Sean Woodroffe Sells 10,000 Shares of Lincoln National (NYSE:LNC) Stock

Lincoln National Corporation (NYSE:LNC) EVP Sean Woodroffe sold 10,000 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $34.46, for a total value of $344,600.00. Following the sale, the executive vice president owned 206,159 shares of the company’s stock, valued at approximately $7,104,239.14. The trade was a 4.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Lincoln National Price Performance

Lincoln National stock opened at $34.02 on Wednesday. The business’s 50-day simple moving average is $41.16 and its 200 day simple moving average is $41.30. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.59. The stock has a market cap of $6.47 billion, a price-to-earnings ratio of 6.41, a P/E/G ratio of 1.54 and a beta of 1.30. Lincoln National Corporation has a 12-month low of $27.58 and a 12-month high of $46.82.

Lincoln National (NYSE:LNC) last announced its quarterly earnings data on Thursday, February 12th. The financial services provider reported $2.21 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.35. The firm had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.85 billion. Lincoln National had a return on equity of 18.52% and a net margin of 6.46%.The company’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.91 EPS. As a group, research analysts anticipate that Lincoln National Corporation will post 7.69 earnings per share for the current year.

Lincoln National Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 5.3%. The ex-dividend date is Friday, April 10th. Lincoln National’s dividend payout ratio is currently 33.90%.

Wall Street Analyst Weigh In

LNC has been the topic of a number of analyst reports. Piper Sandler increased their price target on Lincoln National from $42.00 to $48.00 and gave the company a “neutral” rating in a research note on Tuesday, December 23rd. Wells Fargo & Company upgraded Lincoln National from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $41.00 to $48.00 in a report on Wednesday, February 25th. Zacks Research cut Lincoln National from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 4th. TD Cowen restated a “hold” rating on shares of Lincoln National in a research report on Wednesday, January 28th. Finally, National Bank Financial set a $45.00 price target on Lincoln National in a research note on Thursday, January 8th. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $46.25.

Institutional Investors Weigh In On Lincoln National

Several large investors have recently modified their holdings of the business. V Square Quantitative Management LLC bought a new position in shares of Lincoln National during the 4th quarter valued at about $31,000. Transamerica Financial Advisors LLC bought a new stake in Lincoln National during the 4th quarter worth approximately $32,000. JPL Wealth Management LLC acquired a new stake in Lincoln National during the 3rd quarter worth approximately $29,000. Salomon & Ludwin LLC bought a new position in Lincoln National in the third quarter valued at approximately $32,000. Finally, Advisors Asset Management Inc. bought a new position in Lincoln National in the second quarter valued at approximately $28,000. 72.81% of the stock is currently owned by institutional investors.

About Lincoln National

Lincoln National Corporation, doing business as Lincoln Financial Group, is a diversified financial services holding company focused on providing retirement, insurance, and wealth management solutions in the United States and select international markets. Headquartered in Radnor, Pennsylvania, the company operates through several business segments, including Retirement Plan Services, Life Insurance, and Group Protection. Its offerings are designed to help individuals, families, and institutions plan and prepare for their financial futures.

The Retirement Plan Services segment delivers recordkeeping, administrative services, and investment management for defined contribution and defined benefit plans.