Why Lincoln National Corp’s (LNC) Stock Is Up 6.53%

By AAII Staff
March 21, 2024
Featured Tickers:
LNC

Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Lincoln National Corp before investing.

In this article, we go over a few key elements for understanding Lincoln National Corp’s stock price such as:

  • Lincoln National Corp’s current stock price and volume
  • Why Lincoln National Corp’s stock price changed recently
  • Upgrades and downgrades for LNC from analysts
  • LNC’s stock price momentum as measured by its relative strength

About Lincoln National Corp (LNC)

Before we jump into Lincoln National Corp’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Lincoln National Corporation is a holding company, which operates multiple insurance and retirement businesses through subsidiary companies. Its segments include Annuities, Life Insurance, Group Protection and Retirement Plan Services. The Annuities segment provides tax-deferred investment growth and lifetime income opportunities for its clients by offering variable annuities, fixed annuities and indexed variable annuities. The Life Insurance segment provides life insurance products, including term insurance, indexed universal life insurance (IUL) and variable universal life insurance (VUL) products, linked-benefit products, and critical illness and long-term care riders. The Group Protection segment offers group non-medical insurance products and services, including short- and long-term disability, statutory disability and paid family medical leave administration. The Retirement Plan Services segment provides employers with retirement plan products and services.

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Lincoln National Corp’s Stock Price as of Market Close

As of March 21, 2024, 4:00 PM, CST, Lincoln National Corp’s stock price was $30.01.

Lincoln National Corp is up 6.53% from its previous closing price of $28.17.

During the last market session, Lincoln National Corp’s stock traded between $27.11 and $28.27. Currently, there are 169.66 million shares of Lincoln National Corp stock available for purchase.

Unfortunately, Lincoln National Corp’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Lincoln National Corp Stock Price History

Lincoln National Corp’s (LNC) price is currently up 8.97% so far this month.

During the month of March, Lincoln National Corp’s stock price has reached a high of $30.23 and a low of $25.60.

Over the last year, Lincoln National Corp has hit prices as high as $29.22 and as low as $18.50. Year to date, Lincoln National Corp’s stock is down 2.31%.

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What Caused Lincoln National Corp Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of March 20, 2024, there were 2 analysts who downgraded Lincoln National Corp’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Lincoln National Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Lincoln National Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Lincoln National Corp’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Lincoln National Corp (LNC) by visiting AAII Stock Evaluator.

Relative Price Strength of Lincoln National Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of March 20, 2024, Lincoln National Corp has a weighted four-quarter relative price strength of -2.28%, which translates to a Momentum Score of 63 and is considered to be Strong.

Want to learn more about how Lincoln National Corp is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Lincoln National Corp Stock Price: Bottom Line

As of March 21, 2024, Lincoln National Corp’s stock price is $30.01, which is up 6.53% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Lincoln National Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.

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