Lincoln National Sees Unusually Large Options Volume (NYSE:LNC)

Lincoln National Co. (NYSE:LNC) was the recipient of unusually large options trading activity on Monday. Traders bought 4,367 put options on the stock. This represents an increase of approximately 1,422% compared to the average daily volume of 287 put options.

A number of equities research analysts have recently weighed in on the company. Citigroup cut their price target on Lincoln National from $75.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, September 13th. Zacks Investment Research lowered Lincoln National from a “hold” rating to a “sell” rating and set a $61.00 price objective for the company. in a report on Monday, November 25th. Morgan Stanley decreased their price objective on Lincoln National from $76.00 to $75.00 and set an “equal weight” rating for the company in a report on Tuesday, August 20th. TheStreet cut Lincoln National from a “b-” rating to a “c” rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Co cut their target price on Lincoln National from $69.00 to $65.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $70.63.

Lincoln National stock opened at $58.58 on Tuesday. Lincoln National has a 52 week low of $48.07 and a 52 week high of $67.52. The stock has a market cap of $11.71 billion, a price-to-earnings ratio of 6.91, a PEG ratio of 0.99 and a beta of 1.97. The company’s 50-day moving average price is $59.48 and its two-hundred day moving average price is $60.30. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.30.

Lincoln National (NYSE:LNC) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of $2.41 by ($2.66). Lincoln National had a return on equity of 10.64% and a net margin of 4.82%. The company had revenue of $4.70 billion during the quarter, compared to analyst estimates of $4.47 billion. During the same period in the prior year, the company posted $2.34 earnings per share. The company’s revenue was up 7.7% on a year-over-year basis. Research analysts expect that Lincoln National will post 6.63 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Friday, January 10th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.73%. This is an increase from Lincoln National’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Thursday, January 9th. Lincoln National’s dividend payout ratio is 17.45%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Nuveen Asset Management LLC raised its stake in shares of Lincoln National by 653.8% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,770,198 shares of the financial services provider’s stock worth $178,540,000 after buying an additional 2,402,681 shares in the last quarter. AQR Capital Management LLC grew its holdings in Lincoln National by 97.1% during the second quarter. AQR Capital Management LLC now owns 1,733,045 shares of the financial services provider’s stock worth $110,638,000 after acquiring an additional 853,975 shares during the period. Invesco Ltd. grew its holdings in Lincoln National by 59.2% during the second quarter. Invesco Ltd. now owns 2,153,778 shares of the financial services provider’s stock worth $138,812,000 after acquiring an additional 800,628 shares during the period. Man Group plc raised its position in Lincoln National by 44.0% in the second quarter. Man Group plc now owns 2,137,521 shares of the financial services provider’s stock worth $137,764,000 after acquiring an additional 652,977 shares in the last quarter. Finally, Scout Investments Inc. lifted its holdings in Lincoln National by 135.6% in the 3rd quarter. Scout Investments Inc. now owns 709,640 shares of the financial services provider’s stock valued at $42,805,000 after acquiring an additional 408,431 shares during the last quarter. 80.36% of the stock is owned by hedge funds and other institutional investors.

Lincoln National Company Profile

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The Annuities segment offers variable, fixed, and indexed variable annuities.

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