Lincoln National Target of Unusually Large Options Trading (NYSE:LNC)

Lincoln National Co. (NYSE:LNCGet Free Report) was the target of some unusual options trading on Thursday. Stock traders purchased 36,275 put options on the company. This is an increase of 1,110% compared to the typical volume of 2,998 put options.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. UBS Group upped their price target on Lincoln National from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, January 10th. Wells Fargo & Company decreased their target price on shares of Lincoln National from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 17th. Piper Sandler cut their price target on Lincoln National from $27.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, November 3rd. Evercore ISI raised their price target on Lincoln National from $26.00 to $29.00 and gave the company an “in-line” rating in a report on Friday, December 15th. Finally, JPMorgan Chase & Co. downgraded Lincoln National from a “neutral” rating to an “underweight” rating and set a $26.00 price target for the company. in a report on Wednesday, January 3rd. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $26.20.

Check Out Our Latest Stock Report on Lincoln National

Hedge Funds Weigh In On Lincoln National

A number of institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Lincoln National by 2.1% during the second quarter. BlackRock Inc. now owns 11,034,652 shares of the financial services provider’s stock worth $284,253,000 after purchasing an additional 222,904 shares during the period. State Street Corp grew its holdings in Lincoln National by 20.8% during the third quarter. State Street Corp now owns 9,443,719 shares of the financial services provider’s stock worth $414,674,000 after buying an additional 1,628,081 shares in the last quarter. Morgan Stanley grew its holdings in Lincoln National by 12.4% during the third quarter. Morgan Stanley now owns 5,313,420 shares of the financial services provider’s stock worth $131,188,000 after buying an additional 585,977 shares in the last quarter. Millennium Management LLC grew its holdings in Lincoln National by 249.3% during the fourth quarter. Millennium Management LLC now owns 4,420,920 shares of the financial services provider’s stock worth $135,811,000 after buying an additional 3,155,232 shares in the last quarter. Finally, Hsbc Holdings PLC grew its holdings in Lincoln National by 2,107.9% during the third quarter. Hsbc Holdings PLC now owns 4,279,462 shares of the financial services provider’s stock worth $105,703,000 after buying an additional 4,085,637 shares in the last quarter. 71.89% of the stock is owned by institutional investors and hedge funds.

Lincoln National Price Performance

Shares of LNC opened at $26.41 on Friday. Lincoln National has a 52-week low of $18.50 and a 52-week high of $35.20. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.19 and a current ratio of 0.19. The business’s 50 day moving average price is $26.91 and its two-hundred day moving average price is $25.45. The firm has a market cap of $4.48 billion, a PE ratio of 11.14 and a beta of 1.81.

About Lincoln National

(Get Free Report)

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The company's Life Insurance segment provides life insurance products, including term insurance, such as single and survivorship versions of universal life insurance; variable universal life insurance; indexed universal life insurance products; and critical illness and long-term care riders.

Recommended Stories

Receive News & Ratings for Lincoln National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lincoln National and related companies with MarketBeat.com's FREE daily email newsletter.