Lincoln National Corp. [NYSE: LNC] traded at a high on Thursday, posting a 2.25 gain after which it closed the day’ session at $34.05.
The results of the trading session contributed to over 3478398 shares changing hands. Over the past one week, the price volatility of Lincoln National Corp. stands at 2.83% while the volatility over the past one month is 2.50%.
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The market cap for LNC stock reached $5.79 billion, with 169.67 million shares outstanding and 167.97 million shares in the current float. Compared to the average trading volume of 1.48M shares, LNC reached a trading volume of 3478398 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Lincoln National Corp. [LNC]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LNC shares is $32.52 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 3.07. 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.
Jefferies have made an estimate for Lincoln National Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 22, 2024. The new note on the price target was released on February 12, 2024, representing the official price target for Lincoln National Corp. stock. Previously, the target price had yet another raise to $26, while JP Morgan analysts kept a Underweight rating on LNC stock.
The Average True Range (ATR) for Lincoln National Corp. is set at 0.91, with the Price to Sales ratio for LNC stock in the period of the last 12 months amounting to 0.35. The Price to Book ratio for the last quarter was 0.88.
How has LNC stock performed recently?
Lincoln National Corp. [LNC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.83. With this latest performance, LNC shares gained by 8.51% in over the last four-week period, additionally plugging by 24.04% over the last 6 months – not to mention a rise of 20.45% 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 66.44, with the RSI for the last a single of trading hit 70.65, and the three-weeks RSI is set at 63.53 for Lincoln National Corp. [LNC]. The present Moving Average for the last 50 days of trading for this stock 32.04, while it was recorded at 33.39 for the last single week of trading, and 28.06 for the last 200 days.
Earnings analysis for Lincoln National Corp. [LNC]
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 Corp. go to 19.90%.
Insider trade positions for Lincoln National Corp. [LNC]
The top three institutional holders of LNC stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in LNC stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in LNC stock with ownership which is approximately 5.1238%.
