As of Friday close, Lincoln National Corporation’s (NYSE:LNC) stock was down -$0.37, moving down -1.48 percent to $24.65. The average number of shares traded per day over the past five days has been 2,181,860 shares. 3 times new highs have been achieved over the past 5 days, with a -$1.38 fall in that time frame. In the last twenty days, the average volume was 4,339,860, while in the previous 50 days, it was 3,046,638.
Since last month, LNC stock retreated -3.75%. Shares of the company fell to $24.56 on 09/11/23, the lowest level in the past month. A 52-week high of $54.59 was reached on 02/02/23 after having rallying from a 52-week low of $18.50. Since the beginning of this year, LNC’s stock price has dropped by -19.76% or -$6.07, and marked a new high 10 times. However, the stock has declined by -54.85% since its 52-week high.
LNC stock investors should be aware that Lincoln National Corporation (LNC) stock had its last reported insider trading activity 135 days ago on May 11. KELLY GARY C, the Director of the company, purchased of 7,838 shares for $25.52 on May 11. It resulted in a $200,025 investment by the insider. Kennedy John Christopher sold 1,500 shares at an average price of $30.79 on Dec 15. The insider now owns 20,336 shares following the transaction. On Nov 18, Director Connelly Deirdre P bought 3,000 shares at $37.41 apiece. The transaction was valued at $112,230.
Valuation Metrics
The stock’s beta is 1.79. Besides these, the trailing price-to-sales (P/S) ratio of 0.24, the price-to-book (PB) ratio of 0.87, and the price-to-cash flow ratio of 3.84 may also be considered.
The latest dividend of $0.45 per share was paid out, remained unchanged from last year’s $0.45. On Wednesday November 3 2021, a $0.03 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.23, and the total debt-to-equity ratio was 1.34. In the year ended June 29, operating margins totaled -19.20%.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -16.90%. Return on equity (ROE) for the past 12 months was -70.70%.
LNC’s revenue fell -74.26% to $3.81 billion during the quarter, while net income inched up to $2.93 billion. While analysts expected Lincoln National Corporation to report $1.85 quarterly earnings, the actual figure was $2.02 per share, beating the consensus estimate by 9.20%. The value of shareholders’ equity is $169.64 million.
Technical Picture
This quick technical analysis looks at Lincoln National Corporation’s (LNC) price momentum. With a historical volatility rate of 37.64%, the RSI 9-day stood at 39.53% on 22 September.
With respect to its five-day moving average, the current Lincoln National Corporation price is down by -5.30% percent or -$1.38. At present, LNC shares trade -3.67% below its 20-day simple moving average and +13.70% percent above its 100-day simple moving average. However, the stock is currently trading approximately -8.23% below its SMA50 and -34.68% below its SMA200.
Stochastic coefficient K was 28.41% and Stochastic coefficient D was 56.50%, while ATR was 0.88. Given the Stochastic reading of 3.80% for the 14-day period, the RSI (14) reading has been calculated as 42.30%. As of today, the MACD Oscillator reading stands at -0.28, while the 14-day reading stands at -0.16.
Analyst Ratings
Lincoln National Corporation (LNC) has been rated Hold by analysts. According to 3 brokerage firms, LNC is a sell, and 11 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Lincoln National Corporation stock as buy, with 1 recommending it as overweight.
With a median target price of $27.00, the current consensus forecast for the stock is $18.00 – $32.00. Based on these forecasts, analysts predict Lincoln National Corporation (LNC) will achieve an average price target of $26.25.
