Lincoln National (NYSE:LNC) Stock: Insider James Waltman Reid Sells 52,434 Shares

Lincoln National Corporation (NYSE:LNC) EVP James Reid sold 52,434 shares of the stock in a transaction on Friday, November 6th. The shares were sold at an average price of $39.26, for a total transaction of $2,058,558.84. Following the sale, the executive vice president directly owned 129,533 shares of the company’s stock, valued at $5,085,465.58. The trade was a 28.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Lincoln National Trading Up 7.5%

Lincoln National stock traded up $3.00 during trading hours on Monday, reaching $43.05. The stock had a trading volume of 2,695,716 shares, compared to its average volume of 2,044,556. The company has a fifty day simple moving average of $41.52 and a 200-day simple moving average of $39.02. Lincoln National Corporation has a 52 week low of $32.18 and a 52 week high of $47.67. The stock has a market cap of $8.20 billion, a PE ratio of 2.66, a PEG ratio of 1.13 and a beta of 1.16. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.25 and a quick ratio of 0.25.

Lincoln National (NYSE:LNC) last issued its quarterly earnings data on Thursday, November 5th. The financial services provider reported $1.72 EPS for the quarter, missing the consensus estimate of $1.96 by ($0.24). The firm had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $4.97 billion. Lincoln National had a net margin of 16.36% and a return on equity of 17.02%. During the same period last year, the company posted $2.04 earnings per share. Analysts forecast that Lincoln National Corporation will post 7.90 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LNC. Morgan Stanley cut their price objective on Lincoln National from $50.00 to $47.00 and set an “overweight” rating on the stock in a research report on Monday, October 5th. Mizuho decreased their target price on Lincoln National from $53.00 to $49.00 and set an “outperform” rating for the company in a report on Wednesday, October 7th. TD Cowen raised their price target on Lincoln National from $37.00 to $42.00 and gave the stock a “hold” rating in a research note on Wednesday, July 22nd. Keefe, Bruyette & Woods cut their price target on shares of Lincoln National from $51.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, October 9th. Finally, Wells Fargo & Company boosted their price objective on shares of Lincoln National from $52.00 to $54.00 and gave the company an “overweight” rating in a research report on Monday, October 12th. Seven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Lincoln National has a consensus rating of “Hold” and a consensus price target of $48.67.

Institutional Trading of Lincoln National

Several large investors have recently bought and sold shares of LNC. Arizona State Retirement System boosted its position in shares of Lincoln National by 0.5% during the second quarter. Arizona State Retirement System now owns 47,206 shares of the financial services provider’s stock valued at $1,669,000 after purchasing an additional 252 shares in the last quarter. Apollon Wealth Management LLC raised its holdings in Lincoln National by 4.5% in the third quarter. Apollon Wealth Management LLC now owns 6,326 shares of the financial services provider’s stock worth $255,000 after purchasing an additional 270 shares in the last quarter. Sage Rhino Capital LLC raised its holdings in Lincoln National by 3.9% in the third quarter. Sage Rhino Capital LLC now owns 8,510 shares of the financial services provider’s stock worth $343,000 after purchasing an additional 316 shares in the last quarter. IFP Advisors Inc lifted its position in Lincoln National by 7.0% during the third quarter. IFP Advisors Inc now owns 5,362 shares of the financial services provider’s stock valued at $216,000 after buying an additional 349 shares during the period. Finally, Wealthcare Advisory Partners LLC lifted its position in Lincoln National by 1.5% during the second quarter. Wealthcare Advisory Partners LLC now owns 30,999 shares of the financial services provider’s stock valued at $1,096,000 after buying an additional 454 shares during the period. 72.81% of the stock is owned by institutional investors.

About Lincoln National

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.