Lincoln National Corporation (NYSE:LNC) saw an upside of 2.71% to close Monday at $27.65 after adding $0.73 on the day. The 5-day average trading volume is 3,266,840 shares of the company’s common stock. It has gained $29.22 in the past week and touched a new high 2 times within the past 5 days. An average of 2,551,800 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,614,920.
LNC’s 1-month performance is 6.02% or $1.57 on its low of $25.75 reached on 07/10/23. The company’s shares have touched a 52-week low of $18.50 and high of $54.59, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, LNC has lost -9.99% or -$3.07 and has reached a new high 10 times. However, the current price is down -49.35% from the 52-week high price.
Insider Transactions
LNC stock investors last saw insider trading activity on May 11.Kennedy John Christopher (EVP, President LFD) most recently sold 1,500 shares at $30.79 per share on Dec 15. This transaction cost the insider $46,185.
Valuation Metrics
LNC stock has a beta of 1.80. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.28 while the price-to-book (PB) in the most recent quarter is 0.97, with the price to cash flow ratio at 6.34.
As well, the company’s long term debt to equity for the quarter ending June 29 was 1.23, while the total debt to equity was 1.34.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income grew 52.59% to $502.0 million, while revenue of -$909.0 million was 281.08% off the previous quarter. Analysts expected LNC to announce $1.85 per share in earnings in its latest quarter, but it posted $2.02, representing a 9.20% surprise. Shareholders hold equity totaling $169.64 million.
Let’s look briefly at Lincoln National Corporation (LNC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 54.05% to suggest the stock is trending Neutral, with historical volatility in this time period at 34.25%.
The stock’s 5-day moving average is $27.74, reflecting a -1.39% or -$0.39 change from its current price. LNC is currently trading +6.63% above its 20-day SMA, +17.56% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +30.86% and SMA200 by-44.20%.
Stochastic %K and %D was 44.84% and 56.30% and the average true range (ATR) pointed at 1.08. The RSI (14) points at 57.00%, while the 14-day stochastic is at 48.86% with the period’s ATR at 1.02. The stock’s 9-day MACD Oscillator is pointing at -0.28 and -0.14 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for LNC stock have a consensus rating for the stock as Hold. Currently, 3 brokerage advisors rate LNC as a “sell,”, while 12 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is LNC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $17.00 and a high of $32.00, with their median price target at $27.00. Looking at these predictions, the average price target given by analysts is for Lincoln National Corporation (LNC) stock is $25.77.
