Lincoln National (NYSE:LNC) EVP Sells $498,080.00 in Stock

Lincoln National Corporation (NYSE:LNC) EVP Sean Woodroffe sold 11,000 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $45.28, for a total value of $498,080.00. Following the sale, the executive vice president owned 119,947 shares in the company, valued at approximately $5,431,200.16. The trade was a 8.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Lincoln National Stock Performance

Shares of LNC opened at $41.95 on Friday. Lincoln National Corporation has a 52-week low of $32.18 and a 52-week high of $47.67. The stock’s 50-day simple moving average is $41.04 and its 200 day simple moving average is $37.83. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.27 and a current ratio of 0.27. The stock has a market capitalization of $8.03 billion, a price-to-earnings ratio of 3.64, a price-to-earnings-growth ratio of 1.56 and a beta of 1.15.

Lincoln National (NYSE:LNC) last posted its earnings results on Thursday, July 30th. The financial services provider reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.28. Lincoln National had a return on equity of 17.35% and a net margin of 12.21%.The business had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.89 billion. During the same quarter in the previous year, the firm earned $2.36 EPS. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. Research analysts forecast that Lincoln National Corporation will post 7.85 EPS for the current fiscal year.

Lincoln National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Monday, October 12th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Friday, October 9th. Lincoln National’s dividend payout ratio is 15.60%.

Analysts Set New Price Targets

A number of research analysts have recently commented on LNC shares. Mizuho boosted their price target on shares of Lincoln National from $51.00 to $53.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. JPMorgan Chase & Co. lifted their price objective on Lincoln National from $40.00 to $42.00 and gave the company an “underweight” rating in a research note on Tuesday, July 21st. Keefe, Bruyette & Woods boosted their target price on Lincoln National from $46.00 to $51.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. UBS Group upped their target price on Lincoln National from $39.00 to $44.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $47.00 price target on shares of Lincoln National in a report on Thursday, July 30th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Lincoln National presently has a consensus rating of “Hold” and an average target price of $46.43.

Institutional Trading of Lincoln National

A number of hedge funds have recently made changes to their positions in the stock. Transamerica Financial Advisors LLC bought a new position in Lincoln National in the fourth quarter valued at $32,000. JPL Wealth Management LLC bought a new stake in Lincoln National during the third quarter worth about $29,000. Trust Co. of Vermont purchased a new position in shares of Lincoln National in the 2nd quarter worth about $28,000. Los Angeles Capital Management LLC bought a new position in shares of Lincoln National during the 4th quarter valued at about $34,000. Finally, Laurel Wealth Advisors LLC bought a new position in shares of Lincoln National during the 4th quarter valued at about $38,000. 72.81% of the stock is 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.