Shares of Lincoln National Co. (NYSE:LNC) have received a consensus recommendation of “Hold” from the eleven brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $75.22.
Several analysts recently issued reports on the stock. UBS Group boosted their price objective on shares of Lincoln National from $67.00 to $69.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Goldman Sachs Group upgraded shares of Lincoln National from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $65.00 to $77.00 in a report on Tuesday, June 25th. JPMorgan Chase & Co. set a $92.00 price objective on shares of Lincoln National and gave the company a “buy” rating in a report on Thursday, May 2nd. Zacks Investment Research lowered shares of Lincoln National from a “buy” rating to a “hold” rating in a report on Tuesday, May 21st. Finally, Wells Fargo & Co restated a “hold” rating and issued a $69.00 price objective on shares of Lincoln National in a report on Wednesday, July 31st.
In other Lincoln National news, EVP Lisa Buckingham sold 8,500 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $62.70, for a total value of $532,950.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Christine A. Janofsky sold 7,928 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $62.62, for a total value of $496,451.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,166 shares of company stock valued at $1,785,211. Corporate insiders own 1.50% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in Lincoln National by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,216,834 shares of the financial services provider’s stock worth $113,748,000 after buying an additional 57,696 shares during the last quarter. Geode Capital Management LLC raised its position in Lincoln National by 7.3% during the 4th quarter. Geode Capital Management LLC now owns 2,898,554 shares of the financial services provider’s stock worth $148,472,000 after buying an additional 197,294 shares during the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in Lincoln National during the 4th quarter worth approximately $293,000. Thrivent Financial for Lutherans raised its position in Lincoln National by 1.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 9,559 shares of the financial services provider’s stock worth $490,000 after buying an additional 168 shares during the last quarter. Finally, Dalton Greiner Hartman Maher & Co. purchased a new position in Lincoln National during the 1st quarter worth approximately $260,000. Institutional investors and hedge funds own 81.53% of the company’s stock.
LNC traded up $0.72 on Thursday, hitting $54.48. 1,987,183 shares of the company’s stock were exchanged, compared to its average volume of 1,617,236. Lincoln National has a fifty-two week low of $48.07 and a fifty-two week high of $71.27. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.21 and a current ratio of 0.21. The firm’s 50-day simple moving average is $63.52. The company has a market capitalization of $10.86 billion, a PE ratio of 6.42, a price-to-earnings-growth ratio of 0.67 and a beta of 1.91.
Lincoln National (NYSE:LNC) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $2.36 EPS for the quarter, topping the consensus estimate of $2.32 by $0.04. Lincoln National had a return on equity of 11.85% and a net margin of 8.74%. The business had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.46 billion. During the same quarter in the previous year, the firm earned $2.02 EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. As a group, equities research analysts forecast that Lincoln National will post 9.3 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend is Wednesday, October 9th. Lincoln National’s dividend payout ratio is presently 17.45%.
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 Annuities segment offers variable, fixed, and indexed variable annuities.
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