Lincoln National (NYSE:LNC) EVP Sean Woodroffe Sells 8,000 Shares of Stock

Lincoln National Corporation (NYSE:LNC) EVP Sean Woodroffe sold 8,000 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $32.74, for a total value of $261,920.00. Following the completion of the transaction, the executive vice president directly owned 198,159 shares of the company’s stock, valued at $6,487,725.66. This represents a 3.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Monday, March 2nd, Sean Woodroffe sold 10,000 shares of Lincoln National stock. The shares were sold at an average price of $34.46, for a total value of $344,600.00.

Lincoln National Price Performance

LNC stock opened at $34.09 on Tuesday. The stock’s 50 day moving average is $40.26 and its two-hundred day moving average is $41.13. Lincoln National Corporation has a 52-week low of $27.58 and a 52-week high of $46.82. The company has a market capitalization of $6.48 billion, a PE ratio of 6.42, a P/E/G ratio of 1.52 and a beta of 1.30. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.59.

Lincoln National (NYSE:LNC) last released its earnings results on Thursday, February 12th. The financial services provider reported $2.21 EPS for the quarter, beating the consensus estimate of $1.86 by $0.35. Lincoln National had a return on equity of 18.52% and a net margin of 6.46%.The company had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.85 billion. During the same period in the prior year, the business posted $1.91 EPS. The business’s revenue was down 2.8% on a year-over-year basis. Analysts predict that Lincoln National Corporation will post 7.69 earnings per share for the current fiscal year.

Lincoln National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 10th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Friday, April 10th. Lincoln National’s dividend payout ratio is 33.90%.

Institutional Investors Weigh In On Lincoln National

A number of institutional investors have recently modified their holdings of the business. Insight Inv LLC lifted its holdings in Lincoln National by 0.5% in the fourth quarter. Insight Inv LLC now owns 48,127 shares of the financial services provider’s stock worth $2,143,000 after acquiring an additional 250 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Lincoln National by 6.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,110 shares of the financial services provider’s stock valued at $185,000 after purchasing an additional 252 shares during the last quarter. Phillips Financial Management LLC raised its position in shares of Lincoln National by 1.2% during the 3rd quarter. Phillips Financial Management LLC now owns 21,857 shares of the financial services provider’s stock worth $881,000 after purchasing an additional 254 shares during the period. CWM LLC lifted its holdings in shares of Lincoln National by 2.1% in the 4th quarter. CWM LLC now owns 12,397 shares of the financial services provider’s stock worth $552,000 after purchasing an additional 255 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in shares of Lincoln National by 5.2% in the 2nd quarter. Assetmark Inc. now owns 5,401 shares of the financial services provider’s stock worth $187,000 after purchasing an additional 268 shares during the last quarter. Institutional investors own 72.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on LNC shares. National Bank Financial set a $45.00 target price on shares of Lincoln National in a research note on Thursday, January 8th. Piper Sandler lifted their price target on Lincoln National from $42.00 to $48.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 23rd. Mizuho started coverage on Lincoln National in a report on Tuesday, December 16th. They issued an “outperform” rating and a $52.00 price objective for the company. Wells Fargo & Company upgraded Lincoln National from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $41.00 to $48.00 in a research note on Wednesday, February 25th. Finally, Morgan Stanley decreased their target price on Lincoln National from $50.00 to $46.00 and set an “overweight” rating for the company in a research report on Tuesday, March 3rd. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $45.62.

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.