LSV Asset Management recently announced the acquisition of new stake in Lincoln National Corporation (NYSE:LNC). The institutional investor has increased its shareholding in the Financial company by 5.15% to 5.52 million shares with purchase of 0.27 million shares. This fresh investment now brings its stake to 2.86% valued currently at $205.73 million. In addition, Dodge & Cox raised its holdings by 4.37 million to 5.5 million shares. And Lyrical Asset Management LP has lifted its position by 3.38% or 0.16 million shares – to 4.79 million shares.
With over 1.11 million Lincoln National Corporation (LNC) shares trading Tuesday and a closing price of $36.45 on the day, the dollar volume was approximately $40.38 million. The shares have shown a negative weekly performance of -0.63% and its price on 08/25/20 lost nearly -0.79%. Currently, there are 193.23M common shares owned by the public and among those 181.88M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 12 analysts who have offered their price forecasts for LNC have a consensus price objective of $44.64. The analysts have set the share’s price value over the next 12 months at a high of $73.00 and a low of $35.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Lincoln National Corporation stock is 2.30 for the next 12 months. The average price target is 17.83% above its last price level and an upside to the estimated low will see the stock lose -4.14% over that period. But an upside of 50.07% will see the stock hit the forecast high price target while mean target price for the stock is $43.00.
Insiders at the company have transacted a total of 48 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 26 of these insider trades were purchases, accounting for 241,185 shares. Insider sales of the common stock occurred on 22 occasions, with total insider shares sold totaling 72,564 shares.
The top 3 mutual fund holders in Lincoln National Corporation are Vanguard Total Stock Market Index, Vanguard Mid Cap Index Fund, and Fidelity Low Priced Stock Fund. Vanguard Total Stock Market Index owns 5.51 million shares of the company’s stock, all valued at over $205.27 million. The company sold 3519.0 shares recently to bring their total holdings to about 2.85% of the shares outstanding. Vanguard Mid Cap Index Fund sold 39435.0 shares to see its total holdings shrink to 4.73 million shares valued at over $176.46 million and representing 2.45% of the shares outstanding. Fidelity Low Priced Stock Fund bought 0.27 million shares to bring its total holdings to over 4.5 million shares at a value of $167.58 million. Fidelity Low Priced Stock Fund now owns shares totaling to 2.33% of the shares outstanding.
Shares of Lincoln National Corporation (NYSE: LNC) opened at $37.24, up $0.5 from a prior closing price of $36.74. However, the script later closed the day at $36.45, down -0.79%. The company’s stock has a 5-day price change of -0.63% and -10.64% over the past three months. LNC shares are trading -38.23% year to date (YTD), with the 12-month market performance down to -30.49% lower. It has a 12-month low price of $16.11 and touched a high of $62.95 over the same period. Currently, 1.11 million shares have been traded, compared to an average intraday trading volume of 1.99 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.69%, -1.95%, and -16.55% respectively.
Institutional ownership of Lincoln National Corporation (NYSE: LNC) shares accounts for 80.70% of the company’s 193.23M shares outstanding. Mutual fund holders own 37.29%, while other institutional holders and individual stakeholders account for 43.24% and 2.69% respectively.
It has a market capitalization of $7.21B and a beta (3y monthly) value of 2.24. The stock’s trailing 12-month PE ratio is 34.58, while the earnings-per-share (ttm) stands at $1.05. The company has a PEG of 3.50 and the debt-to-equity ratio at 0.32. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.32% over the week and 4.43% over the month.
Analysts forecast that Lincoln National Corporation (LNC) will achieve an EPS of $2.24 for the current quarter, $2.31 for the next quarter and $9.72 for 2021. The lowest estimate earnings-per-share for the quarter is $1.88 while analysts give the company a high EPS estimate of $2.5. Comparatively, EPS for the current quarter was -$0.25 a year ago. Earnings per share for the fiscal year are expected to decrease by -41.80%, and 24.82% over the next financial year. EPS should grow at an annualized rate of 9.88% over the next five years, compared to -5.30% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 12 brokerage firm advisors rate Lincoln National Corporation (LNC) as a “Moderate Buy” at a consensus score of 2.30. Specifically, 6 Wall Street analysts polled rate the stock as a buy, while 6 of the 12 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the LNC, a number of firms have released research notes about the stock. BofA/Merrill stated their Buy rating for the stock in a research note on June 01, 2020, with the firm’s price target at. Citigroup coverage for the Lincoln National Corporation (LNC) stock in a research note released on April 17, 2020 offered a Neutral rating with a price target of $30. RBC Capital Mkts was of a view on March 20, 2020 that the stock is Sector Perform, while Piper Sandler gave the stock Neutral rating on March 10, 2020, issuing a price target of $60- $36. Morgan Stanley on their part issued Overweight rating on January 07, 2020.