A new trading day began on Friday, with Lincoln National Corp. (NYSE: LNC) stock price up 3.15% from the previous day of trading, before settling in for the closing price of $31.44. LNC’s price has ranged from $20.85 to $36.46 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
A company in the Financial sector has dropped its sales by -2.12% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 8.68%. With a float of $168.09 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. In terms of profitability, gross margin is 73.84%, operating margin of 12.75%, and the pretax margin is 15.23%.
Lincoln National Corp. (LNC) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Insurance – Life Industry. The insider ownership of Lincoln National Corp. is 1.24%, while institutional ownership is 74.68%. The most recent insider transaction that took place on Aug 14 ’24, was worth 322,984. Before that another transaction happened on Aug 06 ’24, when Company’s Officer proposed sale 10,174 for $29.27, making the entire transaction worth $297,843.
Lincoln National Corp. (LNC) Latest Financial update
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.23 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.81 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 8.68% per share during the next fiscal year.
Lincoln National Corp. (NYSE: LNC) Trading Performance Indicators
Here are Lincoln National Corp.’s 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 9.49, a number that is poised to hit 1.61 in the next quarter and is forecasted to reach 7.59 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 1.37 million. That was inferior than the volume of 1.66 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 85.30%. Additionally, its Average True Range was 0.88.
During the past 100 days, Lincoln National Corp.’s (LNC) raw stochastic average was set at 53.73%, which indicates a significant decrease from 95.80% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.66% in the past 14 days, which was lower than the 33.74% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $30.72, while its 200-day Moving Average is $29.75. However, in the short run, Lincoln National Corp.’s stock first resistance to watch stands at $32.76. Second resistance stands at $33.10. The third major resistance level sits at $33.66. If the price goes on to break the first support level at $31.87, it is likely to go to the next support level at $31.31. The third support level lies at $30.98 if the price breaches the second support level.
Lincoln National Corp. (NYSE: LNC) Key Stats
With a market capitalization of 5.52 billion, the company has a total of 170,027K Shares Outstanding. Currently, annual sales are 11,645 M while annual income is -752,000 K. The company’s previous quarter sales were 5,153 M while its latest quarter income was 895,000 K.
