Lincoln National Corporation [LNC] Stock trading around $21.59 per share: What’s Next?

Lincoln National Corporation [NYSE: LNC] plunged by -$0.78 during the normal trading session on while it closed the day at $21.59. The company report on March 31, 2023 that Lincoln Financial Group to Report First Quarter Earnings.

Lincoln Financial Group (NYSE:LNC) announced today that it will report its first quarter earnings after market close on Tuesday, May 9, 2023. A conference call is scheduled for Wednesday, May 10, 2023, at 10:00 a.m. Eastern Time.

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Earnings materials, including the first quarter 2023 Earnings Release and Statistical Supplement, will be available on the company’s Investor Relations web page at after market close on Tuesday, May 9, 2023.

Lincoln National Corporation stock has also gained 3.95% of its value over the past 7 days. However, LNC stock has declined by -29.95% in the 3 months of the year. Over the past six months meanwhile, it has lost -52.78% and lost -29.72% year-on date.

The market cap for LNC stock reached $3.55 billion, with 169.20 million shares outstanding and 153.12 million shares in the current float. Compared to the average trading volume of 3.70M shares, LNC reached a trading volume of 4951656 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Lincoln National Corporation [LNC]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LNC shares is $33.23 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LNC stock is a recommendation set at 3.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Barclays have made an estimate for Lincoln National Corporation shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on January 09, 2023. While these analysts kept the previous recommendation, JP Morgan dropped their target price from $55 to $36. The new note on the price target was released on January 06, 2023, representing the official price target for Lincoln National Corporation stock. Previously, the target price had yet another drop from $50 to $46, while Goldman kept a Buy rating on LNC stock. On November 04, 2022, analysts decreased their price target for LNC shares from 45 to 41.

The Average True Range (ATR) for Lincoln National Corporation is set at 1.33, with the Price to Sales ratio for LNC stock in the period of the last 12 months amounting to 0.19. The Price to Book ratio for the last quarter was 1.02, with the Price to Cash per share for the same quarter was set at 20.33. Price to Free Cash Flow for LNC in the course of the last twelve months was 0.95.

LNC stock trade performance evaluation

Lincoln National Corporation [LNC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.95. With this latest performance, LNC shares dropped by -28.82% in over the last four-week period, additionally sinking by -52.78% over the last 6 months – not to mention a drop of -67.12% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LNC stock in for the last two-week period is set at 35.42, with the RSI for the last a single of trading hit 38.43, and the three-weeks RSI is set at 35.05 for Lincoln National Corporation [LNC]. The present Moving Average for the last 50 days of trading for this stock 28.99, while it was recorded at 22.00 for the last single week of trading, and 39.51 for the last 200 days.

Earnings per share (EPS) analysis for Lincoln National Corporation [LNC] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LNC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Lincoln National Corporation go to 4.50%.

Lincoln National Corporation [LNC]: Insider Ownership positions

There are presently around $3,075 million, or 81.70% of LNC stock, in the hands of institutional investors. The top three institutional holders of LNC stocks are: VANGUARD GROUP INC with ownership of 20,068,955, which is approximately 4.383% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 13,818,184 shares of the stock with an approximate value of $309.11 million in LNC stocks shares; and STATE STREET CORP, currently with $211.9 million in LNC stock with ownership of nearly 0.303% of the company’s market capitalization.

272 institutional holders increased their position in Lincoln National Corporation [NYSE:LNC] by around 20,904,986 shares. Additionally, 326 investors decreased positions by around 17,789,180 shares, while 87 investors held positions by with 98,766,247 shares. The mentioned changes placed institutional holdings at 137,460,413 shares, according to the latest SEC report filing. LNC stock had 79 new institutional investments in for a total of 2,550,188 shares, while 115 institutional investors sold positions of 4,254,554 shares during the same period.


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