After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Lincoln National Corp. (LNC) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$1.44, or -6.72%, to $20.00. The Lincoln National Corp. has recorded 112,658 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Lincoln Financial Group Reports Third Quarter 2023 Results.
LNC belongs to the Financial sector of the NYSE while operating in the Insurance – Life industry. At the end of the last regular session, the stock closed at $21.44 and fluctuated between $21.92 as its day high and $21.15 as its day low. The current market capitalization of Lincoln National Corp. is $3.64B. A total of 2.55 million shares were traded on the day, compared to an average of 2.84M shares.
Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, LNC has seen 1 BUY and 2 SELL insider trades, representing the acquisition of 4,930 and the disposition of 11,501 shares. Over the last 12 months, there were 26 BUYs and 11 SELLs from insiders. Insiders purchased 627,961 shares during that period but sold 23,902.
In the most recent transaction, KELLY GARY C bought 7,838 shares of LNC for 25.52 per share on May 11. After the transaction, the Director now owns 15,007 company shares. In a previous transaction on Dec 15, Kennedy John Christopher sold 1,500 shares at 30.79 per share. LNC shares that EVP, President LFD owns now total 20,336.
Among the insiders who bought shares, Connelly Deirdre P acquired of 3,000 shares on Nov 18 at a per-share price of $37.41. This resulted in the Director holding 4,000 shares of LNC after the transaction.
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. LNC’s most recent ex-dividend date was 10/9/2023 when it declared a $0.45 quarterly dividend that was paid in cash on 11/1/2023. Previously, the company paid the dividend on 8/1/2023 with an ex-dividend date of 7/7/2023. The LNC stock dividend was $0.45 per share in cash.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for LNC in the last 3 months, the mean price target is $25.55 with high estimates of $32.00 and low estimates of $18.00. In terms of 52-week highs and lows, LNC has a high of $54.59 and a low of $18.50.
As of this writing, LNC has an earnings estimate of $1.76 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $1.99 per share and a lower estimate of $1.52. The company reported an EPS of $1.52 in the last quarter, which was -6.70% lower than expectations of $1.63.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. LNC’s latest balance sheet shows that the firm has $121.36B in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $28.49, while its Total Shareholder’s Equity was $20.27B.
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for LNC is Buy with a score of 2.92.