Lincoln National Co. (NYSE:LNC) has been assigned an average recommendation of “Hold” from the sixteen brokerages that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $81.15.
A number of analysts have recently weighed in on LNC shares. ValuEngine downgraded shares of Lincoln National from a “hold” rating to a “sell” rating in a research report on Saturday, June 2nd. Wells Fargo & Co set a $76.00 target price on shares of Lincoln National and gave the stock a “hold” rating in a research report on Wednesday, May 2nd. Zacks Investment Research raised shares of Lincoln National from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Wednesday, July 4th. Deutsche Bank reduced their target price on shares of Lincoln National from $96.00 to $87.00 and set a “buy” rating on the stock in a research report on Friday, May 4th. Finally, Credit Suisse Group started coverage on shares of Lincoln National in a research report on Wednesday, April 25th. They issued a “neutral” rating and a $74.00 target price on the stock.
Get Lincoln National alerts:Shares of NYSE:LNC traded up $1.99 during midday trading on Wednesday, reaching $65.35. The company’s stock had a trading volume of 2,244,700 shares, compared to its average volume of 1,609,015. The company has a market capitalization of $13.86 billion, a PE ratio of 8.39 and a beta of 1.95. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.11 and a quick ratio of 0.11. Lincoln National has a 12-month low of $61.18 and a 12-month high of $86.68.
Lincoln National (NYSE:LNC) last released its earnings results on Wednesday, May 2nd. The financial services provider reported $1.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.94 by $0.03. The firm had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.80 billion. Lincoln National had a net margin of 13.90% and a return on equity of 10.69%. The company’s revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.92 EPS. equities analysts anticipate that Lincoln National will post 8.43 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 1st. Investors of record on Tuesday, July 10th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.02%. The ex-dividend date is Monday, July 9th. Lincoln National’s dividend payout ratio (DPR) is 16.94%.
In other news, Director Deirdre P. Connelly acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, May 4th. The shares were bought at an average cost of $67.09 per share, with a total value of $67,090.00. Following the transaction, the director now owns 1,000 shares of the company’s stock, valued at approximately $67,090. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.12% of the company’s stock.
A number of hedge funds have recently made changes to their positions in LNC. Amalgamated Bank grew its position in Lincoln National by 8.5% during the 4th quarter. Amalgamated Bank now owns 27,518 shares of the financial services provider’s stock valued at $2,115,000 after purchasing an additional 2,145 shares during the last quarter. Burney Co. bought a new position in Lincoln National during the 4th quarter valued at about $209,000. Lombard Odier Asset Management Switzerland SA lifted its stake in Lincoln National by 2.9% during the 4th quarter. Lombard Odier Asset Management Switzerland SA now owns 24,219 shares of the financial services provider’s stock valued at $1,862,000 after acquiring an additional 674 shares during the period. Amundi Pioneer Asset Management Inc. lifted its stake in Lincoln National by 17.8% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,213,557 shares of the financial services provider’s stock valued at $93,286,000 after acquiring an additional 183,500 shares during the period. Finally, MML Investors Services LLC lifted its stake in Lincoln National by 118.3% during the 4th quarter. MML Investors Services LLC now owns 8,552 shares of the financial services provider’s stock valued at $657,000 after acquiring an additional 4,634 shares during the period. 80.40% of the stock is currently owned by institutional investors.
Lincoln National Company Profile
Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The company sells a range of wealth protection, accumulation, and retirement income products and solutions.
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