Lincoln National Corp. (NYSE: LNC) on Tuesday, plunged -1.32% from the previous trading day, before settling in for the closing price of $32.66. Within the past 52 weeks, LNC’s price has moved between $20.47 and $32.90.
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A company in the Financial sector has dropped its sales by -2.12% annually for the last half of the decade. The company achieved an average annual earnings per share of 13.93%. With a float of $167.45 million, this company’s outstanding shares have now reached $169.67 million.
In an organization with 11024 employees, it is important to assess its efficiency.
Lincoln National Corp. (LNC) Insider Updates
Observing investor behavior towards Insurance – Life industry stocks is more important than anything else. The insider ownership of Lincoln National Corp. is 1.51%, while institutional ownership is 73.36%. The most recent insider transaction that took place on May 28 ’24, was worth 1,795,486. In this transaction EVP, Ch Ppl Culture Comms Off of this company sold 55,127 shares at a rate of $32.57, taking the stock ownership to the 198,255 shares. Before that another transaction happened on Feb 09 ’24, when Company’s Director bought 10,000 for $25.90, making the entire transaction worth $259,000. This insider now owns 10,000 shares in total.
Lincoln National Corp. (LNC) Performance Highlights and Predictions
As on 3/31/2024, Multinational firm has announced its last quarter scores, in which it reported 2.02 earnings per share (EPS) for the period topping the consensus outlook (set at 1.85) by 0.17. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.75 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 13.93% per share during the next fiscal year.
Lincoln National Corp. (NYSE: LNC) Trading Performance Indicators
Lincoln National Corp. (LNC) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.33.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.32, a number that is poised to hit 1.83 in the next quarter and is forecasted to reach 7.58 in one year’s time.
Technical Analysis of Lincoln National Corp. (LNC)
Let’s dig in a bit further. During the last 5-days, its volume was 1.73 million. That was inferior than the volume of 1.84 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 88.63%. Additionally, its Average True Range was 0.81.
During the past 100 days, Lincoln National Corp.’s (LNC) raw stochastic average was set at 91.42%, which indicates a significant increase from 83.85% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.30% in the past 14 days, which was lower than the 34.52% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $29.41, while its 200-day Moving Average is $26.47. However, in the short run, Lincoln National Corp.’s stock first resistance to watch stands at $32.65. Second resistance stands at $33.07. The third major resistance level sits at $33.40. If the price goes on to break the first support level at $31.90, it is likely to go to the next support level at $31.57. Assuming the price breaks the second support level, the third support level stands at $31.15.
Lincoln National Corp. (NYSE: LNC) Key Stats
Market capitalization of the company is 5.48 billion based on 170,027K outstanding shares. Right now, sales total 11,645 M and income totals -752,000 K. The company made 4,116 M in profit during its latest quarter, and 1,222 M in sales during its previous quarter.
