Taking a Fresh Look at Lincoln National Corporation (LNC)

Lincoln National Corporation (NYSE:LNC) is an interesting player in the Financial space, with a focus on Life Insurance. The stock has been active on the tape, currently trading at $66.54, up from yesterday’s close by -1.61%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

No amount of research is complete without a bird’s eye view of the financial data. Lincoln National Corporation (LNC) currently trades with a market capitalization of $15.21B. That value represents a market adjusting for revenues that have been falling by -5.20% on a quarterly year/year basis as of the company’s last quarterly report.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For LNC, the company currently has $5.25B of cash on the books, which is offset by $6.67B current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $2.96B over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of 1.69 on a per share basis this quarter. Perhaps, that suggests something about why 84.30% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Lincoln National Corporation recorded a 52-week high of 69.49. It is now trading 1.86 off that level. The stock is trading 66.54 its 50-day moving average by -1.09. The stock carved out a 52-week low down at 30.39.

In recent action, Lincoln National Corporation (LNC) has made a move of -0.75% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is outperforming the S&P 500 by 43.61, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 227.33M with 2.41% sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of LNC.

Previous articleChecking the Overall Picture for American Equity Investment Life Holding Company (AEL)
Next articleTaking a Fresh Look at PTC Therapeutics, Inc. (PTCT)