Lincoln National Corporation (LNC) Price Target: Is It Set To Rise Or Fall In Price?

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KOSK
KOSK

Lincoln National Corporation (NYSE:LNC) finished Wednesday with a subtraction of -$0.51 to close at $47.99, a downside of -1.05 percent. An average of 1,948,120 shares of common stock have been traded in the last five days. There was a fall of -$1.02 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 1,748,985 shares traded, while the 50-day average volume stands at 1,713,172.

LNC stock has increased by 0.78% in the last month. The company shares reached their 1-month lowest point of $45.01 on 09/01/22. With the stock rallying to its 52-week high on 02/10/22, shares of the company touched a low of $44.89 and a high of $77.57 in 52 weeks. It has reached a new high 9 times so far this year and lost -29.70% or -$20.27 in price. In spite of this, the price is down -38.13% from the 52-week high.


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Insider Transactions

114 days have passed since Lincoln National Corporation (LNC) last reported insider trading activity. GLASS DENNIS R, who is Director, most recently acquired $50,000 shares at $58.13 per share on May 31. In this transaction, the insider spent $2,906,500. EVP, President LFD, Kennedy John Christopher, disposed of 10,922 shares at a price of $73.52 on Nov 11. The insider now owns more than $802,985 worth of shares. Prior to that, EVP & CFO Freitag Randal J went on to Sale 61,430 shares at $73.05 each on Nov 08. An amount of $4,487,462 was transacted.

Valuation Metrics

Lincoln National Corporation (LNC) has a trailing price-to-earnings (P/E) ratio of 9.27. The stock’s beta is 1.85. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.43, the price-to-book (PB) ratio at 0.89, and the price-to-cash flow ratio at 3.02.

The company has a payout ratio of 33.10%. The company’s most recent quarterly dividend payment was $0.45 a share, without any change from last year. Its latest increase dividend $0.03 reported on Wednesday November 3 2021.

Financial Health

Further, the company has a long term debt to equity ratio of 0.71 and a total debt to equity ratio of 0.71 for the quarter ending March 30.

Earnings Surprise

The company posted a net income of $238.0 million in the quarter, while revenues were shrunk -169.75%. The analyst consensus anticipated Lincoln National Corporation’s latest quarter earnings to come in at $1.81 per share, but it turned out to be $1.66, a -8.30% surprise. At the end of the quarter ending March 30, Lincoln National Corporation’s stock balance sheet showed total debt was $7.29 billion. Shareholders own equity worth $170.23 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Lincoln National Corporation (LNC) price momentum. RSI 9-day as of the close on 21 September was 45.87%, suggesting the stock is Neutral, with historical volatility in this time frame at 40.47%.

As of today, LNC’s price is $48.59 -2.08% or -$1.02 from its 5-day moving average. LNC is currently trading -0.35% lower than its 20-day SMA and -23.47% lower than its 100-day SMA. However, the stock’s current price level is +0.40% above the SMA50 and -26.79% below the SMA200.

The stochastic %K and %D were 50.06% and 51.51%, respectively, and the average true range (ATR) was 1.73. With the 14-day stochastic at 42.42% and the average true range at 1.71, the RSI (14) stands at 47.42%. The stock has reached -0.75 on the 9-day MACD Oscillator while the 14-day reading was at 0.08.

Analyst Ratings

Wolfe Research downgraded Lincoln National Corporation (NYSE: LNC) to a a Peer perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform.

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