Lincoln National Corp (NYSE: LNC) is 19.10% higher on its value in year-to-date trading and has touched a low of $25.09 and a high of $36.98 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 $31.74 in the last trading session, with the day’s gains setting it 0.38%.
Currently trading at $32.12, the stock is -3.17% and -4.93% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.78 million and changing 1.20% at the moment leaves the stock 2.19% off its SMA200. LNC registered 17.66% gain for a year compared to 6-month gain of 2.82%. The firm has a 50-day simple moving average (SMA 50) of $33.8166 and a 200-day simple moving average (SMA200) of $31.4063.
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The stock witnessed a -10.05% loss in the last 1 month and extending the period to 3 months gives it a 2.26%, and is 5.14% 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 2.92% over the week and 2.42% over the month.
Lincoln National Corp (LNC) has around 11024 employees, a market worth around $5.47B and $14.59B in sales. Current P/E ratio is 22.79 and Fwd P/E is 4.17. Profit margin for the company is 1.83%. Distance from 52-week low is 27.99% and -13.14% from its 52-week high. The company has generated returns on investments over the last 12 months (1.79%).
with sales reaching $4.7B over the same period.The EPS is expected to grow by 27.84% this year, but quarterly earnings will post 14.82% year-over-year. Quarterly sales are estimated to grow 138.94% in year-over-year returns.
682.0 institutions hold shares in Lincoln National Corp (LNC), with institutional investors hold 75.04% of the company’s shares. The shares outstanding are 170.34M, and float is at 168.79M with Short Float at 2.45%. Institutions hold 74.81% 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
The most recent transaction is an insider sale by Kennedy John Christopher, the company’s EVP, President LFD. SEC filings show that Kennedy John Christopher sold 2,863 shares of the company’s common stock on Nov 07 ’24 at a price of $36.00 per share for a total of $0.1 million. Following the sale, the insider now owns 99644.0 shares.
Lincoln National Corp disclosed in a document filed with the SEC on Nov 07 ’24 that Woodroffe Sean (EVP, Ch Ppl Culture Comms Off) sold a total of 16,164 shares of the company’s common stock. The trade occurred on Nov 07 ’24 and was made at $35.67 per share for $0.58 million. Following the transaction, the insider now directly holds 0.2 million shares of the LNC stock.
Still, SEC filings show that on Nov 07 ’24, John Kennedy (Officer) Proposed Sale 2,863 shares at an average price of $36.00 for $0.1 million. The insider now directly holds shares of Lincoln National Corp (LNC).
