Lincoln National Corp (NYSE:LNC) close to 52-week high, short interest increasing

Lincoln National Corp (NYSE:LNC) (TREND ANALYSIS) shares were traded with no significant volume change. The stock closed last trading session at $58.23, up by 1.75%, with a volume of 3,179,474 shares against an average volume for the last 3 months of 2,179,080.

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LNC reported last quarter earnings on April 29. The Life & Health Insurance company announced earnings per share of $1.35 against a consensus Street estimate of $1.49, missing estimate by $0.14. This corresponds to an increase of $0.21 compared to the same quarter of the previous fiscal year.

Lincoln National Corp (NYSE:LNC) is currently trading 3.95% below its 52-week-high, 29.62% above its 52-week-low. The 12-months range for the stock is $44.92 – $60.63. Lincoln National Corp (LNC) has a price to earnings ratio of 10.27 versus S&P 500 average of 18.16. LNC stock price has underperformed the S&P 500 by 1.2%. The Life & Health Insurance company is currently valued at $14.91 billion and its share price closed the last trading session at $58.23. The stock has a 50-day moving average of $57.43 and a 200-day moving average of $55.67.

Lincoln National Corp (LNC) current short interest stands at 7.28 million shares. It has increased by 12% from the same period of last month. Around 3% of the company’s shares, which are float, are short sold. With a 10-days average volume of 1.83 million shares, the number of days required to cover the short positions stand at 4 days.

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There are currently eighteen analysts that cover LNC stock. Of those eighteen, nine have a Buy rating, eight have a Hold rating and one has a Sell rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $61.86.

A recent analyst activity consisted of Keefe Bruyette & Woods reiterating their Market Perform stance on April 22. Keefe Bruyette & Woods increased their price target on LNC from $62 to $63. This corresponds to a 8.19% upside from the last closing price. On the date of report, the stock closed at $58.14.

Deutsche Bank reiterated their Hold stance on February 9, and increased their price target on LNC stock from $61 to $62. This corresponds to a 6.47% upside from the last closing price. On the date of report, the stock closed at $56.33.

Company profile

Lincoln National Corporation is a financial services company headquartered in Radnor, PA, marketed as Lincoln Financial Group. The company offers diverse solutions including: annuities; life, group life, disability and dental insurance; employer-sponsored retirement plans; savings plans; and comprehensive financial planning and advisory services.

Lincoln National Corp (NYSE:LNC) close to 52-week high, short interest increasing was last modified: April 30th, 2015 by Pat Mayfield