Insider Selling: Lincoln National (NYSE:LNC) Director Sells $397,685.50 in Stock

Lincoln National Corporation (NYSE:LNC) Director Gary Kelly sold 15,007 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $26.50, for a total value of $397,685.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Lincoln National Stock Up 0.0%

Lincoln National stock opened at $45.47 on Monday. Lincoln National Corporation has a twelve month low of $32.18 and a twelve month high of $47.67. The stock has a 50 day moving average of $40.40 and a two-hundred day moving average of $37.76. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $8.71 billion, a price-to-earnings ratio of 3.94, a PEG ratio of 1.63 and a beta of 1.14.

Lincoln National (NYSE:LNC) last announced its earnings results on Thursday, July 30th. The financial services provider reported $2.24 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.28. Lincoln National had a return on equity of 17.35% and a net margin of 12.21%.The company had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same period last year, the business posted $2.36 EPS. The company’s revenue was up 12.3% on a year-over-year basis. As a group, research analysts expect that Lincoln National Corporation will post 7.85 earnings per share for the current year.

Lincoln National Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Monday, October 12th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Friday, October 9th. Lincoln National’s payout ratio is currently 15.60%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Insight Inv LLC raised its stake in Lincoln National by 0.5% during the fourth quarter. Insight Inv LLC now owns 48,127 shares of the financial services provider’s stock worth $2,143,000 after acquiring an additional 250 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Lincoln National by 6.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,110 shares of the financial services provider’s stock valued at $185,000 after acquiring an additional 252 shares during the period. CWM LLC boosted its stake in shares of Lincoln National by 2.1% in the 4th quarter. CWM LLC now owns 12,397 shares of the financial services provider’s stock valued at $552,000 after purchasing an additional 255 shares in the last quarter. Evergreen Capital Management LLC boosted its stake in shares of Lincoln National by 3.2% in the 2nd quarter. Evergreen Capital Management LLC now owns 8,815 shares of the financial services provider’s stock valued at $305,000 after purchasing an additional 275 shares in the last quarter. Finally, Integrated Advisors Network LLC grew its holdings in shares of Lincoln National by 3.3% in the 1st quarter. Integrated Advisors Network LLC now owns 8,677 shares of the financial services provider’s stock worth $308,000 after purchasing an additional 279 shares during the last quarter. 72.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Weiss Ratings raised shares of Lincoln National from a “hold (c)” rating to a “buy (b)” rating in a report on Monday, August 3rd. UBS Group raised their price objective on shares of Lincoln National from $39.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Bank of America reaffirmed a “neutral” rating and issued a $47.00 price objective on shares of Lincoln National in a report on Thursday, July 30th. Mizuho boosted their target price on Lincoln National from $51.00 to $53.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Finally, Keefe, Bruyette & Woods increased their target price on Lincoln National from $46.00 to $51.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $46.43.

Lincoln National Company Profile

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.