Lincoln National Co. (NYSE:LNC) Director M Leanne Lachman acquired 3,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was acquired at an average price of $35.59 per share, for a total transaction of $106,770.00.

LNC opened at $35.94 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.41. The company has a market cap of $6.88 billion, a price-to-earnings ratio of 11.02 and a beta of 2.27. Lincoln National Co. has a 52-week low of $16.11 and a 52-week high of $67.17. The firm’s fifty day simple moving average is $31.24 and its two-hundred day simple moving average is $47.39.

Lincoln National (NYSE:LNC) last posted its quarterly earnings data on Thursday, May 7th. The financial services provider reported $2.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.17 by $0.07. The business had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.53 billion. Lincoln National had a net margin of 3.72% and a return on equity of 10.01%. The company’s revenue was up 3.4% compared to the same quarter last year. During the same period last year, the firm posted $2.14 earnings per share. On average, research analysts forecast that Lincoln National Co. will post 8.59 EPS for the current year.

A number of research firms have recently weighed in on LNC. TheStreet lowered shares of Lincoln National from a “b-” rating to a “c+” rating in a research note on Thursday, March 5th. Morgan Stanley dropped their price target on shares of Lincoln National from $73.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 17th. ValuEngine lowered shares of Lincoln National from a “sell” rating to a “strong sell” rating in a research report on Friday, March 20th. Piper Sandler dropped their price target on shares of Lincoln National from $36.00 to $28.00 and set a “neutral” rating on the stock in a research report on Friday, April 3rd. Finally, Wells Fargo & Co dropped their price target on shares of Lincoln National from $66.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 1st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Lincoln National presently has a consensus rating of “Hold” and an average price target of $47.91.

Institutional investors and hedge funds have recently bought and sold shares of the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Lincoln National by 2.2% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 47,174 shares of the financial services provider’s stock worth $2,784,000 after buying an additional 1,024 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Lincoln National by 16.6% in the fourth quarter. Bank of New York Mellon Corp now owns 1,970,017 shares of the financial services provider’s stock worth $116,251,000 after buying an additional 280,463 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Lincoln National by 135.7% in the fourth quarter. Franklin Resources Inc. now owns 110,486 shares of the financial services provider’s stock worth $6,521,000 after buying an additional 63,601 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Lincoln National by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 964,952 shares of the financial services provider’s stock worth $56,942,000 after buying an additional 12,428 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Lincoln National by 33.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 150,304 shares of the financial services provider’s stock worth $8,869,000 after buying an additional 37,805 shares in the last quarter. 81.22% of the stock is currently owned by institutional investors and hedge funds.

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 Annuities segment offers variable, fixed, and indexed variable annuities.

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