Lincoln National (NYSE:LNC) Stock: Insider Craigt Beazer Sells 17,980 Shares

Lincoln National Corporation (NYSE:LNC) EVP Craigt Beazer sold 17,980 shares of the business’s stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $42.50, for a total value of $764,150.00. Following the sale, the executive vice president owned 87,702 shares of the company’s stock, valued at approximately $3,727,335. This trade represents a 17.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Lincoln National Price Performance

Shares of Lincoln National stock traded down $0.25 during mid-day trading on Tuesday, reaching $42.73. 1,701,782 shares of the stock traded hands, compared to its average volume of 2,042,974. The business has a 50-day moving average of $41.51 and a 200 day moving average of $39.03. Lincoln National Corporation has a fifty-two week low of $32.18 and a fifty-two week high of $47.67. The stock has a market capitalization of $8.18 billion, a PE ratio of 2.64, a PEG ratio of 1.40 and a beta of 1.16. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.62.

Lincoln National (NYSE:LNC) last released its earnings results on Thursday, November 5th. The financial services provider reported $1.72 earnings per share for the quarter, missing the consensus estimate of $1.96 by ($0.24). The firm had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $4.97 billion. Lincoln National had a net margin of 12.21% and a return on equity of 17.35%. During the same quarter last year, the business earned $2.04 EPS. On average, analysts predict that Lincoln National Corporation will post 7.90 EPS for the current year.

Institutional Trading of Lincoln National

Several large investors have recently added to or reduced their stakes in LNC. Bank of New York Mellon Corp acquired a new stake in shares of Lincoln National during the second quarter valued at about $63,112,000. Dimensional Fund Advisors LP lifted its holdings in shares of Lincoln National by 24.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,755,506 shares of the financial services provider’s stock worth $275,304,000 after acquiring an additional 1,522,179 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Lincoln National by 509.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 683,040 shares of the financial services provider’s stock worth $24,248,000 after acquiring an additional 570,884 shares during the last quarter. Quantinno Capital Management LP boosted its position in shares of Lincoln National by 223.2% during the 1st quarter. Quantinno Capital Management LP now owns 583,257 shares of the financial services provider’s stock worth $20,706,000 after purchasing an additional 402,783 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Lincoln National by 40.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,072,305 shares of the financial services provider’s stock worth $42,603,000 after purchasing an additional 306,999 shares during the period. 72.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on LNC shares. JPMorgan Chase & Co. decreased their price objective on Lincoln National from $49.00 to $47.00 and set an “underweight” rating on the stock in a report on Thursday, October 15th. Bank of America reiterated a “neutral” rating and issued a $47.00 target price on shares of Lincoln National in a research report on Thursday, July 30th. Mizuho decreased their price target on shares of Lincoln National from $53.00 to $49.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 7th. National Bank Financial set a $49.00 price target on shares of Lincoln National in a research note on Wednesday, October 7th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Lincoln National in a research report on Friday, October 30th. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $48.67.

About Lincoln National

Lincoln National Corporation, operating as Lincoln Financial Group, is a financial services and insurance company whose businesses focus on protecting income and helping individuals and employers plan for financial needs. Its offerings include life insurance, annuities, workplace benefits and retirement plan services. The company serves individuals, employers and retirement plan participants primarily in the United States. Its workplace protection products include benefits such as disability and life insurance, while its retirement services support employers and employees with workplace savings plans.