The stock of Lincoln National Corp. (NYSE: LNC) has decreased by -1.80 when compared to last closing price of 32.78.Despite this, the company has seen a gain of 0.75% in its stock price over the last five trading days. zacks.com reported 2024-07-17 that Lincoln National (LNC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Is It Worth Investing in Lincoln National Corp. (NYSE: LNC) Right Now?
The price-to-earnings ratio for Lincoln National Corp. (NYSE: LNC) is 4.40x, which is above its average ratio. Moreover, the 36-month beta value for LNC is 1.84. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 2 as “overweight,” 6 as “hold,” and 1 as “sell.”
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The public float for LNC is 167.97M and currently, short sellers hold a 2.65% of that float. On July 19, 2024, LNC’s average trading volume was 1.55M shares.
LNC’s Market Performance
LNC’s stock has seen a 0.75% increase for the week, with a 4.51% rise in the past month and a 19.89% gain in the past quarter. The volatility ratio for the week is 2.45%, and the volatility levels for the past 30 days are at 2.23% for Lincoln National Corp.. The simple moving average for the past 20 days is 1.58% for LNC’s stock, with a 16.83% 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 “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 2.71% 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 -3.42% of loss for the given period.
Volatility was left at 2.23%, however, over the last 30 days, the volatility rate increased by 2.45%, as shares surge +2.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.11% upper at present.
During the last 5 trading sessions, LNC rose by +0.75%, which changed the moving average for the period of 200-days by +30.38% in comparison to the 20-day moving average, which settled at $31.73. In addition, Lincoln National Corp. saw 19.35% 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 0.48. The receivables turnover for the company is 0.39for trailing twelve months and the total asset turnover is 32.4.
Conclusion
To wrap up, the performance of Lincoln National Corp. (LNC) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
