Lincoln National Co. (LNC) EVP Sells $620,573.00 in Stock

Lincoln National Co. (NYSE:LNC) EVP Ellen Cooper sold 7,300 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $85.01, for a total transaction of $620,573.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of Lincoln National Co. (NYSE LNC) opened at $78.51 on Thursday. Lincoln National Co. has a 12-month low of $61.45 and a 12-month high of $86.68. The firm has a market cap of $17,193.43, a PE ratio of 10.10, a price-to-earnings-growth ratio of 1.15 and a beta of 1.96. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.11 and a current ratio of 0.10.

Lincoln National (NYSE:LNC) last announced its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.04. Lincoln National had a net margin of 14.48% and a return on equity of 10.86%. The business had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same period last year, the business earned $1.77 earnings per share. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. equities research analysts anticipate that Lincoln National Co. will post 8.54 EPS for the current year.

Lincoln National announced that its Board of Directors has authorized a share repurchase plan on Friday, January 19th that authorizes the company to buyback shares. This buyback authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Krilogy Financial LLC increased its position in shares of Lincoln National by 1.2% during the second quarter. Krilogy Financial LLC now owns 3,460 shares of the financial services provider’s stock valued at $234,000 after acquiring an additional 40 shares during the last quarter. D.A. Davidson & CO. increased its position in shares of Lincoln National by 8.6% during the second quarter. D.A. Davidson & CO. now owns 1,726 shares of the financial services provider’s stock valued at $116,000 after acquiring an additional 136 shares during the last quarter. Altavista Wealth Management Inc. increased its position in shares of Lincoln National by 0.3% during the second quarter. Altavista Wealth Management Inc. now owns 66,979 shares of the financial services provider’s stock valued at $4,526,000 after acquiring an additional 188 shares during the last quarter. Thrivent Financial For Lutherans increased its position in shares of Lincoln National by 2.8% during the second quarter. Thrivent Financial For Lutherans now owns 8,514 shares of the financial services provider’s stock valued at $575,000 after acquiring an additional 230 shares during the last quarter. Finally, Raymond James Trust N.A. increased its position in shares of Lincoln National by 13.0% during the fourth quarter. Raymond James Trust N.A. now owns 7,167 shares of the financial services provider’s stock valued at $551,000 after acquiring an additional 826 shares during the last quarter. Institutional investors and hedge funds own 80.58% of the company’s stock.

Several equities analysts have recently weighed in on LNC shares. Barclays reissued a “buy” rating and issued a $90.00 price target on shares of Lincoln National in a research note on Tuesday, January 9th. Royal Bank of Canada reissued a “buy” rating and issued a $86.00 price target on shares of Lincoln National in a research note on Friday, December 8th. Morgan Stanley raised their price target on shares of Lincoln National from $77.00 to $79.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $89.00 price target on shares of Lincoln National in a research note on Friday, December 22nd. Finally, Zacks Investment Research raised shares of Lincoln National from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a research note on Monday, January 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $83.27.

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About Lincoln National

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. The Company 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 on the creation and protection of wealth through life insurance products, and Group Protection, which offers principally group non-medical insurance products.

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

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