Lincoln National Co. (NYSE:LNC) EVP Jamie Ohl sold 2,152 shares of the company’s stock in a transaction that occurred on 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 owns 12,732 shares in the company, valued at approximately $738,456. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NYSE:LNC traded down $1.30 during trading on Friday, hitting $56.40. 2,231,244 shares of the company traded hands, compared to its average volume of 1,647,982. The firm has a market capitalization of $12.32 billion, a PE ratio of 7.24 and a beta of 1.87. Lincoln National Co. has a one year low of $55.83 and a one year 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 posted its earnings results on Thursday, November 1st. The financial services provider reported $2.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.17 by $0.17. The company had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.25 billion. Lincoln National had a return on equity of 11.61% and a net margin of 13.14%. The business’s revenue was up 21.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.87 earnings per share. As a group, analysts predict that Lincoln National Co. will post 8.56 EPS for the current fiscal year.

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

LNC has been the topic of several research reports. Goldman Sachs Group upgraded Lincoln National from a “sell” rating to a “neutral” rating and upped their price objective for the company from $69.00 to $70.00 in a research note on Monday, September 10th. Zacks Investment Research upgraded Lincoln National from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research note on Monday, October 8th. UBS Group upped their price objective on Lincoln National from $73.00 to $74.00 and gave the company a “neutral” rating in a research note on Monday, October 8th. Credit Suisse Group cut their price objective on Lincoln National from $74.00 to $68.00 and set a “neutral” rating on the stock in a research note on Friday, August 17th. Finally, Bank of America cut their price objective on Lincoln National from $79.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, November 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $76.69.

Several large investors have recently bought and sold shares of the company. Legal & General Group Plc grew its holdings in shares of Lincoln National by 2.3% during the third quarter. Legal & General Group Plc now owns 1,051,772 shares of the financial services provider’s stock valued at $71,151,000 after purchasing an additional 23,662 shares during the last quarter. Standard Life Aberdeen plc grew its holdings in shares of Lincoln National by 7.7% during the third quarter. Standard Life Aberdeen plc now owns 89,161 shares of the financial services provider’s stock valued at $6,033,000 after purchasing an additional 6,357 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of Lincoln National by 8.5% during the third quarter. Nordea Investment Management AB now owns 268,753 shares of the financial services provider’s stock valued at $18,182,000 after purchasing an additional 21,060 shares during the last quarter. Kentucky Retirement Systems bought a new position in shares of Lincoln National during the third quarter valued at approximately $1,118,000. Finally, Captrust Financial Advisors grew its holdings in shares of Lincoln National by 66.8% during the third quarter. Captrust Financial Advisors now owns 4,086 shares of the financial services provider’s stock valued at $276,000 after purchasing an additional 1,637 shares during the last quarter. 80.85% of the stock is owned by institutional investors.

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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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