Press coverage about Lincoln National (NYSE:LNC) has been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Lincoln National earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 46.3440096220669 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Flippin Bruce & Porter Inc. Trims Stake in Lincoln National Co. (LNC) (americanbankingnews.com)
- Lincoln National Co. (LNC) Shares Bought by First Republic Investment Management Inc. (americanbankingnews.com)
- Suntrust Banks Inc. Sells 2,752 Shares of Lincoln National Co. (LNC) (americanbankingnews.com)
- Lincoln National Co. (LNC) Shares Sold by Norinchukin Bank The (americanbankingnews.com)
- Lincoln National Co. (LNC) Holdings Cut by Systematic Financial Management LP (americanbankingnews.com)
Lincoln National (NYSE LNC) traded up $0.99 during mid-day trading on Friday, hitting $78.02. The stock had a trading volume of 833,428 shares, compared to its average volume of 1,696,875. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.10 and a quick ratio of 0.11. The company has a market cap of $17,028.49, a P/E ratio of 8.44, a price-to-earnings-growth ratio of 1.15 and a beta of 1.96. Lincoln National has a 12 month low of $61.45 and a 12 month high of $86.68.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Tuesday, April 10th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, April 9th. This represents a $1.32 dividend on an annualized basis and a yield of 1.69%. Lincoln National’s dividend payout ratio (DPR) is 14.29%.
Lincoln National announced that its Board of Directors has initiated a share repurchase program on Friday, January 19th that authorizes the company to buyback outstanding shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.
LNC has been the subject of a number of recent analyst reports. Morgan Stanley upped their price objective on Lincoln National from $77.00 to $79.00 and gave the company an “equal weight” rating in a research note on Thursday, November 2nd. B. Riley reiterated a “neutral” rating on shares of Lincoln National in a research note on Monday, November 6th. ValuEngine downgraded Lincoln National from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 9th. Wells Fargo & Co set a $80.00 price target on Lincoln National and gave the stock a “hold” rating in a research note on Thursday, November 16th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $86.00 price target on shares of Lincoln National in a research note on Friday, December 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. Lincoln National has an average rating of “Buy” and a consensus target price of $83.27.
In related news, CEO Dennis R. Glass sold 102,367 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $84.71, for a total transaction of $8,671,508.57. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Kenneth S. Solon sold 1,875 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $78.53, for a total value of $147,243.75. Following the sale, the executive vice president now directly owns 148,067 shares in the company, valued at approximately $11,627,701.51. The disclosure for this sale can be found here. Insiders have sold a total of 143,199 shares of company stock worth $12,108,644 in the last three months. 1.12% of the stock is currently owned by insiders.
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Lincoln National Company Profile
Lincoln National Corporation is a holding company, which operates insurance and retirement businesses through subsidiary companies. The Company sells a range of wealth protection, accumulation and retirement income products and solutions, through its business segments. The Company operates through four segments: Annuities segment, which offers fixed (including indexed) and variable annuities; Retirement Plan Services segment, which provides employers with retirement plan products and services; Life Insurance segment, which focuses on the creation and protection of wealth through life insurance products, and Group Protection, which offers principally group non-medical insurance products.
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