Lincoln National Corp. (NYSE:LNC) Director M Leanne Lachman sold 5,499 shares of Lincoln National Corp. stock in a transaction on Monday, November 21st. The shares were sold at an average price of $63.21, for a total value of $347,591.79. Following the transaction, the director now directly owns 5,499 shares of the company’s stock, valued at $347,591.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

M Leanne Lachman also recently made the following trade(s):

  • On Tuesday, November 15th, M Leanne Lachman sold 8,832 shares of Lincoln National Corp. stock. The shares were sold at an average price of $61.53, for a total value of $543,432.96.
  • 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.

Shares of Lincoln National Corp. (NYSE:LNC) traded up 0.73% during trading on Tuesday, hitting $63.65. The company had a trading volume of 1,505,692 shares. The stock has a 50-day moving average of $52.17 and a 200 day moving average of $46.20. Lincoln National Corp. has a 12-month low of $30.39 and a 12-month high of $63.95. The stock has a market capitalization of $14.55 billion, a price-to-earnings ratio of 12.03 and a beta of 1.99.

Lincoln National Corp. (NYSE:LNC) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $1.89 earnings per share for the quarter, topping the 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 period in the prior year, the company earned $1.65 EPS. Lincoln National Corp.’s revenue for the quarter was down 5.5% on a year-over-year basis. On average, analysts predict that Lincoln National Corp. will post $6.35 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Lincoln National Corp. (NYSE:LNC)

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 given a dividend of $0.29 per share. This is an increase from Lincoln National Corp.’s previous quarterly dividend of $0.25. This represents a $1.16 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Friday, January 6th. Lincoln National Corp.’s dividend payout ratio is currently 18.83%.

Several hedge funds have recently made changes to their positions in the company. Barnett & Company Inc. acquired a new stake in shares of Lincoln National Corp. during the first quarter valued at $104,000. Capital Analysts LLC increased its stake 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 valued at $106,000 after buying an additional 594 shares in the last quarter. Global X Management Co. LLC increased its stake 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 valued at $109,000 after buying an additional 1,154 shares in the last quarter. North Star Investment Management Corp. acquired a new stake in shares of Lincoln National Corp. during the second quarter valued at $127,000. Finally, Societe Generale acquired a new stake in shares of Lincoln National Corp. during the second quarter valued at $132,000. Institutional investors and hedge funds own 77.66% of the company’s stock.

A number of research analysts recently issued reports on LNC shares. Zacks Investment Research cut Lincoln National Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, October 4th. FBR & Co cut Lincoln National Corp. from an “outperform” rating to a “market perform” rating and set a $55.00 price target for the company. in a report on Wednesday, November 9th. Credit Suisse Group AG started coverage on Lincoln National Corp. in a report on Friday, October 7th. They issued a “neutral” rating and a $57.00 price target for the company. Finally, Wells Fargo & Co. started coverage on Lincoln National Corp. in a report on Friday, September 23rd. They issued a “market perform” rating for the company. Nine equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $52.83.

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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.

5 Day Chart for NYSE:LNC

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