In the past week, LNC stock has gone up by 0.42%, with a monthly decline of -3.74% and a quarterly surge of 3.25%. The volatility ratio for the week is 1.98%, and the volatility levels for the last 30 days are 2.30% for Lincoln National Corp. The simple moving average for the past 20 days is -1.79% for LNC’s stock, with a 16.17% simple moving average for the past 200 days.
Is It Worth Investing in Lincoln National Corp. (NYSE: LNC) Right Now?
Lincoln National Corp. (NYSE: LNC) has a higher price-to-earnings ratio of 4.29x compared to its average ratio, The 36-month beta value for LNC is at 1.84. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 2 rating it as “overweight,” 6 as “hold,” and 1 as “sell.”
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The public float for LNC is 167.97M, and currently, shorts hold a 2.52% of that float. The average trading volume for LNC on June 27, 2024 was 1.65M shares.
LNC) stock’s latest price update
The stock price of Lincoln National Corp. (NYSE: LNC) has plunged by -1.57 when compared to previous closing price of 31.94, but the company has seen a 0.42% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-06-25 that NEW YORK, June 25, 2024 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Lincoln National Corporation (NYSE: LNC) on behalf of long-term stockholders following a class action complaint that was filed against Lincoln on April 23, 2024 with a Class Period from November 4, 2020 and November 2, 2022. Our investigation concerns whether the board of directors of Lincoln have breached their fiduciary duties to the company.
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 “Buy.” The predicted price for LNC in the upcoming period, according to Jefferies is $34 based on the research report published on May 22, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see LNC reach a price target of $2622. The rating they have provided for LNC stocks is “Hold” according to the report published on February 12th, 2024.
JP Morgan gave a rating of “Underweight” to LNC, setting the target price at $26 in the report published on January 03rd of the current year.
LNC Trading at 4.18% 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 -5.67% of loss for the given period.
Volatility was left at 2.30%, however, over the last 30 days, the volatility rate increased by 1.98%, as shares sank -2.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.77% upper at present.
During the last 5 trading sessions, LNC rose by +0.42%, which changed the moving average for the period of 200-days by +22.48% in comparison to the 20-day moving average, which settled at $31.97. In addition, Lincoln National Corp. saw 16.57% 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 Woodroffe Sean, who sale 55,127 shares at the price of $32.57 back on May 28 ’24. After this action, Woodroffe Sean now owns 198,255 shares of Lincoln National Corp., valued at $1,795,486 using the latest closing price.
Ryan Owen, the Director of Lincoln National Corp., purchase 10,000 shares at $25.90 during a trade that took place back on Feb 09 ’24, which means that Ryan Owen is holding 10,000 shares at $259,000 based on the most recent closing price.
Stock Fundamentals for LNC
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.45 for the gross margin
The net margin for Lincoln National Corp. stands at 0.12. The total capital return value is set at 5.69. Equity return is now at value 18.99, with 0.40 for asset returns.
Based on Lincoln National Corp. (LNC), the company’s capital structure generated 0.5 points at debt to capital in total, while cash flow to debt ratio is standing at -424.31. The debt to equity ratio resting at 1.0. The interest coverage ratio of the stock is 6.42.
Currently, EBITDA for the company is 39.0 million with net debt to EBITDA at 0.0. When we switch over and look at the enterprise to sales, we see a ratio of 0.47. The receivables turnover for the company is 0.39for trailing twelve months and the total asset turnover is 32.4.
Conclusion
In conclusion, Lincoln National Corp. (LNC) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
