Lincoln National (NYSE:LNC) Issues Quarterly Earnings Results

Lincoln National (NYSE:LNC) issued its earnings results on Thursday. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.07, Briefing.com reports. The company had revenue of $5.15 billion during the quarter, compared to analyst estimates of $4.65 billion. Lincoln National had a net margin of 12.24% and a return on equity of 17.13%. During the same quarter last year, the business posted $2.02 EPS.

Lincoln National Price Performance

NYSE:LNC traded down $4.03 during mid-day trading on Friday, reaching $30.02. The stock had a trading volume of 4,210,155 shares, compared to its average volume of 1,314,085. The stock has a market capitalization of $5.10 billion, a P/E ratio of 4.11, a P/E/G ratio of 0.29 and a beta of 1.84. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.26 and a current ratio of 0.27. Lincoln National has a one year low of $20.85 and a one year high of $36.46. The firm has a 50 day moving average price of $32.01 and a two-hundred day moving average price of $29.65.

Lincoln National Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.00%. The ex-dividend date of this dividend was Wednesday, July 10th. Lincoln National’s dividend payout ratio is currently 24.62%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on LNC shares. Keefe, Bruyette & Woods lifted their price objective on shares of Lincoln National from $30.00 to $32.00 and gave the company a “market perform” rating in a research note on Wednesday, April 10th. Piper Sandler upped their target price on shares of Lincoln National from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, June 28th. Evercore ISI increased their price objective on shares of Lincoln National from $33.00 to $35.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. Wells Fargo & Company cut their price target on shares of Lincoln National from $28.00 to $27.00 and set an “equal weight” rating for the company in a research note on Friday, May 10th. Finally, StockNews.com raised shares of Lincoln National from a “sell” rating to a “hold” rating in a research report on Monday, April 15th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $31.18.

Insider Buying and Selling at Lincoln National

In other news, EVP Sean Woodroffe sold 55,127 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $32.57, for a total value of $1,795,486.39. Following the transaction, the executive vice president now owns 198,255 shares in the company, valued at $6,457,165.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.54% 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.