Brian Kroll Sells 10,075 Shares of Lincoln National Co. (NYSE:LNC) Stock

Lincoln National Co. (NYSE:LNC - Get Free Report) EVP Brian Kroll sold 10,075 shares of the company's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $33.10, for a total value of $333,482.50. Following the completion of the transaction, the executive vice president now directly owns 48,743 shares in the company, valued at $1,613,393.30. This trade represents a 17.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Lincoln National Stock Down 0.5%

LNC stock traded down $0.15 during trading on Friday, reaching $33.13. 1,556,123 shares of the company traded hands, compared to its average volume of 1,639,627. Lincoln National Co. has a 12 month low of $27.58 and a 12 month high of $39.85. The business has a 50 day simple moving average of $32.66 and a 200 day simple moving average of $33.97. The company has a market capitalization of $5.66 billion, a price-to-earnings ratio of 1.80, a price-to-earnings-growth ratio of 0.30 and a beta of 1.42. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.27 and a current ratio of 0.27.

Lincoln National (NYSE:LNC - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The financial services provider reported $1.60 earnings per share for the quarter, beating analysts' consensus estimates of $1.54 by $0.06. Lincoln National had a return on equity of 18.47% and a net margin of 17.76%. The company had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter last year, the company earned $0.41 earnings per share. The firm's revenue for the quarter was up 14.0% compared to the same quarter last year. On average, equities research analysts anticipate that Lincoln National Co. will post 7.69 earnings per share for the current fiscal year.

Lincoln National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 5.43%. The ex-dividend date of this dividend is Thursday, July 10th. Lincoln National's dividend payout ratio (DPR) is presently 25.57%.

Institutional Investors Weigh In On Lincoln National

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake in Lincoln National by 14.4% in the fourth quarter. JPMorgan Chase & Co. now owns 330,755 shares of the financial services provider's stock valued at $10,488,000 after buying an additional 41,533 shares during the last quarter. National Bank of Canada FI raised its stake in Lincoln National by 20,127.5% in the fourth quarter. National Bank of Canada FI now owns 316,965 shares of the financial services provider's stock valued at $10,051,000 after buying an additional 315,398 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Lincoln National in the fourth quarter valued at about $1,050,000. Amundi raised its stake in Lincoln National by 92.0% in the fourth quarter. Amundi now owns 119,294 shares of the financial services provider's stock valued at $3,747,000 after buying an additional 57,152 shares during the last quarter. Finally, Keystone Financial Group raised its stake in Lincoln National by 462.6% in the fourth quarter. Keystone Financial Group now owns 59,555 shares of the financial services provider's stock valued at $1,888,000 after buying an additional 48,969 shares during the last quarter. 72.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LNC has been the topic of several research analyst reports. Wall Street Zen downgraded Lincoln National from a "hold" rating to a "sell" rating in a research report on Monday, May 12th. Piper Sandler cut their price objective on Lincoln National from $38.00 to $36.00 and set a "neutral" rating on the stock in a research report on Friday, May 9th. Morgan Stanley increased their price target on Lincoln National from $32.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Keefe, Bruyette & Woods dropped their price target on Lincoln National from $40.00 to $38.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 9th. Finally, Evercore ISI increased their price target on Lincoln National from $41.00 to $44.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 19th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Lincoln National currently has an average rating of "Hold" and a consensus price target of $36.82.

Lincoln National Company Profile

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates in four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders.