 and a 200-day moving average of $50.35. The company has a market cap of $13.936 billion and a price-to-earnings ratio of 10.25.
Lincoln National (NYSE:LNC) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.47 earnings per share for the quarter, beating the analysts’ 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 announced a quarterly dividend, which is scheduled for Saturday, November 1st. Investors 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 1.20%. The ex-dividend date is Wednesday, October 8th.
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.