With 2.34 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.46 million shares. During the session, the Insurance – Life company that operates in wider Financial sector, reached to the highest price of $36.365 whereas the lowest price it dropped to was $35.055. The 52-week range on LNC shows that it touched its highest point at $36.98 and its lowest point at $21.59 during that stretch. It currently has a 1-year price target of $34.50. With its current market cap of 6.01 billion, LNC has annualized dividend of $1.80 while the current yield stands at 5.10%. Beta for the stock currently stands at 1.78.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LNC was up-trending over the past week, with a rise of 1.47%, but this was up by 10.57% over a month. Three-month performance surged to 19.16% while six-month performance rose 20.55%. The stock gained 53.10% in the past year, while it has gained 30.74% so far this year. A look at the trailing 12-month EPS for LNC yields 1.41 with Next year EPS estimates of 7.71. For the next quarter, that number is 1.85. This implies an EPS growth rate of 17.67% for this year and 25.46% for next year.
Float and Shares Shorts:
At present, 169.67 million LNC shares are outstanding with a float of 168.81 million shares on hand for trading. On 2024-10-15, short shares totaled 3.44 million, which was 202.0 higher than short shares on 1726185600. In addition to Ms. Ellen R. Gail Cooper C.F.A., F.S.A. as the firm’s Chairman, President & CEO, Mr. Christopher Michael Neczypor serves as its Executive VP & CFO.
Institutional Ownership:
Through their ownership of 0.7565 of LNC’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LNC since 11 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 7 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With LNC analysts setting a high price target of 40.0 and a low target of 29.0, the average target price over the next 12 months is 34.6. Based on these targets, LNC could surge 13.44% to reach the target high and fall by -17.75% to reach the target low. Reaching the average price target will result in a decline of -1.87% from current levels.
Analysts have provided yearly estimates in a range of $6.56003 being high and $5.97506 being low. For LNC, this leads to a yearly average estimate of $6.14219. The surprise factor in the prior quarter was $1.77. Based on analyst estimates, the high estimate for the next quarter is $1.84 and the low estimate is $1.31. The average estimate for the next quarter is thus $1.58.
