Lincoln National Co. (NYSE:LNC) Sees Significant Increase in Short Interest

Lincoln National Co. (NYSE:LNC) saw a large increase in short interest in June. As of June 30th, there was short interest totalling 4,910,000 shares, an increase of 12.2% from the May 30th total of 4,375,100 shares. Currently, 2.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,360,000 shares, the short-interest ratio is currently 3.6 days.

LNC traded down $0.48 during trading hours on Monday, reaching $66.41. The company’s stock had a trading volume of 800,334 shares, compared to its average volume of 1,616,780. Lincoln National has a fifty-two week low of $48.07 and a fifty-two week high of $71.27. The stock has a market cap of $13.49 billion, a PE ratio of 7.83, a PEG ratio of 0.80 and a beta of 1.89. The business has a 50-day moving average of $63.54. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.34.

Lincoln National (NYSE:LNC) last released its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.06. Lincoln National had a return on equity of 12.32% and a net margin of 9.02%. The firm had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.25 billion. During the same period in the prior year, the firm posted $1.97 earnings per share. The firm’s quarterly revenue was up 19.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Lincoln National will post 9.28 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Tuesday, July 9th. Lincoln National’s dividend payout ratio (DPR) is 17.45%.

Several research analysts have recently weighed in on LNC shares. JPMorgan Chase & Co. set a €28.20 ($32.79) target price on AXA and gave the stock a “buy” rating in a report on Thursday, May 2nd. UBS Group boosted their target price on Tableau Software to $134.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Zacks Investment Research cut HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 21st. Finally, Goldman Sachs Group set a GBX 6,870 ($89.77) target price on Reckitt Benckiser Group and gave the stock a “neutral” rating in a report on Tuesday, June 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $75.67.

In other news, Director Gary C. Kelly sold 17,040 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $66.63, for a total transaction of $1,135,375.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Christine A. Janofsky sold 7,928 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $62.62, for a total value of $496,451.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,206 shares of company stock valued at $2,920,586. 1.50% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans lifted its stake in Lincoln National by 1.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 9,559 shares of the financial services provider’s stock worth $490,000 after purchasing an additional 168 shares in the last quarter. Gemmer Asset Management LLC lifted its stake in Lincoln National by 89.7% during the first quarter. Gemmer Asset Management LLC now owns 423 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 200 shares in the last quarter. Capital Investment Advisory Services LLC lifted its stake in Lincoln National by 8.2% during the first quarter. Capital Investment Advisory Services LLC now owns 2,650 shares of the financial services provider’s stock worth $156,000 after purchasing an additional 200 shares in the last quarter. Signaturefd LLC lifted its stake in Lincoln National by 4.1% during the first quarter. Signaturefd LLC now owns 5,300 shares of the financial services provider’s stock worth $311,000 after purchasing an additional 209 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its stake in Lincoln National by 0.6% during the first quarter. Crossmark Global Holdings Inc. now owns 38,108 shares of the financial services provider’s stock worth $2,237,000 after purchasing an additional 228 shares in the last quarter. Institutional investors own 80.60% of the company’s stock.

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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