Media stories about Lincoln National (NYSE:LNC) have been trending somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded 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 0.13 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 46.7335333860304 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
- Lincoln National (LNC) To Acquire Liberty Life Assurance Company – Slideshow (seekingalpha.com)
- B. Riley Equities Analysts Reduce Earnings Estimates for Lincoln National Co. (LNC) (americanbankingnews.com)
- A.M. Best Affirms Credit Ratings of Lincoln National Corporation and … – Business Wire (press release) (businesswire.com)
- B. Riley Analysts Increase Earnings Estimates for Lincoln National Co. (LNC) (americanbankingnews.com)
- A.M. Best Affirms Credit Ratings of Lincoln National Corporation and Its Key Subsidiaries (markets.financialcontent.com)
A number of research analysts recently issued reports on LNC shares. Barclays reissued a “buy” rating and set a $90.00 price target on shares of Lincoln National in a research report on Tuesday, January 9th. Zacks Investment Research upgraded shares of Lincoln National from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a research note on Monday, January 8th. ValuEngine lowered shares of Lincoln National from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 9th. Royal Bank of Canada restated a “buy” rating and set a $86.00 price objective on shares of Lincoln National in a research note on Friday, December 8th. Finally, Deutsche Bank assumed coverage on shares of Lincoln National in a research note on Tuesday, January 2nd. They set a “buy” rating and a $84.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $83.27.
Lincoln National (NYSE:LNC) traded up $0.41 during trading hours on Friday, reaching $77.58. 1,140,000 shares of the company’s stock were exchanged, compared to its average volume of 1,620,000. The company has a market cap of $16,980.00, a price-to-earnings ratio of 8.40, a P/E/G ratio of 1.14 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 has a 1-year low of $61.45 and a 1-year high of $86.68.
Lincoln National (NYSE:LNC) last announced its quarterly 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 firm had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same period in the previous year, the business posted $1.77 earnings per share. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. sell-side analysts anticipate that Lincoln National will post 8.5 EPS for the current fiscal year.
Lincoln National announced that its Board of Directors has approved a share repurchase program on Friday, January 19th that authorizes the company to repurchase shares. This repurchase authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
In other news, CFO Randal J. Freitag sold 31,657 shares of Lincoln National stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $84.32, for a total value of $2,669,318.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Dennis R. Glass sold 102,367 shares of Lincoln National stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $84.71, for a total transaction of $8,671,508.57. The disclosure for this sale can be found here. Insiders sold 141,324 shares of company stock valued at $11,961,400 over the last quarter. Company insiders own 1.12% of the company’s stock.
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Lincoln National Company Profile
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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