Lincoln National Corporation (NYSE:LNC) EVP John Christopher Kennedy Sells 5,000 Shares

Key Points

• Lincoln National Corporation's EVP, John Christopher Kennedy, sold 5,000 shares of stock for $196,450.00, reducing his position by 3.88% and leaving him with 123,815 shares valued at approximately $4.86 million.
• The company reported $2.36 earnings per share in its last quarter, exceeding analysts' expectations of $1.91, although revenue fell short of estimates at $4.04 billion.
• Lincoln National declared a quarterly dividend of $0.45 per share, translating to an annualized dividend yield of 4.7%, with a payout ratio of 31.41%.

Lincoln National Corporation (NYSE:LNC - Get Free Report) EVP John Christopher Kennedy sold 5,000 shares of Lincoln National stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $39.29, for a total value of $196,450.00. Following the completion of the sale, the executive vice president owned 123,815 shares of the company's stock, valued at approximately $4,864,691.35. The trade was a 3.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Lincoln National Stock Up 1.6%

Shares of NYSE:LNC traded up $0.62 during trading on Wednesday, hitting $40.32. 497,580 shares of the company's stock traded hands, compared to its average volume of 1,974,636. Lincoln National Corporation has a 52 week low of $27.58 and a 52 week high of $40.57. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.67. The company has a market cap of $7.64 billion, a price-to-earnings ratio of 7.04, a price-to-earnings-growth ratio of 0.53 and a beta of 1.42. The company has a 50-day moving average price of $34.75 and a 200-day moving average price of $34.55.

Lincoln National (NYSE:LNC - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The financial services provider reported $2.36 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.45. Lincoln National had a return on equity of 19.14% and a net margin of 6.34%. The business had revenue of $4.04 billion for the quarter, compared to analysts' expectations of $4.65 billion. During the same quarter in the previous year, the business posted $1.87 EPS. As a group, research analysts forecast that Lincoln National Corporation will post 7.69 EPS for the current fiscal year.

Lincoln National Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Thursday, July 10th were paid a $0.45 dividend. The ex-dividend date was Thursday, July 10th. This represents a $1.80 annualized dividend and a yield of 4.5%. Lincoln National's payout ratio is presently 31.41%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on LNC shares. JPMorgan Chase & Co. boosted their target price on Lincoln National from $38.00 to $41.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 8th. Cfra Research upgraded Lincoln National to a "hold" rating in a research report on Wednesday, August 6th. Piper Sandler decreased their target price on Lincoln National from $38.00 to $36.00 and set a "neutral" rating for the company in a research report on Friday, May 9th. Keefe, Bruyette & Woods boosted their target price on Lincoln National from $40.00 to $42.00 and gave the stock a "market perform" rating in a research report on Monday, August 4th. Finally, Morgan Stanley boosted their target price 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. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $39.22.

Institutional Investors Weigh In On Lincoln National

Institutional investors have recently bought and sold shares of the company. Hollencrest Capital Management lifted its stake in Lincoln National by 383.2% in the 1st quarter. Hollencrest Capital Management now owns 749 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 594 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in Lincoln National in the 2nd quarter valued at approximately $28,000. Ameritas Advisory Services LLC bought a new stake in Lincoln National in the 2nd quarter valued at approximately $29,000. Kapitalo Investimentos Ltda bought a new stake in Lincoln National in the 4th quarter valued at approximately $32,000. Finally, NBC Securities Inc. bought a new stake in Lincoln National in the 1st quarter valued at approximately $33,000. Institutional investors own 72.81% of the company's stock.

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.