Lincoln National Co. (NYSE:LNC) CFO Randal J. Freitag sold 31,657 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $84.32, for a total value of $2,669,318.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of Lincoln National Co. (NYSE:LNC) traded up $0.48 during midday trading on Tuesday, reaching $78.57. 2,344,057 shares of the company’s stock traded hands, compared to its average volume of 1,520,082. The company has a current ratio of 0.10, a quick ratio of 0.11 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $16,920.00, a P/E ratio of 8.50, a P/E/G ratio of 1.12 and a beta of 1.96. Lincoln National Co. has a twelve month low of $61.45 and a twelve month high of $86.68.
Lincoln National (NYSE:LNC) last announced its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.94 by $0.04. The business had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.65 billion. Lincoln National had a net margin of 14.48% and a return on equity of 10.86%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.77 earnings per share. research analysts predict that Lincoln National Co. will post 8.57 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Thrivent Financial For Lutherans raised its stake in shares of Lincoln National by 2.8% during the second quarter. Thrivent Financial For Lutherans now owns 8,514 shares of the financial services provider’s stock valued at $575,000 after acquiring an additional 230 shares in the last quarter. D.A. Davidson & CO. raised its stake in shares of Lincoln National by 8.6% during the second quarter. D.A. Davidson & CO. now owns 1,726 shares of the financial services provider’s stock valued at $116,000 after acquiring an additional 136 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of Lincoln National by 11.8% during the second quarter. HighTower Advisors LLC now owns 12,064 shares of the financial services provider’s stock valued at $814,000 after acquiring an additional 1,270 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Lincoln National by 3,936.0% during the second quarter. Janus Henderson Group PLC now owns 1,196,540 shares of the financial services provider’s stock valued at $80,862,000 after acquiring an additional 1,166,893 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its stake in shares of Lincoln National by 258.8% during the second quarter. Cubist Systematic Strategies LLC now owns 33,723 shares of the financial services provider’s stock valued at $2,279,000 after acquiring an additional 24,323 shares in the last quarter. 80.58% of the stock is owned by institutional investors and hedge funds.
Several research firms recently commented on LNC. ValuEngine lowered Lincoln National from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 9th. Royal Bank of Canada reiterated a “buy” rating and issued a $83.00 price target on shares of Lincoln National in a research report on Tuesday, October 10th. Goldman Sachs Group began coverage on Lincoln National in a research report on Wednesday, October 18th. They issued a “sell” rating and a $71.00 price target for the company. B. Riley reiterated a “neutral” rating on shares of Lincoln National in a research report on Monday, November 6th. Finally, Zacks Investment Research lowered Lincoln National from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $83.27.
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About Lincoln National
Lincoln National Corporation is a holding company, which operates insurance and retirement businesses through subsidiary companies. The Company sells a range of wealth protection, accumulation and retirement income products and solutions, through its business segments. The Company operates through four segments: Annuities segment, which offers fixed (including indexed) and variable annuities; Retirement Plan Services segment, which provides employers with retirement plan products and services; Life Insurance segment, which focuses on the creation and protection of wealth through life insurance products, and Group Protection, which offers principally group non-medical insurance products.
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