Lincoln National Corp. (LNC) Director M Leanne Lachman Sells 15,842 Shares
Lincoln National Corp. (NYSE:LNC) Director M Leanne Lachman sold 15,842 shares of the firm’s stock in a transaction on Friday, November 11th. The shares were sold at an average price of $59.11, for a total value of $936,420.62. Following the transaction, the director now owns 4,151 shares of the company’s stock, valued at $245,365.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Lincoln National Corp. (NYSE:LNC) opened at 61.40 on Tuesday. Lincoln National Corp. has a 12-month low of $30.39 and a 12-month high of $62.86. The company has a 50-day moving average price of $49.50 and a 200-day moving average price of $45.36. The stock has a market capitalization of $14.03 billion, a PE ratio of 11.60 and a beta of 1.99.
Lincoln National Corp. (NYSE:LNC) last announced its earnings results on Thursday, November 3rd. The company reported $1.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.28. Lincoln National Corp. had a return on equity of 9.89% and a net margin of 9.63%. The company had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same period in the prior year, the company posted $1.65 EPS. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. Analysts expect that Lincoln National Corp. will post $6.35 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 1st. Investors of record on Tuesday, January 10th will be given a dividend of $0.29 per share. This is a positive change from Lincoln National Corp.’s previous quarterly dividend of $0.25. This represents a $1.16 annualized dividend and a yield of 1.89%. The ex-dividend date is Friday, January 6th. Lincoln National Corp.’s dividend payout ratio is currently 18.83%.
Several equities research analysts recently commented on the company. FBR & Co downgraded Lincoln National Corp. from an “outperform” rating to a “market perform” rating and set a $55.00 price objective for the company. in a report on Wednesday, November 9th. Credit Suisse Group AG assumed coverage on Lincoln National Corp. in a report on Friday, October 7th. They issued a “neutral” rating and a $57.00 price objective for the company. Zacks Investment Research downgraded Lincoln National Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, October 4th. Finally, Wells Fargo & Co. assumed coverage on Lincoln National Corp. in a report on Friday, September 23rd. They issued a “market perform” rating for the company. One research analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Lincoln National Corp. has an average rating of “Hold” and an average price target of $51.92.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Barnett & Company Inc. purchased a new position in shares of Lincoln National Corp. during the first quarter worth $104,000. Capital Analysts LLC raised its position in shares of Lincoln National Corp. by 54.4% in the second quarter. Capital Analysts LLC now owns 1,685 shares of the company’s stock worth $106,000 after buying an additional 594 shares in the last quarter. Global X Management Co. LLC raised its position in shares of Lincoln National Corp. by 98.6% in the third quarter. Global X Management Co. LLC now owns 2,324 shares of the company’s stock worth $109,000 after buying an additional 1,154 shares in the last quarter. North Star Investment Management Corp. purchased a new position in shares of Lincoln National Corp. during the second quarter worth $127,000. Finally, Societe Generale purchased a new position in shares of Lincoln National Corp. during the second quarter worth $132,000. 78.31% of the stock is currently owned by institutional investors.
Lincoln National Corp. Company Profile
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. It 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 in 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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