Lincoln National Co. (NYSE:LNC) saw some unusual options trading on Thursday. Stock traders acquired 5,156 put options on the stock. This represents an increase of 841% compared to the typical daily volume of 548 put options.
NYSE:LNC opened at $55.24 on Friday. Lincoln National has a 52-week low of $48.07 and a 52-week high of $86.68. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.19 and a current ratio of 0.19. The firm has a market cap of $11.64 billion, a price-to-earnings ratio of 7.09 and a beta of 1.89.
Lincoln National (NYSE:LNC) last posted its quarterly earnings data on Thursday, November 1st. The financial services provider reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.17. Lincoln National had a return on equity of 11.61% and a net margin of 13.14%. The firm had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.25 billion. During the same quarter in the prior year, the business earned $1.87 EPS. The business’s revenue for the quarter was up 21.4% compared to the same quarter last year. On average, analysts expect that Lincoln National will post 8.51 earnings per share for the current year.
In other news, EVP Jamie Ohl sold 2,152 shares of the company’s stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $58.00, for a total value of $124,816.00. Following the sale, the executive vice president now directly owns 12,732 shares in the company, valued at approximately $738,456. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.12% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Jupiter Asset Management Ltd. lifted its holdings in Lincoln National by 1.8% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 44,873 shares of the financial services provider’s stock worth $3,035,000 after buying an additional 786 shares in the last quarter. Franklin Street Advisors Inc. NC lifted its stake in shares of Lincoln National by 16.7% in the 3rd quarter. Franklin Street Advisors Inc. NC now owns 6,026 shares of the financial services provider’s stock valued at $408,000 after purchasing an additional 863 shares during the period. AGF Investments Inc. lifted its stake in shares of Lincoln National by 0.3% in the 3rd quarter. AGF Investments Inc. now owns 295,876 shares of the financial services provider’s stock valued at $20,019,000 after purchasing an additional 878 shares during the period. Crossmark Global Holdings Inc. lifted its stake in shares of Lincoln National by 3.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 29,241 shares of the financial services provider’s stock valued at $1,978,000 after purchasing an additional 883 shares during the period. Finally, Pinnacle Financial Partners Inc. lifted its stake in shares of Lincoln National by 3.1% in the 3rd quarter. Pinnacle Financial Partners Inc. now owns 29,143 shares of the financial services provider’s stock valued at $1,972,000 after purchasing an additional 888 shares during the period. 80.48% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently commented on LNC. Wells Fargo & Co began coverage on Lincoln National in a research report on Tuesday. They set a “market perform” rating and a $63.00 price target on the stock. Zacks Investment Research lowered Lincoln National from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, ValuEngine lowered Lincoln National from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $74.69.
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Lincoln National Company Profile
Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The company sells a range of wealth protection, accumulation, and retirement income products and solutions.
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