Lincoln National (NYSE:LNC) Stock Price Down 5.9%

Lincoln National Co. (NYSE:LNC - Get Free Report) fell 5.9% on Thursday . The stock traded as low as $25.80 and last traded at $26.07. 1,521,260 shares were traded during mid-day trading, a decline of 19% from the average session volume of 1,874,454 shares. The stock had previously closed at $27.69.

Wall Street Analyst Weigh In

LNC has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their target price on shares of Lincoln National from $26.00 to $29.00 and gave the stock an "underweight" rating in a research report on Tuesday, April 2nd. Jefferies Financial Group raised shares of Lincoln National from an "underperform" rating to a "hold" rating in a research note on Monday, February 12th. Piper Sandler upped their price target on shares of Lincoln National from $28.00 to $32.00 and gave the stock a "neutral" rating in a research report on Friday, April 5th. Wells Fargo & Company increased their price target on Lincoln National from $26.00 to $28.00 and gave the company an "equal weight" rating in a report on Thursday, April 11th. Finally, TheStreet cut Lincoln National from a "c" rating to a "d+" rating in a research note on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $28.45.

Lincoln National Price Performance

The business has a fifty day moving average of $28.45 and a 200 day moving average of $26.53. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.26 and a quick ratio of 0.26. The stock has a market cap of $4.58 billion, a PE ratio of -5.39, a P/E/G ratio of 0.17 and a beta of 1.80.

Lincoln National (NYSE:LNC - Get Free Report) last released its earnings results on Thursday, February 8th. The financial services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.32 by $0.13. Lincoln National had a positive return on equity of 20.81% and a negative net margin of 6.46%. The company had revenue of $1.97 billion during the quarter, compared to analysts' expectations of $4.44 billion. Sell-side analysts anticipate that Lincoln National Co. will post 6.47 earnings per share for the current year.

Lincoln National Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th were paid a dividend of $0.45 per share. The ex-dividend date was Tuesday, April 9th. This represents a $1.80 dividend on an annualized basis and a yield of 6.69%. Lincoln National's dividend payout ratio (DPR) is -36.07%.

Insider Transactions at Lincoln National

In other news, Director Owen Ryan acquired 10,000 shares of the business's stock in a transaction on Friday, February 9th. The shares were purchased at an average price of $25.90 per share, for a total transaction of $259,000.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company's stock, valued at approximately $259,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.54% of the company's stock.

Institutional Trading of Lincoln National

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Lincoln National by 5.3% during the 4th quarter. Vanguard Group Inc. now owns 21,688,670 shares of the financial services provider's stock worth $584,943,000 after purchasing an additional 1,094,789 shares during the period. Hsbc Holdings PLC increased its position in Lincoln National by 2,107.9% in the third quarter. Hsbc Holdings PLC now owns 4,279,462 shares of the financial services provider's stock worth $105,703,000 after buying an additional 4,085,637 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in Lincoln National by 53.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 3,157,195 shares of the financial services provider's stock valued at $77,951,000 after buying an additional 1,098,532 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Lincoln National by 8.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,127,550 shares of the financial services provider's stock valued at $57,383,000 after acquiring an additional 166,256 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Lincoln National by 5.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,068,422 shares of the financial services provider's stock worth $55,785,000 after acquiring an additional 107,769 shares during the last quarter. Institutional investors own 72.81% of the company's stock.

About Lincoln National

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.