Lincoln National Corp. (LNC) concluded trading on Thursday at a closing price of $34.05, with 3.48 million shares of worth about $118.44 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 24.04% during that period and on August 01, 2024 the price saw a gain of about 2.25%. Currently the company’s common shares owned by public are about 169.67M shares, out of which, 167.97M shares are available for trading.
Stock saw a price change of 4.83% in past 5 days and over the past one month there was a price change of 8.51%. Year-to-date (YTD), LNC shares are showing a performance of 26.25% which increased to 20.45% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $20.85 but also hit the highest price of $34.02 during that period. The average intraday trading volume for Lincoln National Corp. shares is 1.48 million. The stock is currently trading 5.70% above its 20-day simple moving average (SMA20), while that difference is up 6.55% for SMA50 and it goes to 21.60% 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 76.99% of that.
The stock has a current market capitalization of $5.79B and its 3Y-monthly beta is at 1.83. PE ratio of stock for trailing 12 months is 4.65, while it has posted earnings per share of $7.32 in the same period. Its PEG reads 0.23 while making debt-to-equity ratio of 0.83. 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 2.83% while standing at 2.50% over the month.
Stock’s fiscal year EPS is expected to rise by 9.84% while it is estimated to increase by 30.31% 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 May 22, 2024 offering a Buy rating for the stock and assigned a target price range of between $26 and $34 to it. Coverage by Jefferies stated Lincoln National Corp. (LNC) stock as a Hold in their note to investors on February 12, 2024, suggesting a price target of $2622 for the stock. Stock get an Underweight rating from Barclays on January 09, 2023.
