Christine A. Janofsky Sells 1,025 Shares of Lincoln National Corp. (LNC) Stock
Lincoln National Corp. (NYSE:LNC) CAO Christine A. Janofsky sold 1,025 shares of the firm’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $60.11, for a total value of $61,612.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Lincoln National Corp. (NYSE:LNC) opened at 61.48 on Thursday. The stock has a 50 day moving average of $50.81 and a 200 day moving average of $45.75. Lincoln National Corp. has a 52-week low of $30.39 and a 52-week high of $62.86. The stock has a market capitalization of $14.05 billion, a P/E ratio of 11.62 and a beta of 1.99.
Lincoln National Corp. (NYSE:LNC) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $1.89 earnings per share (EPS) for the quarter, topping 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 business earned $3.53 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter in the prior year, the company posted $1.65 earnings per share. Lincoln National Corp.’s revenue was down 5.5% compared to the same quarter last year. On average, equities research analysts forecast that Lincoln National Corp. will post $6.35 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 1st. Stockholders of record on Tuesday, January 10th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, January 6th. 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 dividend yield of 1.89%. Lincoln National Corp.’s dividend payout ratio is 18.83%.
Several equities analysts have recently commented on the company. Wells Fargo & Co. assumed coverage on Lincoln National Corp. in a research report on Friday, September 23rd. They set a “market perform” rating on the stock. FBR & Co increased their price objective on Lincoln National Corp. from $52.00 to $55.00 and gave the company an “outperform” rating in a research report on Tuesday, October 18th. Credit Suisse Group AG assumed coverage on Lincoln National Corp. in a research report on Friday, October 7th. They set a “neutral” rating and a $57.00 price objective on the stock. Finally, Zacks Investment Research lowered Lincoln National Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, October 4th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $50.92.
Institutional investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC raised its position in shares of Lincoln National Corp. by 0.7% in the second quarter. Quadrant Capital Group LLC now owns 3,896 shares of the company’s stock valued at $146,000 after buying an additional 26 shares during the period. High Point Bank & Trust Co. raised its stake in shares of Lincoln National Corp. by 0.3% in the third quarter. High Point Bank & Trust Co. now owns 10,232 shares of the company’s stock worth $480,000 after buying an additional 32 shares in the last quarter. Stratford Consulting LLC raised its stake in shares of Lincoln National Corp. by 0.6% in the second quarter. Stratford Consulting LLC now owns 6,439 shares of the company’s stock worth $250,000 after buying an additional 36 shares in the last quarter. Strid Group LLC raised its stake in shares of Lincoln National Corp. by 0.6% in the third quarter. Strid Group LLC now owns 8,130 shares of the company’s stock worth $382,000 after buying an additional 50 shares in the last quarter. Finally, Azimuth Capital Management LLC raised its stake in shares of Lincoln National Corp. by 1.0% in the second quarter. Azimuth Capital Management LLC now owns 7,235 shares of the company’s stock worth $281,000 after buying an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 78.31% of the company’s stock.
About Lincoln National Corp.
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.
Receive News & Stock Ratings for Lincoln National Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lincoln National Corp. and related stocks with our FREE daily email newsletter.