Lincoln National (NYSE:LNC) EVP Sells $704,200.00 in Stock

Lincoln National Corporation (NYSE:LNC) EVP Sean Woodroffe sold 17,500 shares of the firm’s stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $40.24, for a total transaction of $704,200.00. Following the completion of the sale, the executive vice president owned 103,296 shares of the company’s stock, valued at $4,156,631.04. This trade represents a 14.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Sean Woodroffe also recently made the following trade(s):

• On Monday, August 17th, Sean Woodroffe sold 11,000 shares of Lincoln National stock. The stock was sold at an average price of $45.28, for a total transaction of $498,080.00.

Lincoln National Price Performance

LNC traded up $3.00 on Monday, hitting $43.05. 2,695,716 shares of the company were exchanged, compared to its average volume of 2,044,556. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.25 and a current ratio of 0.25. The business’s fifty day moving average is $41.52 and its 200 day moving average is $39.02. Lincoln National Corporation has a fifty-two week low of $32.18 and a fifty-two week high of $47.67. The firm has a market capitalization of $8.20 billion, a P/E ratio of 2.66, a price-to-earnings-growth ratio of 1.13 and a beta of 1.16.

Lincoln National (NYSE:LNC) last issued its earnings results on Thursday, November 5th. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.24). Lincoln National had a net margin of 16.36% and a return on equity of 17.02%. The company had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $4.97 billion. During the same period last year, the business posted $2.04 earnings per share. As a group, sell-side analysts anticipate that Lincoln National Corporation will post 7.90 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. TD Cowen raised their price objective on Lincoln National from $37.00 to $42.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. decreased their target price on Lincoln National from $49.00 to $47.00 and set an “underweight” rating on the stock in a research report on Thursday, October 15th. Mizuho decreased their target price on Lincoln National from $53.00 to $49.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 7th. Wells Fargo & Company raised their price target on Lincoln National from $52.00 to $54.00 and gave the company an “overweight” rating in a research report on Monday, October 12th. Finally, UBS Group lifted their price target on Lincoln National from $44.00 to $46.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 6th. Seven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $48.67.

Institutional Trading of Lincoln National

Several large investors have recently modified their holdings of LNC. Dimensional Fund Advisors LP increased its stake in shares of Lincoln National by 24.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,755,506 shares of the financial services provider’s stock worth $275,304,000 after purchasing an additional 1,522,179 shares in the last quarter. State Street Corp raised its position in shares of Lincoln National by 3.6% during the 2nd quarter. State Street Corp now owns 6,106,302 shares of the financial services provider’s stock worth $215,858,000 after purchasing an additional 215,007 shares during the last quarter. Jennison Associates LLC lifted 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 in the last quarter. Bank of New York Mellon Corp acquired a new stake in Lincoln National during the 2nd quarter valued at $63,112,000. Finally, Bank of America Corp DE grew its holdings in Lincoln National by 11.5% during the 2nd quarter. Bank of America Corp DE now owns 1,592,814 shares of the financial services provider’s stock valued at $56,306,000 after buying 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.

Founded in 1905 as The Lincoln National Life Insurance Company, the business takes its name from Abraham Lincoln.