Lincoln National Co. (NYSE:LNC) – Research analysts at B. Riley issued their Q2 2019 EPS estimates for shares of Lincoln National in a research report issued to clients and investors on Wednesday, June 26th, according to Zacks Investment Research. B. Riley analyst R. Binner expects that the financial services provider will earn $2.29 per share for the quarter.
Lincoln National (NYSE:LNC) last issued its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $2.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.08 by $0.06. The firm had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.25 billion. Lincoln National had a return on equity of 12.32% and a net margin of 9.02%. Lincoln National’s revenue was up 19.7% on a year-over-year basis. During the same quarter last year, the business posted $1.97 EPS.
NYSE LNC traded down $0.25 during trading hours on Thursday, hitting $65.88. 927,753 shares of the company traded hands, compared to its average volume of 1,598,025. The stock has a 50-day simple moving average of $63.96. Lincoln National has a twelve month low of $48.07 and a twelve month high of $71.27. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.34. The stock has a market cap of $13.38 billion, a PE ratio of 7.77, a price-to-earnings-growth ratio of 0.79 and a beta of 1.89.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th will be given a $0.37 dividend. The ex-dividend date is Tuesday, July 9th. This represents a $1.48 annualized dividend and a dividend yield of 2.25%. Lincoln National’s payout ratio is presently 17.45%.
In related news, EVP Lisa Buckingham sold 8,500 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $62.70, for a total transaction of $532,950.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Christine A. Janofsky sold 7,928 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $62.62, for a total transaction of $496,451.36. The disclosure for this sale can be found here. Insiders sold a total of 45,206 shares of company stock valued at $2,920,586 in the last ninety days. Corporate insiders own 1.50% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. Cerebellum GP LLC acquired a new stake in shares of Lincoln National during the second quarter worth approximately $82,000. FDx Advisors Inc. bought a new position in Lincoln National during the 2nd quarter valued at about $217,000. Robeco Institutional Asset Management B.V. grew its stake in Lincoln National by 13.3% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 805,726 shares of the financial services provider’s stock worth $51,932,000 after acquiring an additional 94,388 shares in the last quarter. Bessemer Group Inc. grew its stake in Lincoln National by 309.0% in the 2nd quarter. Bessemer Group Inc. now owns 108,053 shares of the financial services provider’s stock worth $6,964,000 after acquiring an additional 81,632 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in Lincoln National by 2.5% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 40,423 shares of the financial services provider’s stock worth $2,605,000 after acquiring an additional 1,000 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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