On April 6, 2023 at 09:34:46 ET an unusually large
$918.29K block of Put contracts in Lincoln National
(LNC) was bought,
with a strike price of $17.50 / share, expiring in 43 days (on May 19, 2023).
Fintel tracks all large options trades, and the premium spent on this trade was 2.92 sigmas above the mean, placing it in the 99.99 percentile of all recent large trades made in LNC options.
This trade was first picked up on Fintel’s real time Unusual Option Trades
tool, where unusual option trades are highlighted.
Analyst Price Forecast Suggests 52.75% Upside
As of April 6, 2023,
the average one-year price target for Lincoln National is $32.17.
The forecasts range from a low of $16.16 to a high of $39.90.
The average price target represents an increase of 52.75% from its latest reported closing price of $21.06.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Lincoln National
is $18,957MM, an increase of 0.92%.
The projected annual non-GAAP EPS
is $9.20.
What is the Fund Sentiment?
There are 1220 funds or institutions reporting positions in Lincoln National.
This is an increase
of
3
owner(s) or 0.25% in the last quarter.
Average portfolio weight of all funds dedicated to LNC is 0.11%,
a decrease
of 19.13%.
The put/call ratio of LNC is 1.19, indicating a
bearish
outlook.
What are Large Shareholders Doing?
Invesco
holds 4,810K shares
representing 2.84% ownership of the company.
In it’s prior filing, the firm reported owning 3,230K shares, representing
an increase
of 32.86%.
The firm
decreased
its portfolio allocation in LNC by 5.18% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 4,649K shares
representing 2.75% ownership of the company.
In it’s prior filing, the firm reported owning 4,551K shares, representing
an increase
of 2.11%.
The firm
decreased
its portfolio allocation in LNC by 34.00% over the last quarter.
Ameriprise Financial
holds 4,486K shares
representing 2.65% ownership of the company.
In it’s prior filing, the firm reported owning 3,516K shares, representing
an increase
of 21.61%.
The firm
decreased
its portfolio allocation in LNC by 16.08% over the last quarter.
Millennium Management
holds 4,421K shares
representing 2.61% ownership of the company.
In it’s prior filing, the firm reported owning 1,266K shares, representing
an increase
of 71.37%.
The firm
increased
its portfolio allocation in LNC by 128.63% over the last quarter.
Dodge & Cox
holds 4,311K shares
representing 2.55% ownership of the company.
In it’s prior filing, the firm reported owning 4,291K shares, representing
an increase
of 0.47%.
The firm
decreased
its portfolio allocation in LNC by 36.39% over the last quarter.
Lincoln National Declares $0.45 Dividend
On February 16, 2023 the company declared a regular
quarterly dividend of $0.45 per share ($1.80 annualized).
Shareholders of record as of April 10, 2023
will receive the payment on May 1, 2023.
Previously, the company paid $0.45 per share.
At the current share price of $21.06 / share,
the stock’s dividend yield is 8.55%.
Looking back five years and taking a sample every week, the average dividend yield has been
3.23%,
the lowest has been 1.83%,
and the highest has been 9.22%.
The standard deviation of yields is 1.30 (n=237).
The current dividend yield is
4.10 standard deviations
above
the historical average.
Additionally, the company’s dividend payout ratio is -0.14.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 0.12%,
demonstrating that it has increased its dividend over time.
Lincoln National Background Information
(This description is provided by the company.)
Lincoln Financial Group provides advice and solutions that help people take charge of their financial lives with confidence and optimism. Today, more than 17 million customers trust our retirement, insurance and wealth protection expertise to help address their lifestyle, savings and income goals, and guard against long-term care expenses. Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates. The company had $281 billion in end-of-period account values as of September 30, 2020. Lincoln Financial Group is a committed corporate citizen included on major sustainability indices including the Dow Jones Sustainability Index North America and FTSE4Good. Dedicated to diversity and inclusion, we earned perfect 100 percent scores on the Corporate Equality Index and the Disability Equality Index, and rank among Forbes’ World’s Best Employers, Best Large Employers, Best Employers for Diversity, and Best Employers for Women, and Newsweek’s Most Responsible Companies.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
