News articles about Lincoln National (NYSE:LNC) have trended somewhat positive this week, Accern Sentiment reports. The research firm ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Lincoln National earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 46.2225866512511 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment’s rankings:
- Lincoln Financial Network Advisor Recognized by InvestmentNews Women to Watch Award – Business Wire (press release) (businesswire.com)
- Two Industry Veterans Join Lincoln Financial’s Retirement Plan Services Institutional Retirement Distribution Team – Business Wire (press release) (businesswire.com)
- Two Industry Veterans Join Lincoln Financial’s Retirement Plan Services Institutional Retirement Distribution Team (finance.yahoo.com)
- Lincoln National Co. (LNC) EVP Lisa Buckingham Sells 24,537 Shares (americanbankingnews.com)
LNC has been the topic of a number of recent analyst reports. Barclays restated a “buy” rating and set a $90.00 price target on shares of Lincoln National in a research report on Tuesday, January 9th. Royal Bank of Canada restated a “buy” rating and set a $86.00 price target on shares of Lincoln National in a research report on Friday, December 8th. Keefe, Bruyette & Woods restated a “hold” rating and set a $89.00 price target on shares of Lincoln National in a research report on Friday, December 22nd. Zacks Investment Research upgraded 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 report on Monday, January 8th. Finally, Deutsche Bank started coverage on shares of Lincoln National in a report on Tuesday, January 2nd. They issued a “buy” rating and a $84.00 target price on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $83.33.
Lincoln National (NYSE:LNC) last released its earnings results on Wednesday, January 31st. The financial services provider reported $1.98 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the previous year, the firm earned $1.77 EPS. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. analysts forecast that Lincoln National will post 8.5 EPS for the current year.
Lincoln National announced that its board has initiated a share buyback plan on Friday, January 19th that permits the company to buyback outstanding shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Tuesday, April 10th will be issued a $0.33 dividend. The ex-dividend date is Monday, April 9th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.70%. Lincoln National’s payout ratio is currently 14.32%.
In other news, CFO Randal J. Freitag sold 31,657 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $84.32, for a total transaction of $2,669,318.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Lisa Buckingham sold 24,537 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $78.39, for a total transaction of $1,923,455.43. Following the sale, the executive vice president now owns 77,135 shares in the company, valued at approximately $6,046,612.65. The disclosure for this sale can be found here. Insiders have sold 167,736 shares of company stock worth $14,032,099 in the last 90 days. 1.12% of the stock is owned by company insiders.
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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.
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