Lincoln National Corp. (NYSE: LNC) is 7.04% higher on its value in year-to-date trading and has touched a low of $20.85 and a high of $36.46 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 $29.14 in the last trading session, with the day’s loss setting it -0.27%.
Currently trading at $28.87, the stock is -6.77% and -7.92% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.82 million and changing -0.93% at the moment leaves the stock -0.72% off its SMA200. LNC registered 12.47% gain for a year compared to 6-month gain of 6.18%.
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The stock witnessed a -2.43% loss in the last 1 month and extending the period to 3 months gives it a -10.48%, and is -8.90% down 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 3.86% over the week and 2.36% over the month.
Lincoln National Corp. (LNC) has around 11024 employees, a market worth around $4.91B and $16.54B in sales. Current P/E ratio is 3.04 and Fwd P/E is 3.86. Profit margin for the company is 9.96%. Distance from 52-week low is 38.47% and -20.82% from its 52-week high. The company has generated returns on investments over the last 12 months (12.06%).
The EPS is expected to grow by 9.82% this year.
Lincoln National Corp. (LNC) Top Institutional Holders
683.0 institutions hold shares in Lincoln National Corp. (LNC), with institutional investors hold 75.89% of the company’s shares. The shares outstanding are 169.67M, and float is at 168.06M with Short Float at 2.09%. Institutions hold 75.66% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 20.71 million shares valued at $644.08 million. The investor’s holdings represent 12.1787% of the LNC Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 16.27 million shares valued at $505.94 million to account for 9.5666 of the shares outstanding. The other top investors are STATE STREET CORP which holds 6.15 million shares representing 3.6154% and valued at over $191.2 million, while MASSACHUSETTS FINANCIAL SERVICES CO /MA/ holds 2.6878 of the shares totaling 4.57 million with a market value of $142.15 million.
Lincoln National Corp. (LNC) Insider Activity
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Still, SEC filings show that on May 28 ’24, Woodroffe Sean (EVP, Ch Ppl Culture Comms Off) disposed off 55,127 shares at an average price of $32.57 for $1.8 million. The insider now directly holds 198,255 shares of Lincoln National Corp. (LNC).
