Lincoln National Target of Unusually High Options Trading (NYSE:LNC)

Lincoln National Co. (NYSE:LNC) saw unusually large options trading on Monday. Stock investors acquired 4,367 put options on the stock. This represents an increase of 1,422% compared to the average daily volume of 287 put options.

Several equities research analysts have issued reports on LNC shares. Morgan Stanley cut their target price on Lincoln National from $76.00 to $75.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 20th. Barclays set a $69.00 price target on Lincoln National and gave the company a “buy” rating in a research note on Monday, August 12th. Citigroup lowered their price target on Lincoln National from $75.00 to $70.00 and set a “buy” rating for the company in a report on Friday, September 13th. Wells Fargo & Co cut their price objective on Lincoln National from $69.00 to $65.00 and set a “market perform” rating for the company in a research report on Tuesday, October 8th. Finally, UBS Group raised their price objective on Lincoln National from $55.00 to $56.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Lincoln National currently has a consensus rating of “Hold” and a consensus target price of $70.63.

Several hedge funds and other institutional investors have recently modified their holdings of LNC. Rational Advisors LLC boosted its holdings in Lincoln National by 225.0% during the 2nd quarter. Rational Advisors LLC now owns 442 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 306 shares during the period. Horan Capital Advisors LLC. purchased a new position in shares of Lincoln National in the third quarter valued at approximately $35,000. Reilly Financial Advisors LLC acquired a new position in shares of Lincoln National in the third quarter valued at approximately $36,000. Meeder Asset Management Inc. acquired a new position in shares of Lincoln National in the second quarter valued at approximately $39,000. Finally, Stonebridge Capital Advisors LLC acquired a new position in shares of Lincoln National in the second quarter valued at approximately $44,000. 80.36% of the stock is owned by institutional investors and hedge funds.

Shares of LNC stock opened at $58.58 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.21 and a current ratio of 0.21. The firm has a market cap of $11.71 billion, a P/E ratio of 6.91, a P/E/G ratio of 0.99 and a beta of 1.97. The firm’s 50 day moving average price is $59.48 and its 200-day moving average price is $60.30. Lincoln National has a one year low of $48.07 and a one year high of $67.52.

Lincoln National (NYSE:LNC) last posted its earnings results on Wednesday, October 30th. The financial services provider reported ($0.25) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.41 by ($2.66). The company had revenue of $4.70 billion during the quarter, compared to analyst estimates of $4.47 billion. Lincoln National had a net margin of 4.82% and a return on equity of 10.64%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the business posted $2.34 EPS. As a group, research analysts predict that Lincoln National will post 6.63 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, February 1st. Stockholders of record on Friday, January 10th will be given a dividend of $0.40 per share. This is a positive change from Lincoln National’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Thursday, January 9th. Lincoln National’s dividend payout ratio (DPR) is currently 17.45%.

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 Annuities segment offers variable, fixed, and indexed variable annuities.

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