Lincoln National (NYSE:LNC) EVP Craigt Beazer Sells 30,000 Shares of Stock

Lincoln National Corporation (NYSE:LNC) EVP Craigt Beazer sold 30,000 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $34.45, for a total transaction of $1,033,500.00. Following the transaction, the executive vice president directly owned 103,906 shares in the company, valued at approximately $3,579,561.70. This represents a 22.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Lincoln National Stock Performance

NYSE:LNC opened at $35.07 on Tuesday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.65. The company has a market cap of $6.70 billion, a P/E ratio of 4.07, a P/E/G ratio of 2.23 and a beta of 1.17. Lincoln National Corporation has a fifty-two week low of $31.69 and a fifty-two week high of $46.82. The firm’s 50 day moving average is $35.54 and its two-hundred day moving average is $38.67.

Lincoln National (NYSE:LNC) last released its quarterly earnings data on Thursday, May 7th. The financial services provider reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.08. Lincoln National had a net margin of 9.17% and a return on equity of 18.07%. The company had revenue of $4.87 billion during the quarter, compared to analyst estimates of $4.93 billion. During the same quarter in the prior year, the business earned $1.60 earnings per share. The business’s quarterly revenue was up 13.1% compared to the same quarter last year. Analysts expect that Lincoln National Corporation will post 7.72 EPS for the current year.

Lincoln National Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be given a $0.45 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.80 annualized dividend and a dividend yield of 5.1%. Lincoln National’s dividend payout ratio is presently 20.88%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LNC. Mizuho dropped their price objective on shares of Lincoln National from $54.00 to $48.00 and set an “outperform” rating for the company in a research report on Monday, April 13th. Morgan Stanley dropped their price objective on shares of Lincoln National from $43.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. JPMorgan Chase & Co. dropped their price objective on shares of Lincoln National from $42.00 to $40.00 and set an “underweight” rating for the company in a research report on Thursday, May 7th. Keefe, Bruyette & Woods increased their price objective on shares of Lincoln National from $43.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Finally, Weiss Ratings lowered shares of Lincoln National from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $43.00.

Institutional Investors Weigh In On Lincoln National

A number of large investors have recently added to or reduced their stakes in LNC. JPL Wealth Management LLC acquired a new stake in Lincoln National during the 3rd quarter valued at $29,000. V Square Quantitative Management LLC acquired a new stake in Lincoln National during the 4th quarter valued at $31,000. Transamerica Financial Advisors LLC acquired a new stake in Lincoln National during the 4th quarter valued at $32,000. NBT Bank N A NY grew its holdings in Lincoln National by 2,051.1% during the 1st quarter. NBT Bank N A NY now owns 968 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 923 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in Lincoln National during the 4th quarter valued at $34,000. 72.81% of the stock is owned by institutional investors and hedge funds.

About Lincoln National

Lincoln National Corporation, doing business as Lincoln Financial Group, is a diversified financial services holding company focused on providing retirement, insurance, and wealth management solutions in the United States and select international markets. Headquartered in Radnor, Pennsylvania, the company operates through several business segments, including Retirement Plan Services, Life Insurance, and Group Protection. Its offerings are designed to help individuals, families, and institutions plan and prepare for their financial futures.

The Retirement Plan Services segment delivers recordkeeping, administrative services, and investment management for defined contribution and defined benefit plans.