Traders Buy Shares of Lincoln National (LNC) on Weakness

Traders purchased shares of Lincoln National Co. (NYSE:LNC) on weakness during trading on Thursday. $47.59 million flowed into the stock on the tick-up and $34.03 million flowed out of the stock on the tick-down, for a money net flow of $13.56 million into the stock. Of all companies tracked, Lincoln National had the 32nd highest net in-flow for the day. Lincoln National traded down ($0.84) for the day and closed at $68.05

LNC has been the subject of several recent analyst reports. Deutsche Bank decreased their target price on Lincoln National from $87.00 to $82.00 and set a “buy” rating for the company in a research report on Monday, May 21st. JPMorgan Chase & Co. set a $87.00 price objective on Lincoln National and gave the stock a “buy” rating in a report on Monday, April 2nd. Bank of America assumed coverage on Lincoln National in a report on Monday, March 26th. They set a “buy” rating and a $90.00 price objective for the company. Zacks Investment Research lowered Lincoln National from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Finally, ValuEngine lowered Lincoln National from a “buy” rating to a “hold” rating in a report on Tuesday, April 3rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. Lincoln National has an average rating of “Hold” and an average target price of $82.77.

The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.35. The firm has a market cap of $15.18 billion, a price-to-earnings ratio of 8.74, a PEG ratio of 1.03 and a beta of 1.91.



Lincoln National (NYSE:LNC) last posted its earnings results on Wednesday, May 2nd. The financial services provider reported $1.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.94 by $0.03. Lincoln National had a return on equity of 10.69% and a net margin of 13.90%. The company had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same period last year, the company earned $1.92 earnings per share. The business’s revenue was up 1.9% compared to the same quarter last year. equities analysts forecast that Lincoln National Co. will post 8.42 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 1st. Shareholders of record on Tuesday, July 10th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, July 9th. This represents a $1.32 annualized dividend and a yield of 1.94%. Lincoln National’s dividend payout ratio (DPR) is currently 16.94%.

In related news, Director Deirdre P. Connelly bought 1,000 shares of the business’s stock in a transaction on Friday, May 4th. The shares were bought at an average cost of $67.09 per share, for a total transaction of $67,090.00. Following the completion of the acquisition, the director now directly owns 1,000 shares in the company, valued at $67,090. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 1.12% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Lombard Odier Asset Management Switzerland SA raised its holdings in Lincoln National by 2.9% during the fourth quarter. Lombard Odier Asset Management Switzerland SA now owns 24,219 shares of the financial services provider’s stock valued at $1,862,000 after buying an additional 674 shares in the last quarter. Atlantic Trust Group LLC raised its holdings in Lincoln National by 6.3% during the first quarter. Atlantic Trust Group LLC now owns 12,251 shares of the financial services provider’s stock valued at $895,000 after buying an additional 724 shares in the last quarter. BB&T Securities LLC raised its holdings in Lincoln National by 4.9% during the fourth quarter. BB&T Securities LLC now owns 15,658 shares of the financial services provider’s stock valued at $1,203,000 after buying an additional 736 shares in the last quarter. Freestone Capital Holdings LLC raised its holdings in Lincoln National by 2.4% during the first quarter. Freestone Capital Holdings LLC now owns 31,925 shares of the financial services provider’s stock valued at $2,332,000 after buying an additional 746 shares in the last quarter. Finally, Signaturefd LLC increased its stake in shares of Lincoln National by 25.0% in the first quarter. Signaturefd LLC now owns 3,858 shares of the financial services provider’s stock worth $282,000 after purchasing an additional 771 shares during the period. Institutional investors own 80.52% of the company’s stock.

Lincoln National Company Profile

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The company sells a range of wealth protection, accumulation, and retirement income products and solutions.

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