Insider Selling: 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 firm’s stock in a transaction on 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 sale, the executive vice president owned 103,296 shares in the company, valued at approximately $4,156,631.04. This represents a 14.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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 Stock Up 7.5%

NYSE LNC traded up $3.00 during trading on Monday, reaching $43.05. 2,695,716 shares of the company’s stock were exchanged, compared to its average volume of 2,044,556. The company has a 50 day moving average price of $41.52 and a two-hundred day moving average price of $39.02. The stock has a market cap of $8.20 billion, a P/E ratio of 2.66, a price-to-earnings-growth ratio of 1.13 and a beta of 1.16. Lincoln National Corporation has a 1 year low of $32.18 and a 1 year high of $47.67. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.25 and a current ratio of 0.25.

Lincoln National (NYSE:LNC) last released its quarterly earnings data on Thursday, November 5th. The financial services provider reported $1.72 EPS for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.24). Lincoln National had a net margin of 16.36% and a return on equity of 17.02%. The business had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $4.97 billion. During the same quarter in the previous year, the company posted $2.04 EPS. On average, equities research analysts anticipate that Lincoln National Corporation will post 7.90 EPS for the current fiscal year.

Institutional Trading of Lincoln National

A number of institutional investors have recently modified their holdings of LNC. Arizona State Retirement System grew its holdings in Lincoln National by 0.5% during the second quarter. Arizona State Retirement System now owns 47,206 shares of the financial services provider’s stock worth $1,669,000 after acquiring an additional 252 shares during the period. Apollon Wealth Management LLC raised its position in Lincoln National by 4.5% in the third quarter. Apollon Wealth Management LLC now owns 6,326 shares of the financial services provider’s stock worth $255,000 after acquiring an additional 270 shares in the last quarter. Sage Rhino Capital LLC raised its position in Lincoln National by 3.9% in the third quarter. Sage Rhino Capital LLC now owns 8,510 shares of the financial services provider’s stock worth $343,000 after acquiring an additional 316 shares in the last quarter. IFP Advisors Inc lifted its holdings in Lincoln National by 7.0% in the third quarter. IFP Advisors Inc now owns 5,362 shares of the financial services provider’s stock valued at $216,000 after acquiring an additional 349 shares during the period. Finally, Wealthcare Advisory Partners LLC lifted its holdings in Lincoln National by 1.5% in the second quarter. Wealthcare Advisory Partners LLC now owns 30,999 shares of the financial services provider’s stock valued at $1,096,000 after acquiring an additional 454 shares during the period. 72.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on LNC. Wells Fargo & Company raised their price objective 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. UBS Group upped their target price on shares of Lincoln National from $44.00 to $46.00 and gave the company a “neutral” rating in a report on Tuesday, October 6th. Keefe, Bruyette & Woods dropped their target price on shares of Lincoln National from $51.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, October 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Lincoln National in a research note on Friday, October 30th. Finally, Barclays boosted their price target on shares of Lincoln National from $45.00 to $48.00 and gave the company an “overweight” rating in a research report on Wednesday, October 7th. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Lincoln National has a consensus rating of “Hold” and a consensus target price of $48.67.

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.

Founded in 1905 as The Lincoln National Life Insurance Company, the business takes its name from Abraham Lincoln.