Lincoln National Corp. (NYSE:LNC) finished Wednesday with a subtraction of -$0.04 to close at $23.96, a downside of -0.17 percent. An average of 1,923,540 shares of common stock have been traded in the last five days. There was a fall of -$2.07 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 4,365,485 shares traded, while the 50-day average volume stands at 3,019,054.
LNC stock has decreased by -5.71% in the last month. The company shares reached their 1-month lowest point of $23.75 on 09/27/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $18.50 and a high of $54.59 in 52 weeks. It has reached a new high 10 times so far this year and lost -22.01% or -$6.76 in price. In spite of this, the price is down -56.11% from the 52-week high.
Insider Transactions
LNC stock investors should be aware that Lincoln National Corp. (LNC) stock had its last reported insider trading activity 287 days ago on May 11.
Valuation Metrics
Lincoln National Corp. (LNC) stock’s beta is 1.79. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.23, the price-to-book (PB) ratio at 0.84, and the price-to-cash flow ratio at 3.79.
Financial Health
Further, the company has a long term debt to equity ratio of 1.02 and a total debt to equity ratio of 1.11 for the quarter ending June 29.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Lincoln National Corp.’s return on assets was -0.91%.
Earnings Surprise
The company posted a net income of $502.0 million in the quarter, while revenues were grew 52.59%. The analyst consensus anticipated Lincoln National Corp.’s latest quarter earnings to come in at $1.85 per share, but it turned out to be $2.02, a 9.20% surprise. At the end of the quarter ending June 29, Lincoln National Corp.’s stock balance sheet showed total debt was $7.55 billion. Shareholders own equity worth $169.64 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Lincoln National Corp. (LNC) price momentum. RSI 9-day as of the close on 27 September was 34.64%, suggesting the stock is Neutral, with historical volatility in this time frame at 31.17%.
As of today, LNC’s price is $24.50 -7.95% or -$2.07 from its 5-day moving average. LNC is currently trading -7.78% lower than its 20-day SMA and +23.82% higher than its 100-day SMA. However, the stock’s current price level is -11.06% below the SMA50 and -23.82% below the SMA200.
The stochastic %K and %D were 8.34% and 9.83%, respectively, and the average true range (ATR) was 0.82. With the 14-day stochastic at 6.60% and the average true range at 0.84, the RSI (14) stands at 38.63%. The stock has reached -0.95 on the 9-day MACD Oscillator while the 14-day reading was at -0.92.
Analyst Ratings
The consensus rating for Lincoln National Corp. (LNC) among analysts is Hold. According to current brokerage recommendations, 3 brokerage firms advise that investors sell LNC, while 11 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is LNC’s price target for the next 12 months?
Analysts predict a range of price targets between $18.00 and $32.00, with a median target of $27.00. Taking a look at these predictions, the average price target given by analysts for Lincoln National Corp. (LNC) stock is $26.25.
