Lincoln National Corp. (NYSE: LNC) is 1.37% higher on its value in year-to-date trading and has touched a low of $18.50 and a high of $29.22 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LNC stock was last observed hovering at around $26.77 in the last trading session, with the day’s gains setting it 0.57%.
Currently trading at $27.34, the stock is 0.89% and 0.22% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.04 million and changing 2.13% at the moment leaves the stock 7.49% off its SMA200. LNC registered 18.30% gain for a year compared to 6-month gain of 9.14%. The firm has a 50-day simple moving average (SMA 50) of $0.70.
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The stock witnessed a -0.04% loss in the last 1 month and extending the period to 3 months gives it a 11.50%, and is 2.01% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.81% over the week and 2.96% over the month.
Lincoln National Corp. (LNC) has around 11024 employees, a market worth around $4.64B and $14.03B in sales. Fwd P/E is 3.61. Profit margin for the company is -5.95%. Distance from 52-week low is 47.78% and -6.43% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.56%).
Lincoln National Corp. quarterly earnings per share for the current quarter are estimated at $1.29 with sales reaching $4.62B over the same period.The EPS is expected to grow by 26.10% this year, but quarterly earnings will post 18.10% year-over-year. Quarterly sales are estimated to shrink -0.80% in year-over-year returns.
The shares outstanding are 169.67M, and float is at 167.14M with Short Float at 2.15%.
Lincoln National Corp. (LNC) Insider Activity
The most recent transaction is an insider purchase by Ryan Owen, the company’s Director. SEC filings show that Ryan Owen bought 10,000 shares of the company’s common stock on Feb 09 ’24 at a price of $25.90 per share for a total of $0.26 million. Following the purchase, the insider now owns 10000.0 shares.
Lincoln National Corp. disclosed in a document filed with the SEC on May 11 ’23 that KELLY GARY C (Director) bought a total of 7,838 shares of the company’s common stock. The trade occurred on May 11 ’23 and was made at $25.52 per share for $0.2 million. Following the transaction, the insider now directly holds 15007.0 shares of the LNC stock.
