Taking a Closer Look At Lincoln National Corporation (LNC) Following Its Recent Trade

Lincoln National Corporation’s recently made public that its Director GLASS DENNIS R unloaded Company’s shares for reported $2.91 million on May 31. In the deal valued at $58.13 per share,50,000 shares were sold. As a result of this transaction, GLASS DENNIS R now holds 558,622 shares worth roughly $ 28.38 million.


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Then, Kennedy John Christopher sold 10,922 shares, generating $802,985 in total proceeds. Upon selling the shares at $73.52, the EVP, President LFD now owns 12,724 shares.

Before that, Freitag Randal J sold 61,430 shares. Lincoln National Corporation shares valued at $4,487,462 were divested by the EVP & CFO at a price of $73.05 per share. As a result of the transaction, Freitag Randal J now holds 205,482 shares, worth roughly $10.44 million.

Wolfe Research downgraded its Lincoln National Corporation [LNC] rating to a Peer perform from a an Outperform in a research note published on Friday, June 23, 2022; the price target was decreased to $53 from $99. PT values the company’s stock at a premium of 4.13 to its Friday closing price. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in late May with a ‘”a Neutral”‘ rating. Goldman also remained covering LNC and has decreased its forecast on March 01, 2022 with a “Neutral” recommendation from previously “Buy” rating. Jefferies started covering the stock on January 26, 2022. It rated LNC as “a Buy”.

Price Performance Review of LNC

On Friday, Lincoln National Corporation [NYSE:LNC] saw its stock jump 3.97% to $50.81. On the same session, the stock had its day’s lowest price of $49.47, but rose to a high of $50.86. Over the last five days, the stock has gained 10.34%. Lincoln National Corporation shares have fallen nearly -25.56% since the year began. Nevertheless, the stocks have fallen -23.54% over the past one year. While a 52-week high of $77.57 was reached on 02/10/22, a 52-week low of $44.89 was recorded on 07/14/22. SMA at 50 days reached $48.47, while 200 days put it at $59.83. A total of 1.7 million shares were traded, compared to the trading of 1.69 million shares in the previous session.

Levels Of Support And Resistance For LNC Stock

The 24-hour chart illustrates a support level at 49.90, which if violated will result in even more drops to 48.99. On the upside, there is a resistance level at 51.29. A further resistance level may holdings at 51.77. The Relative Strength Index (RSI) on the 14-day chart is 59.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.47, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.85%. Stochastics %K at 70.83% indicates the stock is a holding.

How much short interest is there in Lincoln National Corporation?

A steep rise in short interest was recorded in Lincoln National Corporation stocks on Jul 14, 2022, growing by 0.24 million shares to a total of 5.21 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 4.97 million shares. There was a rise of 4.61%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.46% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.16.

Lincoln National Corporation [LNC] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 18,684,226 shares, or roughly 10.87% of the outstanding LNC shares. In other words, the investor’s shares have fallen by -14,408 from its previous 13-F filing of 18698634.0. Additionally, BlackRock Fund Advisors increased 6.67% of its stake after which the total value it holdings stand at $476,308,236, while SSgA Funds Management, Inc. reduced -7.24% of its stake to hold $401.25 million in the firm. Over the last quarter, Dodge & Cox purchased 27,805 shares of Lincoln National Corporation, while Lyrical Asset Management LP bought -178,951 shares. At present, Fidelity Management & Research Co is holding 3,380,243 shares valued at $173.54 million. Geode Capital Management LLC owned 3,304,626 shares of the company at the time of its most recent 13F filing, worth $169.66 million.

According to FactSet, Lincoln National Corporation’s share price will average $58.87 in the next year, based on opinions of analysts polled by the firm. This is up nearly 14.59 percent from its previous closing price of $48.87. Analysts expect Lincoln National Corporation stock to reach the higher price of $78.00, while the lowest price estimate is $45.00. However, 16 analysts have rated LNC stock as a Hold in their predictions for 2022. The most recent change occurred on January 21, 2022 when Wolfe Research began covering the stock and recommended ‘”an Outperform”‘ rating along with a $99 price target.

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