Lincoln National (NYSE:LNC) EVP Sean Woodroffe Sells 11,000 Shares of Stock

Lincoln National Corporation (NYSE:LNC) EVP Sean Woodroffe sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $45.28, for a total value of $498,080.00. Following the completion of the sale, the executive vice president directly owned 119,947 shares in the company, valued at $5,431,200.16. This trade represents a 8.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Lincoln National Stock Performance

LNC traded up $0.48 on Tuesday, hitting $45.16. 1,616,614 shares of the stock traded hands, compared to its average volume of 2,050,479. The business has a fifty day moving average price of $40.59 and a two-hundred day moving average price of $37.78. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $8.64 billion, a PE ratio of 3.91, a P/E/G ratio of 1.63 and a beta of 1.15. Lincoln National Corporation has a 52 week low of $32.18 and a 52 week high of $47.67.

Lincoln National (NYSE:LNC) last released its quarterly earnings data on Thursday, July 30th. The financial services provider reported $2.24 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.28. The company had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.89 billion. Lincoln National had a return on equity of 17.35% and a net margin of 12.21%.The company’s revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.36 EPS. On average, research analysts predict that Lincoln National Corporation will post 7.85 EPS for the current fiscal year.

Lincoln National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Monday, October 12th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, October 9th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.0%. Lincoln National’s payout ratio is presently 15.60%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Barclays upgraded shares of Lincoln National from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $42.00 to $45.00 in a research report on Monday, July 6th. TD Cowen increased their target price on shares of Lincoln National from $37.00 to $42.00 and gave the stock a “hold” rating in a report on Wednesday, July 22nd. Weiss Ratings upgraded shares of Lincoln National from a “hold (c)” rating to a “buy (b)” rating in a research note on Monday, August 3rd. Mizuho increased their price objective on shares of Lincoln National from $51.00 to $53.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Finally, Jefferies Financial Group boosted their price objective on shares of Lincoln National from $56.00 to $57.00 and gave the company a “buy” rating in a report on Friday, July 10th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $46.43.

Institutional Investors Weigh In On Lincoln National

Several large investors have recently modified their holdings of the company. Trust Co. of Vermont bought a new position in shares of Lincoln National in the 2nd quarter worth about $28,000. JPL Wealth Management LLC acquired a new position in Lincoln National during the third quarter worth $29,000. Transamerica Financial Advisors LLC bought a new position in Lincoln National in the 4th quarter valued at about $32,000. NBT Bank N A NY boosted its position in shares of Lincoln National by 2,051.1% during the first quarter. NBT Bank N A NY now owns 968 shares of the financial services provider’s stock valued at $34,000 after buying an additional 923 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in Lincoln National in the 4th quarter valued at $34,000. 72.81% of the stock is currently owned by institutional investors and hedge funds.

Lincoln National Company Profile

Lincoln National Corporation, doing business as Lincoln Financial Group, is a diversified financial services holding company focused on providing retirement, insurance, and wealth management solutions in the United States and select international markets. Headquartered in Radnor, Pennsylvania, the company operates through several business segments, including Retirement Plan Services, Life Insurance, and Group Protection. Its offerings are designed to help individuals, families, and institutions plan and prepare for their financial futures.

The Retirement Plan Services segment delivers recordkeeping, administrative services, and investment management for defined contribution and defined benefit plans.