Lincoln National Co. (NYSE:LNC) Director Owen Ryan Acquires 10,000 Shares of Stock

Lincoln National Co. (NYSE:LNCGet Free Report) Director Owen Ryan bought 10,000 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were bought at an average cost of $25.90 per share, with a total value of $259,000.00. Following the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $259,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Lincoln National Stock Performance

Shares of NYSE:LNC opened at $27.35 on Tuesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.19 and a current ratio of 0.26. The firm has a market cap of $4.64 billion, a PE ratio of -5.48, a price-to-earnings-growth ratio of 0.16 and a beta of 1.81. The business has a fifty day moving average of $26.99 and a 200-day moving average of $25.40. Lincoln National Co. has a twelve month low of $18.50 and a twelve month high of $35.20.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. American Century Companies Inc. lifted its stake in shares of Lincoln National by 11.6% during the first quarter. American Century Companies Inc. now owns 17,600 shares of the financial services provider’s stock valued at $1,151,000 after acquiring an additional 1,835 shares during the period. Private Advisor Group LLC boosted its stake in shares of Lincoln National by 4.2% in the 1st quarter. Private Advisor Group LLC now owns 6,980 shares of the financial services provider’s stock valued at $456,000 after purchasing an additional 284 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Lincoln National by 2,066.8% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 17,768 shares of the financial services provider’s stock worth $1,161,000 after buying an additional 16,948 shares during the period. MetLife Investment Management LLC raised its stake in shares of Lincoln National by 24.7% during the first quarter. MetLife Investment Management LLC now owns 46,808 shares of the financial services provider’s stock worth $3,059,000 after buying an additional 9,279 shares during the last quarter. Finally, Panagora Asset Management Inc. lifted its holdings in Lincoln National by 107.8% in the first quarter. Panagora Asset Management Inc. now owns 10,455 shares of the financial services provider’s stock valued at $683,000 after buying an additional 5,423 shares during the period. Institutional investors and hedge funds own 71.89% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on LNC shares. Morgan Stanley dropped their price target on Lincoln National from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 2nd. Jefferies Financial Group upgraded Lincoln National from an “underperform” rating to a “hold” rating in a research note on Monday. UBS Group upped their price objective on Lincoln National from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, January 10th. StockNews.com downgraded shares of Lincoln National from a “hold” rating to a “sell” rating in a research note on Monday. Finally, JPMorgan Chase & Co. downgraded shares of Lincoln National from a “neutral” rating to an “underweight” rating and set a $26.00 target price on the stock. in a research note on Wednesday, January 3rd. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $26.20.

Read Our Latest Research Report on LNC

About Lincoln National

(Get Free Report)

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The company's Life Insurance segment provides life insurance products, including term insurance, such as single and survivorship versions of universal life insurance; variable universal life insurance; indexed universal life insurance products; and critical illness and long-term care riders.

See Also

Receive News & Ratings for Lincoln National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lincoln National and related companies with MarketBeat.com's FREE daily email newsletter.