Director Owen Ryan Acquires 10,000 Shares of Lincoln National Corp (LNC)
On February 9, 2024, Owen Ryan, a member of the board of directors at Lincoln National Corp (NYSE:LNC), executed a purchase of 10,000 shares of the company's stock, according to a recent SEC Filing. The transaction was carried out at a price of $25.9 per share.
Lincoln National Corp, operating under the ticker NYSE:LNC, is a financial services company that provides various insurance and investment management products. The company's offerings include life insurance, annuities, retirement plan services, and group protection, aiming to help customers secure their financial futures.
Insider buying and selling activities are closely monitored by investors as they can provide insights into a company's internal perspective. An insider purchase can indicate the insider's confidence in the company's future prospects or that the shares are undervalued. Conversely, insider selling might suggest the opposite or reflect personal financial needs rather than a negative outlook on the company's valuation.
Over the past year, the insider has purchased a total of 10,000 shares and has not sold any shares of Lincoln National Corp. This recent acquisition by the insider is part of a trend that has seen 1 insider buys over the past year, with no insider sells in the same period.
On the valuation front, Lincoln National Corp's shares were trading at $25.9 on the day of the insider's purchase, resulting in a market cap of $4,640.252 billion. The stock's price relative to the GuruFocus Value (GF Value) indicates that it is significantly undervalued. The GF Value, which stands at $47.47, suggests a price-to-GF-Value ratio of 0.55.
The GF Value is a proprietary intrinsic value estimate from GuruFocus. It is calculated based on historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. Additionally, it incorporates a GuruFocus adjustment factor that accounts for the company's past returns and growth, as well as future business performance estimates provided by Morningstar analysts.
The recent insider purchase by Owen Ryan may signal a belief in the company's value proposition and future performance, as reflected in the current stock price's significant discount to the GF Value.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
