Lincoln National Corp. (LNC) EVP Lisa Buckingham Sells 33,000 Shares
Lincoln National Corp. (NYSE:LNC) EVP Lisa Buckingham sold 33,000 shares of the stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $61.03, for a total transaction of $2,013,990.00. Following the transaction, the executive vice president now owns 56,405 shares in the company, valued at $3,442,397.15. The sale was disclosed in a filing with the SEC, which is available through this link.
Lisa Buckingham also recently made the following trade(s):
- On Wednesday, August 31st, Lisa Buckingham sold 12,881 shares of Lincoln National Corp. stock. The stock was sold at an average price of $48.26, for a total transaction of $621,637.06.
Lincoln National Corp. (NYSE:LNC) traded up 0.98% during trading on Thursday, hitting $62.08. 1,361,558 shares of the stock traded hands. Lincoln National Corp. has a 12 month low of $30.39 and a 12 month high of $62.86. The stock has a market cap of $14.19 billion, a P/E ratio of 11.73 and a beta of 1.99. The firm’s 50-day moving average is $50.81 and its 200-day moving average is $45.75.
Lincoln National Corp. (NYSE:LNC) last released its earnings results on Thursday, November 3rd. The company reported $1.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.28. Lincoln National Corp. had a net margin of 9.63% and a return on equity of 9.89%. The firm 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 firm earned $1.65 earnings per share. The business’s quarterly revenue was down 5.5% compared to the same quarter last year. On average, analysts forecast that Lincoln National Corp. will post $6.35 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 1st. Investors of record on Tuesday, January 10th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.89%. This is an increase from Lincoln National Corp.’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, January 6th. Lincoln National Corp.’s dividend payout ratio is 18.83%.
A number of research firms have recently weighed in on LNC. Zacks Investment Research cut shares of Lincoln National Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, October 4th. Credit Suisse Group AG began coverage on shares of Lincoln National Corp. in a report on Friday, October 7th. They issued a “neutral” rating and a $57.00 price target on the stock. FBR & Co cut shares of Lincoln National Corp. from an “outperform” rating to a “market perform” rating and set a $55.00 price target on the stock. in a report on Wednesday, November 9th. Finally, Wells Fargo & Co. began coverage on shares of Lincoln National Corp. in a report on Friday, September 23rd. They issued a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $50.92.
A number of institutional investors have recently made changes to their positions in LNC. Quadrant Capital Group LLC increased 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 worth $146,000 after buying an additional 26 shares during the period. High Point Bank & Trust Co. increased its position 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 during the period. Stratford Consulting LLC increased its position 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 during the period. Strid Group LLC increased its position 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 during the period. Finally, Azimuth Capital Management LLC increased its position 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 during the period. 78.31% of the stock is owned by hedge funds and other 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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