Lincoln National Co. (LNC) EVP Jamie Ohl Sells 7,263 Shares

Lincoln National Co. (NYSE:LNC) EVP Jamie Ohl sold 7,263 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $61.70, for a total transaction of $448,127.10. Following the completion of the transaction, the executive vice president now directly owns 23,159 shares of the company’s stock, valued at $1,428,910.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of NYSE LNC traded up $0.98 on Friday, reaching $62.72. 2,930,450 shares of the company’s stock traded hands, compared to its average volume of 1,888,291. Lincoln National Co. has a 12 month low of $48.07 and a 12 month high of $78.35. The company has a market capitalization of $12.66 billion, a price-to-earnings ratio of 7.40, a P/E/G ratio of 0.74 and a beta of 1.93. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.19 and a current ratio of 0.19.

Lincoln National (NYSE:LNC) last announced its earnings results on Wednesday, February 6th. The financial services provider reported $2.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.13 by $0.02. Lincoln National had a net margin of 9.92% and a return on equity of 12.41%. The business had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter last year, the firm earned $1.98 earnings per share. The business’s revenue for the quarter was up 16.4% on a year-over-year basis. On average, analysts forecast that Lincoln National Co. will post 9.16 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Tuesday, April 9th. Lincoln National’s dividend payout ratio is 17.45%.

Several hedge funds and other institutional investors have recently made changes to their positions in LNC. JPMorgan Chase & Co. increased its stake in shares of Lincoln National by 59.7% during the third quarter. JPMorgan Chase & Co. now owns 11,919,511 shares of the financial services provider’s stock valued at $806,475,000 after purchasing an additional 4,457,743 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Lincoln National by 5,290.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,956,873 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 3,883,468 shares in the last quarter. Norges Bank bought a new position in shares of Lincoln National during the fourth quarter valued at approximately $197,189,000. Millennium Management LLC increased its stake in shares of Lincoln National by 148.9% during the fourth quarter. Millennium Management LLC now owns 1,180,277 shares of the financial services provider’s stock valued at $60,560,000 after purchasing an additional 706,124 shares in the last quarter. Finally, Prudential Financial Inc. increased its stake in shares of Lincoln National by 109.4% during the fourth quarter. Prudential Financial Inc. now owns 1,328,483 shares of the financial services provider’s stock valued at $68,165,000 after purchasing an additional 694,063 shares in the last quarter. 78.96% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Lincoln National from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a research note on Monday, December 10th. ValuEngine raised shares of Lincoln National from a “strong sell” rating to a “sell” rating in a research note on Wednesday, February 27th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $74.69.

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About Lincoln National

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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