Lincoln National (NYSE:LNC – Get Free Report) issued its earnings results on Thursday. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.07, Briefing.com reports. The company had revenue of $5.15 billion during the quarter, compared to analyst estimates of $4.65 billion. Lincoln National had a net margin of 12.24% and a return on equity of 17.13%. During the same quarter last year, the business posted $2.02 EPS.
Lincoln National Price Performance
NYSE:LNC traded down $4.03 during mid-day trading on Friday, reaching $30.02. The stock had a trading volume of 4,210,155 shares, compared to its average volume of 1,314,085. The stock has a market capitalization of $5.10 billion, a P/E ratio of 4.11, a P/E/G ratio of 0.29 and a beta of 1.84. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.26 and a current ratio of 0.27. Lincoln National has a one year low of $20.85 and a one year high of $36.46. The firm has a 50 day moving average price of $32.01 and a two-hundred day moving average price of $29.65.
Lincoln National Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.00%. The ex-dividend date of this dividend was Wednesday, July 10th. Lincoln National’s dividend payout ratio is currently 24.62%.
Analysts Set New Price Targets
Read Our Latest Report on Lincoln National
Insider Buying and Selling at Lincoln National
In other news, EVP Sean Woodroffe sold 55,127 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $32.57, for a total value of $1,795,486.39. Following the transaction, the executive vice president now owns 198,255 shares in the company, valued at $6,457,165.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.54% of the company’s stock.
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.
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