Lincoln National Corp. (NYSE: LNC)’s stock price has decreased by -2.41 compared to its previous closing price of 28.65. However, the company has seen a 2.68% increase in its stock price over the last five trading sessions. The Motley Fool reported 2024-04-10 that Lincoln National Corporation has struggled over the past few years following the pandemic and some significant adjustments that hurt its financial position. The insurance and retirement provider has taken steps to improve its financial position.
Is It Worth Investing in Lincoln National Corp. (NYSE: LNC) Right Now?
The stock has a 36-month beta value of 1.78. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 2 as “overweight,” 6 as “hold,” and 1 as “sell.”
The public float for LNC is 167.14M, and at present, short sellers hold a 2.14% of that float. On April 26, 2024, the average trading volume of LNC was 1.85M shares.
LNC’s Market Performance
The stock of Lincoln National Corp. (LNC) has seen a 2.68% increase in the past week, with a -8.18% drop in the past month, and a -0.78% fall in the past quarter. The volatility ratio for the week is 2.66%, and the volatility levels for the past 30 days are at 2.83% for LNC. The simple moving average for the past 20 days is -5.16% for LNC’s stock, with a 6.66% simple moving average for the past 200 days.
Analysts’ Opinion of LNC
Many brokerage firms have already submitted their reports for LNC stocks, with Jefferies repeating the rating for LNC by listing it as a “Hold.” The predicted price for LNC in the upcoming period, according to Jefferies is $2622 based on the research report published on February 12, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see LNC reach a price target of $26. The rating they have provided for LNC stocks is “Underweight” according to the report published on January 03rd, 2024.
LNC Trading at -1.22% from the 50-Day Moving Average
After a stumble in the market that brought LNC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.78% of loss for the given period.
Volatility was left at 2.83%, however, over the last 30 days, the volatility rate increased by 2.66%, as shares sank -12.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.21% upper at present.
During the last 5 trading sessions, LNC rose by +2.68%, which changed the moving average for the period of 200-days by +4.72% in comparison to the 20-day moving average, which settled at $29.28. In addition, Lincoln National Corp. saw 3.67% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LNC starting from Ryan Owen, who purchase 10,000 shares at the price of $25.90 back on Feb 09 ’24. After this action, Ryan Owen now owns 10,000 shares of Lincoln National Corp., valued at $259,000 using the latest closing price.
KELLY GARY C, the Director of Lincoln National Corp., purchase 7,838 shares at $25.52 during a trade that took place back on May 11 ’23, which means that KELLY GARY C is holding 15,007 shares at $200,025 based on the most recent closing price.
Stock Fundamentals for LNC
Current profitability levels for the company are sitting at:
- -0.04 for the present operating margin
- 0.44 for the gross margin
The net margin for Lincoln National Corp. stands at -0.07. The total capital return value is set at -0.0. Equity return is now at value -13.70, with -0.23 for asset returns.
Based on Lincoln National Corp. (LNC), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at -0.35. The debt to equity ratio resting at 0.86. The interest coverage ratio of the stock is -1.49.
Currently, EBITDA for the company is 39.0 million with net debt to EBITDA at 3.22. When we switch over and look at the enterprise to sales, we see a ratio of 0.67. The receivables turnover for the company is 0.37for trailing twelve months and the total asset turnover is 0.03.
Conclusion
To sum up, Lincoln National Corp. (LNC) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
