Lincoln National Co. Plans Quarterly Dividend of $0.45 (NYSE:LNC)

Lincoln National Co. (NYSE:LNC) declared a quarterly dividend on Thursday, November 14th,RTT News reports. Investors of record on Friday, January 10th will be given a dividend of 0.45 per share by the financial services provider on Monday, February 3rd. This represents a $1.80 annualized dividend and a yield of 5.67%. The ex-dividend date of this dividend is Friday, January 10th.

Lincoln National has increased its dividend payment by an average of 2.3% per year over the last three years. Lincoln National has a dividend payout ratio of 21.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Lincoln National to earn $7.60 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 23.7%.

Lincoln National Price Performance

Lincoln National stock opened at $31.77 on Wednesday. Lincoln National has a 12 month low of $25.09 and a 12 month high of $36.98. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.73. The business’s 50 day simple moving average is $33.64 and its 200 day simple moving average is $32.23. The company has a market cap of $5.41 billion, a price-to-earnings ratio of 22.69, a PEG ratio of 0.29 and a beta of 1.78.

Lincoln National (NYSE:LNC) last posted its quarterly earnings data on Thursday, October 31st. The financial services provider reported $2.06 EPS for the quarter, beating the consensus estimate of $1.64 by $0.42. Lincoln National had a return on equity of 18.15% and a net margin of 2.51%. The business had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.61 billion. During the same quarter in the prior year, the business earned $0.23 earnings per share. Lincoln National’s revenue for the quarter was down 2.2% on a year-over-year basis. Sell-side analysts forecast that Lincoln National will post 7.03 EPS for the current year.

Insider Buying and Selling at Lincoln National

In other Lincoln National news, EVP John Christopher Kennedy sold 2,863 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $36.00, for a total transaction of $103,068.00. Following the completion of the sale, the executive vice president now directly owns 99,644 shares in the company, valued at $3,587,184. This represents a 2.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. TD Cowen increased their target price on Lincoln National from $34.00 to $37.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. Barclays dropped their target price on Lincoln National from $38.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Monday. Piper Sandler dropped their target price on Lincoln National from $37.00 to $34.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 2nd. StockNews.com raised shares of Lincoln National from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company upped their price target on shares of Lincoln National from $28.00 to $29.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Lincoln National presently has a consensus rating of “Hold” and an average price target of $33.25.

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.