The stock of Lincoln National Corp. (NYSE: LNC) has decreased by -1.57 when compared to last closing price of 31.21. Despite this, the company has experienced a -4.45% fall in its stock price over the last five trading sessions. accesswire.com reported 2024-09-06 that Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Lincoln National Corporation (“Lincoln National” or “the Company”) (NYSE:LNC). Investors who purchased Lincoln National securities prior to November 4, 2020, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/LNC.
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 3.24x compared to its average ratio, The 36-month beta value for LNC is at 1.79. 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 168.06M, and currently, shorts hold a 2.09% of that float. The average trading volume for LNC on September 06, 2024 was 1.36M shares.
LNC’s Market Performance
LNC’s stock has seen a -4.45% decrease for the week, with a 6.30% rise in the past month and a -5.10% fall in the past quarter. The volatility ratio for the week is 2.10%, and the volatility levels for the past 30 days are at 2.18% for Lincoln National Corp. The simple moving average for the last 20 days is -0.82% for LNC stock, with a simple moving average of 5.85% for the last 200 days.
Analysts’ Opinion of LNC
Many brokerage firms have already submitted their reports for LNC stocks, with Barclays repeating the rating for LNC by listing it as a “Equal Weight.” The predicted price for LNC in the upcoming period, according to Barclays is $35 based on the research report published on September 05, 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 $34, previously predicting the price at $26. The rating they have provided for LNC stocks is “Buy” according to the report published on May 22nd, 2024.
Jefferies gave a rating of “Hold” to LNC, setting the target price at $2622 in the report published on February 12th of the current year.
LNC Trading at -2.27% 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 -15.74% of loss for the given period.
Volatility was left at 2.18%, however, over the last 30 days, the volatility rate increased by 2.10%, as shares surge +5.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.48% lower at present.
During the last 5 trading sessions, LNC fell by -4.63%, which changed the moving average for the period of 200-days by +28.93% in comparison to the 20-day moving average, which settled at $31.05. In addition, Lincoln National Corp. saw 13.90% 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 MATHEW GROVE, who proposed sale 10,877 shares at the price of $29.69 back on Aug 14 ’24. After this action, MATHEW GROVE now owns shares of Lincoln National Corp., valued at $322,984 using the latest closing price.
Mathew Grove, the Officer of Lincoln National Corp., proposed sale 10,174 shares at $29.27 during a trade that took place back on Aug 06 ’24, which means that Mathew Grove is holding shares at $297,843 based on the most recent closing price.
Stock Fundamentals for LNC
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.74 for the gross margin
The net margin for Lincoln National Corp. stands at 0.13. The total capital return value is set at 0.0. Equity return is now at value 25.25, with 0.51 for asset returns.
Based on Lincoln National Corp. (LNC), the company’s capital structure generated 0.44 points at debt to capital in total, while cash flow to debt ratio is standing at -0.65. The debt to equity ratio resting at 0.78. The interest coverage ratio of the stock is 5.13.
Currently, EBITDA for the company is 39.0 million with net debt to EBITDA at 0.2. When we switch over and look at the enterprise to sales, we see a ratio of 0.44. The receivables turnover for the company is 0.46for trailing twelve months and the total asset turnover is 0.04.
Conclusion
In conclusion, Lincoln National Corp. (LNC) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
