Lincoln National (NYSE:LNC) EVP Sells $704,200.00 in Stock

Lincoln National Corporation (NYSE:LNC) EVP Sean Woodroffe sold 17,500 shares of the business’s stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $40.24, for a total value of $704,200.00. Following the completion of the transaction, the executive vice president directly owned 103,296 shares of the company’s stock, valued at approximately $4,156,631.04. The trade was a 14.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Sean Woodroffe also recently made the following trade(s):

• On Monday, August 17th, Sean Woodroffe sold 11,000 shares of Lincoln National stock. The stock was sold at an average price of $45.28, for a total value of $498,080.00.

Lincoln National Trading Down 0.5%

LNC opened at $42.54 on Thursday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $8.10 billion, a P/E ratio of 2.63, a P/E/G ratio of 1.21 and a beta of 1.16. Lincoln National Corporation has a 12 month low of $32.18 and a 12 month high of $47.67. The firm’s fifty day simple moving average is $41.51 and its 200 day simple moving average is $39.05.

Lincoln National (NYSE:LNC) last released its earnings results on Thursday, November 5th. The financial services provider reported $1.72 EPS for the quarter, missing the consensus estimate of $1.96 by ($0.24). Lincoln National had a net margin of 16.36% and a return on equity of 17.02%. The firm had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $4.97 billion. During the same quarter in the previous year, the firm posted $2.04 EPS. As a group, research analysts anticipate that Lincoln National Corporation will post 7.89 EPS for the current fiscal year.

Lincoln National Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 1st. Shareholders of record on Monday, January 11th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, January 11th. This represents a $1.80 annualized dividend and a dividend yield of 4.2%. Lincoln National’s payout ratio is 11.12%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on LNC shares. Wells Fargo & Company boosted their target price on shares of Lincoln National from $52.00 to $54.00 and gave the stock an “overweight” rating in a report on Monday, October 12th. JPMorgan Chase & Co. decreased their price objective on shares of Lincoln National from $49.00 to $47.00 and set an “underweight” rating for the company in a research report on Thursday, October 15th. Bank of America restated a “neutral” rating and set a $47.00 price objective on shares of Lincoln National in a research note on Thursday, July 30th. Barclays raised their target price on shares of Lincoln National from $45.00 to $48.00 and gave the company an “overweight” rating in a research note on Wednesday, October 7th. Finally, Keefe, Bruyette & Woods reduced their price target on Lincoln National from $51.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, October 9th. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $48.67.

Hedge Funds Weigh In On Lincoln National

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. one8zero8 LLC acquired a new position in shares of Lincoln National in the third quarter valued at $256,000. Private Advisor Group LLC boosted its holdings in shares of Lincoln National by 25.0% during the 3rd quarter. Private Advisor Group LLC now owns 49,052 shares of the financial services provider’s stock worth $1,975,000 after buying an additional 9,802 shares during the period. Ieq Capital LLC acquired a new position in Lincoln National in the 3rd quarter valued at about $3,300,000. Focus Advisor Solutions LLC bought a new position in Lincoln National in the 3rd quarter valued at about $667,000. Finally, Boston Partners lifted its position in Lincoln National by 63.7% during the third quarter. Boston Partners now owns 51,363 shares of the financial services provider’s stock worth $2,068,000 after acquiring an additional 19,989 shares during the last quarter. 72.81% of the stock is owned by institutional investors.

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.