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

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

Lincoln National Trading Down 0.6%

LNC stock opened at $42.73 on Wednesday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.73. The company has a market cap of $8.14 billion, a price-to-earnings ratio of 2.64, a PEG ratio of 1.21 and a beta of 1.16. The business has a fifty day simple moving average of $41.52 and a 200-day simple moving average of $39.04. Lincoln National Corporation has a 52 week low of $32.18 and a 52 week high of $47.67.

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 return on equity of 17.02% and a net margin of 16.36%. The business had revenue of $5.06 billion during the quarter, compared to analyst estimates of $4.97 billion. During the same period in the prior year, the firm earned $2.04 EPS. On average, equities research analysts expect that Lincoln National Corporation will post 7.89 EPS for the current year.

Lincoln National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 1st. Shareholders of record on Monday, January 11th will be given a $0.45 dividend. The ex-dividend date of this dividend is Monday, January 11th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.2%. Lincoln National’s payout ratio is currently 11.12%.

Trending Headlines about Lincoln National

Here are the key news stories impacting Lincoln National this week:

• Positive Sentiment: Barclays maintained its Buy rating on Lincoln National, providing a positive analyst signal. Broader analyst views remain mixed, with the stock carrying a consensus Hold rating. Barclays rating article
• Neutral Sentiment: Lincoln Financial announced a December dividend on its preferred stock. This is a routine distribution and does not by itself indicate a change in the company’s outlook. Preferred stock dividend announcement
• Negative Sentiment: Three executive vice presidents reported selling a combined 87,914 LNC shares for about $3.53 million. James Reid sold 52,434 shares, Sean Woodroffe sold 17,500, and Craig Beazer sold 17,980; each reduced their holdings but continued to own shares. Multiple insider sales can concern investors, although the filings do not establish the motivation for the trades. Reid SEC filing Woodroffe SEC filing Beazer SEC filing

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. National Bank Financial set a $49.00 price target on Lincoln National in a report on Wednesday, October 7th. UBS Group boosted 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. TD Cowen upped their target price on shares of Lincoln National from $37.00 to $42.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. Wells Fargo & Company increased their price target on shares of Lincoln National from $52.00 to $54.00 and gave the company an “overweight” rating in a report on Monday, October 12th. Finally, Bank of America restated a “neutral” rating and issued a $47.00 price target on shares of Lincoln National in a research report on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Lincoln National has an average rating of “Hold” and an average target price of $48.67.

Hedge Funds Weigh In On Lincoln National

Large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in shares of Lincoln National by 24.4% in the first quarter. Dimensional Fund Advisors LP now owns 7,755,506 shares of the financial services provider’s stock valued at $275,304,000 after purchasing an additional 1,522,179 shares during the period. State Street Corp grew its stake in Lincoln National by 3.6% in the 2nd quarter. State Street Corp now owns 6,106,302 shares of the financial services provider’s stock valued at $215,858,000 after buying an additional 215,007 shares during the last quarter. Jennison Associates LLC grew its stake in Lincoln National by 3.9% in the 1st quarter. Jennison Associates LLC now owns 3,823,152 shares of the financial services provider’s stock valued at $135,722,000 after buying an additional 141,994 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Lincoln National in the 2nd quarter valued at about $63,112,000. Finally, Bank of America Corp DE lifted its position in Lincoln National by 11.5% during the second quarter. Bank of America Corp DE now owns 1,592,814 shares of the financial services provider’s stock worth $56,306,000 after acquiring an additional 163,969 shares during the last quarter. 72.81% of the stock is currently owned by institutional investors and hedge funds.

Lincoln National Company Profile

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.