James Waltman Reid Sells 3,050 Shares of Lincoln National (NYSE:LNC) Stock

Lincoln National Corporation (NYSE:LNC) EVP James Waltman Reid sold 3,050 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $41.81, for a total value of $127,520.50. Following the completion of the transaction, the executive vice president owned 118,567 shares of the company’s stock, valued at $4,957,286.27. This trade represents a 2.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Lincoln National Trading Down 0.5%

NYSE LNC opened at $39.90 on Friday. The business’s fifty day moving average is $42.62 and its 200-day moving average is $41.47. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.27 and a quick ratio of 0.28. The stock has a market capitalization of $7.58 billion, a price-to-earnings ratio of 7.51, a PEG ratio of 1.69 and a beta of 1.30. Lincoln National Corporation has a one year low of $27.58 and a one year high of $46.82.

Lincoln National (NYSE:LNC) last posted its quarterly earnings data on Thursday, February 12th. The financial services provider reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.35. The business had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.85 billion. Lincoln National had a net margin of 6.46% and a return on equity of 18.52%. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.91 earnings per share. Equities research analysts predict that Lincoln National Corporation will post 7.69 EPS for the current year.

Lincoln National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, April 10th. Lincoln National’s payout ratio is 33.90%.

Analyst Upgrades and Downgrades

LNC has been the topic of several research reports. Wells Fargo & Company boosted their target price on Lincoln National from $39.00 to $41.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. Keefe, Bruyette & Woods lifted their price objective on Lincoln National from $43.00 to $44.00 and gave the stock a “market perform” rating in a report on Monday, November 3rd. Mizuho initiated coverage on Lincoln National in a research note on Tuesday, December 16th. They issued an “outperform” rating and a $52.00 price objective on the stock. National Bank Financial set a $45.00 target price on shares of Lincoln National in a research report on Thursday, January 8th. Finally, Piper Sandler boosted their price target on shares of Lincoln National from $42.00 to $48.00 and gave the company a “neutral” rating in a research report on Tuesday, December 23rd. Four equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $46.25.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. purchased a new stake in shares of Lincoln National in the second quarter worth about $28,000. JPL Wealth Management LLC bought a new stake in Lincoln National during the 3rd quarter worth approximately $29,000. V Square Quantitative Management LLC purchased a new stake in Lincoln National in the 4th quarter worth approximately $31,000. Salomon & Ludwin LLC bought a new position in Lincoln National in the 3rd quarter valued at $32,000. Finally, Transamerica Financial Advisors LLC purchased a new position in shares of Lincoln National during the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 72.81% of the company’s stock.

About Lincoln National

Lincoln National Corporation, doing business as Lincoln Financial Group, is a diversified financial services holding company focused on providing retirement, insurance, and wealth management solutions in the United States and select international markets. Headquartered in Radnor, Pennsylvania, the company operates through several business segments, including Retirement Plan Services, Life Insurance, and Group Protection. Its offerings are designed to help individuals, families, and institutions plan and prepare for their financial futures.

The Retirement Plan Services segment delivers recordkeeping, administrative services, and investment management for defined contribution and defined benefit plans.