M Leanne Lachman Sells 8,832 Shares of Lincoln National Corp. (LNC) Stock
Lincoln National Corp. (NYSE:LNC) Director M Leanne Lachman sold 8,832 shares of Lincoln National Corp. stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $61.53, for a total value of $543,432.96. Following the completion of the transaction, the director now owns 2,960 shares in the company, valued at approximately $182,128.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
M Leanne Lachman also recently made the following trade(s):
- On Friday, November 11th, M Leanne Lachman sold 15,842 shares of Lincoln National Corp. stock. The shares were sold at an average price of $59.11, for a total value of $936,420.62.
Lincoln National Corp. (NYSE:LNC) opened at 62.62 on Friday. Lincoln National Corp. has a 12-month low of $30.39 and a 12-month high of $62.86. The stock’s 50 day moving average price is $51.26 and its 200 day moving average price is $45.87. The company has a market capitalization of $14.31 billion, a price-to-earnings ratio of 11.83 and a beta of 1.99.
Lincoln National Corp. (NYSE:LNC) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $1.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.28. The firm earned $3.53 billion during the quarter, compared to analysts’ expectations of $3.43 billion. Lincoln National Corp. had a net margin of 9.63% and a return on equity of 9.89%. Lincoln National Corp.’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.65 earnings per share. On average, equities research analysts anticipate that Lincoln National Corp. will post $6.35 earnings per share for the current fiscal year.
The firm also recently disclosed 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. The ex-dividend date is Friday, January 6th. This is a boost from Lincoln National Corp.’s previous quarterly dividend of $0.25. This represents a $1.16 dividend on an annualized basis and a yield of 1.85%. Lincoln National Corp.’s dividend payout ratio is currently 18.83%.
Large investors have recently modified their holdings of the company. AGF Investments Inc. boosted its stake in shares of Lincoln National Corp. by 19.6% in the second quarter. AGF Investments Inc. now owns 573,701 shares of the company’s stock worth $22,238,000 after buying an additional 94,025 shares in the last quarter. Affinity Investment Advisors LLC boosted its stake in Lincoln National Corp. by 21.1% in the second quarter. Affinity Investment Advisors LLC now owns 501,869 shares of the company’s stock worth $19,457,000 after buying an additional 87,274 shares during the period. Exxonmobil Investment Management Inc. TX boosted its stake in Lincoln National Corp. by 5.5% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 61,867 shares of the company’s stock worth $2,399,000 after buying an additional 3,200 shares during the period. Sanders Capital LLC boosted its stake in Lincoln National Corp. by 0.6% in the second quarter. Sanders Capital LLC now owns 1,012,778 shares of the company’s stock worth $39,265,000 after buying an additional 5,932 shares during the period. Finally, Royal Bank of Canada boosted its stake in Lincoln National Corp. by 18.7% in the first quarter. Royal Bank of Canada now owns 974,322 shares of the company’s stock worth $38,194,000 after buying an additional 153,317 shares during the period. Hedge funds and other institutional investors own 78.31% of the company’s stock.
A number of research analysts have commented on the company. Zacks Investment Research cut Lincoln National Corp. from a “buy” rating to a “hold” rating in a research note on Thursday. FBR & Co cut Lincoln National Corp. from an “outperform” rating to a “market perform” rating and set a $55.00 price objective on the stock. in a research note on Wednesday, November 9th. Credit Suisse Group AG assumed coverage on Lincoln National Corp. in a research note on Friday, October 7th. They set a “neutral” rating and a $57.00 price objective on the stock. Finally, Wells Fargo & Co. assumed coverage on Lincoln National Corp. in a research note on Friday, September 23rd. They set a “market perform” rating on the stock. Ten analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $50.92.
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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