Lincoln National Co. (LNC) EVP Jamie Ohl Sells 2,152 Shares of Stock

Lincoln National Co. (NYSE:LNC) EVP Jamie Ohl sold 2,152 shares of the business’s stock in a transaction dated Thursday, December 6th. The shares were sold at an average price of $58.00, for a total value of $124,816.00. Following the sale, the executive vice president now directly owns 12,732 shares of the company’s stock, valued at approximately $738,456. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

LNC stock traded down $1.30 during trading on Friday, reaching $56.40. 2,231,244 shares of the stock traded hands, compared to its average volume of 1,647,982. The company has a market cap of $12.32 billion, a PE ratio of 7.24 and a beta of 1.87. Lincoln National Co. has a 52-week low of $55.83 and a 52-week high of $86.68. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.39.

Lincoln National (NYSE:LNC) last issued its quarterly earnings data on Thursday, November 1st. The financial services provider reported $2.34 EPS for the quarter, topping the Zacks’ consensus estimate of $2.17 by $0.17. The company had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.25 billion. Lincoln National had a return on equity of 11.61% and a net margin of 13.14%. The firm’s quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.87 earnings per share. Equities analysts forecast that Lincoln National Co. will post 8.56 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 1st. Shareholders of record on Thursday, January 10th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date is Wednesday, January 9th. This is a boost from Lincoln National’s previous quarterly dividend of $0.33. Lincoln National’s payout ratio is currently 16.94%.

A number of equities research analysts have issued reports on LNC shares. Credit Suisse Group lowered their price target on Lincoln National from $74.00 to $68.00 and set a “neutral” rating for the company in a research report on Friday, August 17th. ValuEngine raised Lincoln National from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 22nd. Goldman Sachs Group raised Lincoln National from a “sell” rating to a “neutral” rating and boosted their price target for the company from $69.00 to $70.00 in a research report on Monday, September 10th. UBS Group boosted their price target on Lincoln National from $73.00 to $74.00 and gave the company a “neutral” rating in a research report on Monday, October 8th. Finally, Zacks Investment Research raised Lincoln National from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research report on Monday, October 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $76.69.

Several institutional investors and hedge funds have recently modified their holdings of LNC. Eqis Capital Management Inc. acquired a new position in shares of Lincoln National during the second quarter worth about $294,000. Commonwealth Equity Services LLC lifted its stake in shares of Lincoln National by 25.4% during the second quarter. Commonwealth Equity Services LLC now owns 65,268 shares of the financial services provider’s stock worth $4,063,000 after purchasing an additional 13,207 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Lincoln National during the second quarter worth about $1,052,000. First Trust Advisors LP lifted its stake in shares of Lincoln National by 27.2% during the second quarter. First Trust Advisors LP now owns 470,462 shares of the financial services provider’s stock worth $29,286,000 after purchasing an additional 100,646 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Lincoln National by 5.9% during the second quarter. Victory Capital Management Inc. now owns 96,338 shares of the financial services provider’s stock worth $5,997,000 after purchasing an additional 5,346 shares in the last quarter. Institutional investors own 80.85% of the company’s stock.

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About Lincoln National

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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