Lincoln National (NYSE:LNC) EVP James Waltman Reid Sells 52,434 Shares of Stock

Lincoln National Corporation (NYSE:LNC) EVP James Reid sold 52,434 shares of the firm’s stock in a transaction on Friday, November 6th. The shares were sold at an average price of $39.26, for a total value of $2,058,558.84. Following the sale, the executive vice president directly owned 129,533 shares of the company’s stock, valued at $5,085,465.58. This represents a 28.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Lincoln National Trading Up 7.5%

Shares of LNC opened at $43.05 on Tuesday. The stock has a fifty day moving average price of $41.51 and a two-hundred day moving average price of $39.03. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.27 and a current ratio of 0.27. Lincoln National Corporation has a 52-week low of $32.18 and a 52-week high of $47.67. The company has a market cap of $8.24 billion, a price-to-earnings ratio of 2.66, a PEG ratio of 1.40 and a beta of 1.16.

Lincoln National (NYSE:LNC) last posted 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). The business had revenue of $5.06 billion during the quarter, compared to analyst estimates of $4.97 billion. Lincoln National had a return on equity of 17.35% and a net margin of 12.21%. During the same period in the prior year, the firm posted $2.04 EPS. Analysts predict that Lincoln National Corporation will post 7.90 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on LNC. TD Cowen upped their price target on shares of Lincoln National from $37.00 to $42.00 and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. Bank of America reissued a “neutral” rating and set a $47.00 price objective on shares of Lincoln National in a report on Thursday, July 30th. JPMorgan Chase & Co. lowered their price objective on shares of Lincoln National from $49.00 to $47.00 and set an “underweight” rating for the company in a research report on Thursday, October 15th. Mizuho dropped their target price on shares of Lincoln National from $53.00 to $49.00 and set an “outperform” rating for the company in a research note on Wednesday, October 7th. Finally, UBS Group upped their target price on shares of Lincoln National from $44.00 to $46.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 6th. Seven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $48.67.

Institutional Investors Weigh In On Lincoln National

A number of institutional investors and hedge funds have recently made changes to their positions in LNC. Arizona State Retirement System grew its position in Lincoln National by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 47,206 shares of the financial services provider’s stock worth $1,669,000 after purchasing an additional 252 shares in the last quarter. Apollon Wealth Management LLC lifted its position in shares of Lincoln National by 4.5% during the 3rd quarter. Apollon Wealth Management LLC now owns 6,326 shares of the financial services provider’s stock worth $255,000 after buying an additional 270 shares in the last quarter. Sage Rhino Capital LLC lifted its position in shares of Lincoln National by 3.9% during the 3rd quarter. Sage Rhino Capital LLC now owns 8,510 shares of the financial services provider’s stock worth $343,000 after buying an additional 316 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Lincoln National by 7.0% during the 3rd quarter. IFP Advisors Inc now owns 5,362 shares of the financial services provider’s stock worth $216,000 after buying an additional 349 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC grew its holdings in shares of 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 in the last quarter. Institutional investors own 72.81% of the company’s stock.

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.