Lincoln National Co. (LNC) To Go Ex-Dividend on January 10th

Lincoln National Co. (NYSE:LNC) declared a quarterly dividend on Thursday, November 14th,RTT News reports. Shareholders of record on Friday, January 10th will be given a dividend of 0.45 per share by the financial services provider on Monday, February 3rd. This represents a $1.80 annualized dividend and a yield of 5.09%. The ex-dividend date is Friday, January 10th.

Lincoln National has raised its dividend payment by an average of 4.0% per year over the last three years. Lincoln National has a payout ratio of 23.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Lincoln National to earn $7.63 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 23.6%.

Lincoln National Price Performance

Lincoln National stock opened at $35.35 on Friday. Lincoln National has a 12-month low of $23.14 and a 12-month high of $36.98. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.73. The firm has a 50-day moving average price of $32.35 and a 200-day moving average price of $31.59. The firm has a market capitalization of $6.02 billion, a PE ratio of 25.25, a price-to-earnings-growth ratio of 0.31 and a beta of 1.79.

Lincoln National (NYSE:LNC) last announced its quarterly earnings data on Thursday, October 31st. The financial services provider reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.42. The business had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.61 billion. Lincoln National had a net margin of 2.51% and a return on equity of 18.15%. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 earnings per share. As a group, equities research analysts forecast that Lincoln National will post 6.53 EPS for the current year.

Insider Buying and Selling

In other Lincoln National news, EVP John Christopher Kennedy sold 2,863 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $36.00, for a total value of $103,068.00. Following the completion of the sale, the executive vice president now directly owns 99,644 shares in the company, valued at $3,587,184. This trade represents a 2.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on LNC shares. Piper Sandler dropped their price objective on Lincoln National from $37.00 to $34.00 and set a “neutral” rating for the company in a report on Wednesday, October 2nd. TD Cowen initiated coverage on shares of Lincoln National in a research note on Wednesday, October 9th. They set a “hold” rating and a $34.00 target price for the company. Wells Fargo & Company raised their price target on shares of Lincoln National from $28.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Barclays boosted their price objective on shares of Lincoln National from $35.00 to $36.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Finally, Morgan Stanley dropped their target price on shares of Lincoln National from $30.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Monday, August 19th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Lincoln National presently has an average rating of “Hold” and an average target price of $33.00.

About Lincoln National

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates in four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders.