Jefferies has recently raised Lincoln National Corp (LNC) stock to Buy rating, as announced on May 22, 2024, according to Finviz. Earlier, on February 12, 2024, Jefferies had raised the stock from a Underperform to Hold, setting a price target of $2622. JP Morgan also reduced Underweight rating with a price target of $26. Additionally, Raymond James resumed Mkt Perform rating on July 26, 2023. Barclays analysts, in their report published on January 9, 2023, also reduced Underweight rating and set a price target of $35 for Lincoln National Corp’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Lincoln National Corp (LNC) Stock Trading Recap
On Tuesday, Lincoln National Corp (LNC) stock saw a decline, ending the day at $31.69 which represents a decrease of $-0.41 or -1.28% from the prior close of $32.1. The stock opened at $31.76 and touched a low of $31.55 during the day, reaching a high of $32.16. The volume of shares traded was 1.22 million falling short of the average volume of 1.41 million.
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LNC Stock Performance and Moving Averages
In recent trading, Lincoln National Corp (LNC) stock price has shown some volatility, fluctuating -1.31% over the last five trades and 5.56% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 22.26%, and it has plunged by -4.86% in the previous three months. Currently, LNC is trading at 3.47%, 0.69%, and 9.64% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, LNC, a Financial sector stock, is trading -13.08% below its 52-week high but remains 51.99% above its 52-week low. The Average True Range (ATR) (14 days) of 0.78 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Lincoln National Corp’s Profitability and Valuation Ratios
Lincoln National Corp’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 10.87% and a profit margin of 9.96%, with a gross margin of 22.26%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Lincoln National Corp’s market capitalization stands at $5.39 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 3.34, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 4.23. Additionally, the Price-to-Sales Ratio is 0.33, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 0.77, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 1.26% of Lincoln National Corp (LNC)’s shares, while financial institutions hold 76.76%.
Notable insider trades include Woodroffe Sean, EVP, Ch Ppl Culture Comms Off at Lincoln National Corp (LNC), who sold 55127 shares on May 28 ’24, at $32.57 each, totaling $1.80 million.
