Goldman Sachs Group, Inc. (The) Begins Coverage on Lincoln National Corporation (NYSE:LNC)

Investment analysts at Goldman Sachs Group, Inc. (The) assumed coverage on shares of Lincoln National Corporation (NYSE:LNC) in a note issued to investors on Wednesday, October 18th. The firm set a “sell” rating and a $71.00 price target on the financial services provider’s stock. Goldman Sachs Group, Inc. (The)’s price objective indicates a potential downside of 7.78% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on LNC. Zacks Investment Research upgraded shares of Lincoln National Corporation from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a research report on Thursday, August 24th. BidaskClub cut shares of Lincoln National Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Morgan Stanley raised their price objective on shares of Lincoln National Corporation from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 5th. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Lincoln National Corporation in a research note on Monday, June 26th. Finally, Royal Bank Of Canada lifted their price target on shares of Lincoln National Corporation from $77.00 to $83.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $76.50.

Lincoln National Corporation (LNC) opened at 76.99 on Wednesday. The company has a market capitalization of $17.05 billion, a PE ratio of 11.73 and a beta of 1.99. The stock has a 50 day moving average price of $72.78 and a 200-day moving average price of $69.33. Lincoln National Corporation has a 52 week low of $47.90 and a 52 week high of $77.36.

Lincoln National Corporation (NYSE:LNC) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.85 EPS for the quarter, beating the consensus estimate of $1.73 by $0.12. The business had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.56 billion. Lincoln National Corporation had a net margin of 10.85% and a return on equity of 10.99%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.56 EPS. On average, equities analysts predict that Lincoln National Corporation will post $7.49 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently modified their holdings of the business. Azimuth Capital Management LLC boosted its position in shares of Lincoln National Corporation by 0.3% during the 1st quarter. Azimuth Capital Management LLC now owns 7,185 shares of the financial services provider’s stock worth $470,000 after purchasing an additional 25 shares in the last quarter. Stratford Consulting LLC boosted its position in shares of Lincoln National Corporation by 0.4% during the 2nd quarter. Stratford Consulting LLC now owns 6,432 shares of the financial services provider’s stock worth $435,000 after purchasing an additional 27 shares in the last quarter. Savant Capital LLC boosted its position in shares of Lincoln National Corporation by 0.4% during the 2nd quarter. Savant Capital LLC now owns 6,847 shares of the financial services provider’s stock worth $463,000 after purchasing an additional 30 shares in the last quarter. Krilogy Financial LLC boosted its position in shares of Lincoln National Corporation by 1.2% during the 2nd quarter. Krilogy Financial LLC now owns 3,460 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 40 shares in the last quarter. Finally, Financial Architects Inc boosted its position in shares of Lincoln National Corporation by 2.3% in the 2nd quarter. Financial Architects Inc now owns 2,968 shares of the financial services provider’s stock worth $201,000 after buying an additional 68 shares in the last quarter. Institutional investors own 80.00% of the company’s stock.

About Lincoln National Corporation

Lincoln National Corporation is a holding company, which operates insurance and retirement businesses through subsidiary companies. The Company sells a range of wealth protection, accumulation and retirement income products and solutions, through its business segments. The Company operates through four segments: Annuities segment, which offers fixed (including indexed) and variable annuities; Retirement Plan Services segment, which provides employers with retirement plan products and services; Life Insurance segment, which focuses on the creation and protection of wealth through life insurance products, and Group Protection, which offers principally group non-medical insurance products.

Analyst Recommendations for Lincoln National Corporation (NYSE:LNC)

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