Lincoln National Corp. (LNC) concluded trading on Thursday at a closing price of $30.01, with 3.67 million shares of worth about $110.19 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 15.29% during that period and on March 21, 2024 the price saw a gain of about 6.53%. Currently the company’s common shares owned by public are about 169.67M shares, out of which, 167.14M shares are available for trading.
Stock saw a price change of 11.94% in past 5 days and over the past one month there was a price change of 11.23%. Year-to-date (YTD), LNC shares are showing a performance of 11.27% which increased to 33.20% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $18.50 but also hit the highest price of $29.22 during that period. The average intraday trading volume for Lincoln National Corp. shares is 1.87 million. The stock is currently trading 10.67% above its 20-day simple moving average (SMA20), while that difference is up 10.03% for SMA50 and it goes to 17.18% higher than SMA200.
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Lincoln National Corp. (NYSE: LNC) currently have 169.67M outstanding shares and institutions hold larger chunk of about 73.63% of that.
The stock has a current market capitalization of $5.09B and its 3Y-monthly beta is at 1.78. It has posted earnings per share of -$4.97 in the same period. It has a debt-to-equity ratio of 0.88. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LNC, volatility over the week remained 3.40% while standing at 3.18% over the month.
Analysts are in expectations that Lincoln National Corp. (LNC) stock would likely to be making an EPS of $1.3 in the current quarter, while forecast for next quarter EPS is $1.77 and it is $7.58 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.02 which is $1.54 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.52 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 25.83% while it is estimated to increase by 15.76% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on February 12, 2024 offering a Hold rating for the stock and assigned a target price of $2622 to it. Coverage by JP Morgan stated Lincoln National Corp. (LNC) stock as an Underweight in their note to investors on January 03, 2024, suggesting a price target of $26 for the stock. On July 26, 2023, Raymond James Resumed their recommendations, while on January 09, 2023, Barclays Downgrade their ratings for the stock with a price target of $29. Stock get a Neutral rating from JP Morgan on January 06, 2023.
