Owen Ryan Buys 2,000 Shares of Lincoln National (NYSE:LNC) Stock

Lincoln National Corporation (NYSE:LNC) Director Owen Ryan purchased 2,000 shares of Lincoln National stock in a transaction dated Wednesday, November 12th. The stock was acquired at an average price of $42.17 per share, for a total transaction of $84,340.00. Following the completion of the acquisition, the director owned 12,000 shares of the company’s stock, valued at approximately $506,040. This trade represents a 20.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Lincoln National Trading Down 0.2%

Lincoln National stock traded down $0.10 during mid-day trading on Friday, hitting $40.98. The company’s stock had a trading volume of 114,850 shares, compared to its average volume of 1,880,927. Lincoln National Corporation has a one year low of $27.58 and a one year high of $43.66. The stock has a market cap of $7.78 billion, a PE ratio of 7.15, a P/E/G ratio of 0.50 and a beta of 1.49. The company has a 50 day moving average of $40.43 and a 200-day moving average of $37.29. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.26 and a current ratio of 0.26.

Lincoln National (NYSE:LNC) last issued its earnings results on Thursday, October 30th. The financial services provider reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.20. The business had revenue of $4.56 billion for the quarter, compared to the consensus estimate of $4.80 billion. Lincoln National had a net margin of 6.34% and a return on equity of 19.14%. During the same period in the prior year, the firm earned $2.06 EPS. On average, research analysts anticipate that Lincoln National Corporation will post 7.69 EPS for the current year.

Lincoln National Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Monday, January 12th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Monday, January 12th. Lincoln National’s payout ratio is presently 16.16%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LNC. Weiss Ratings upgraded shares of Lincoln National from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, November 7th. Morgan Stanley dropped their price objective on Lincoln National from $58.00 to $53.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. Piper Sandler reiterated a “neutral” rating and issued a $42.00 target price on shares of Lincoln National in a report on Tuesday, October 7th. Keefe, Bruyette & Woods lifted their price objective on shares of Lincoln National from $43.00 to $44.00 and gave the stock a “market perform” rating in a research report on Monday, November 3rd. Finally, Zacks Research raised Lincoln National from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lincoln National has an average rating of “Hold” and an average target price of $42.82.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LNC. Atlas Capital Advisors Inc. boosted its holdings in shares of Lincoln National by 4,083.7% in the 1st quarter. Atlas Capital Advisors Inc. now owns 19,705 shares of the financial services provider’s stock valued at $708,000 after buying an additional 19,234 shares in the last quarter. Northern Trust Corp increased its position in shares of Lincoln National by 6.1% during the first quarter. Northern Trust Corp now owns 2,566,274 shares of the financial services provider’s stock worth $92,155,000 after purchasing an additional 146,667 shares in the last quarter. Blueshift Asset Management LLC purchased a new stake in shares of Lincoln National in the 1st quarter valued at about $449,000. Raymond James Financial Inc. boosted its position in shares of Lincoln National by 3.9% in the 1st quarter. Raymond James Financial Inc. now owns 267,204 shares of the financial services provider’s stock valued at $9,595,000 after purchasing an additional 10,018 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Lincoln National by 7.2% in the first quarter. Dimensional Fund Advisors LP now owns 3,084,433 shares of the financial services provider’s stock valued at $110,753,000 after buying an additional 208,114 shares during the last quarter. 72.81% of the stock is owned by hedge funds and other institutional investors.

Lincoln National Company Profile

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates in four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders.