The stock of Lincoln National Corporation (NYSE:LNC) decreased by -$0.58 on Tuesday to finish at $26.04, down -2.18 percent. The last five days have seen an average of 1,929,740 shares of common stock traded. 10 times new highs were reached in the current year, with a fall of -$4.68. The average number of shares traded over the last 20 days was 2,408,980, while the average volume over the last 50 days totaled 2,520,868.
LNC stock dropped -1.99% since last month. On 08/15/23, the company’s shares reached a one-month low of $25.78. The stock touched a high of $54.59 on 02/02/23, after rallying from a low of $18.50 in 52 weeks. The price of LNC stock has declined by -15.23% or -$4.68 this year, reaching a new high 10 times. Still, the stock price is down -52.30% from the 52-week high.
Insider Transactions
LNC stock investors should be aware that Lincoln National Corporation (LNC) stock had its last reported insider trading activity 97 days ago on May 11. On May 11, Director KELLY GARY C acquired 7,838 shares at $25.52 each. This transaction resulted in the insider spending $200,025. On Dec 15, Kennedy John Christopher sold 1,500 shares at a price of US$30.79. After the transaction, the insider now owns 20,336 shares. Director Connelly Deirdre P had earlier bought 3,000 shares on Nov 18 for $37.41 a share. The transaction was completed for $112,230.
Valuation Metrics
Beta for the stock is 1.80. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.25, the price-to-book (PB) ratio of 0.92, and the price-to-cash flow ratio of 4.03.
Company paid $0.45 per share in dividends, remained unchanged from $0.45 last year. A $0.03 dividend increase was reported on Wednesday November 3 2021.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.23, and the total debt to equity ratio is 1.34. Lincoln National Corporation’s operating margin stood at -19.20% for the same period.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. LNC’s return on assets (ROA) during the last 12 months has been -0.90%. There was a -16.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -70.70%.
Earnings Surprise
According to Lincoln National Corporation’s quarterly financial report for the quarter that ended June 29. Net income for the quarter came in at $2.93 billion, while revenues fell by -74.26% to $3.81 billion. It was predicted that Lincoln National Corporation’s quarterly earnings would be $2.02, but it ended up being $1.85, beating the consensus by 9.20%. At the end of Lincoln National Corporation’s most recent quarter ended June 29, its total debt was $7.55 billion. Equity owned by shareholders amounts to $169.64 million.
Technical Picture
Here’s a quick look at Lincoln National Corporation’s (LNC) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 37.61%, suggesting the stock is Neutral, with a 33.14% historical volatility rate.
The stochastic %K and %D were 15.66% and 15.06% respectively, while the average true range (ATR) was 1.01. Based on the 14-day stochastic reading of 7.56%, the RSI (14) reading is 44.19%. On the 9-day MACD Oscillator, the stock is at -0.46, and the 14-day reading is at -0.80.
Analyst Ratings
Analysts have assigned Lincoln National Corporation (LNC) an Hold rating. LNC is a stock that is recommended for selling by 3 brokerage firms, while 12 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is LNC’s price target for the next 12 months?
The current consensus forecast for the stock is between $18.00 and $32.00, with a median target price of $27.00. In analyzing these forecasts, the average price target given by analysts for Lincoln National Corporation (LNC) is $26.15.
