Wells Fargo & Co reaffirmed their hold rating on shares of Lincoln National (NYSE:LNC) in a research note released on Friday, AnalystRatings.com reports.
Several other brokerages have also commented on LNC. ValuEngine upgraded Lincoln National from a strong sell rating to a sell rating in a research note on Wednesday, October 2nd. Zacks Investment Research lowered Lincoln National from a hold rating to a sell rating and set a $61.00 price objective on the stock. in a research note on Monday, November 25th. Barclays set a $69.00 target price on Lincoln National and gave the stock a buy rating in a report on Monday, August 12th. Morgan Stanley dropped their target price on shares of Lincoln National from $76.00 to $75.00 and set an equal weight rating for the company in a research report on Tuesday, August 20th. Finally, UBS Group raised their price target on shares of Lincoln National from $55.00 to $56.00 and gave the company a neutral rating in a report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. Lincoln National has a consensus rating of Hold and an average price target of $70.63.
Shares of NYSE LNC opened at $57.77 on Friday. The stock has a market capitalization of $11.46 billion, a PE ratio of 6.81, a P/E/G ratio of 0.97 and a beta of 1.97. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.30. The firm has a fifty day moving average of $59.32 and a 200-day moving average of $60.15. Lincoln National has a 52-week low of $48.07 and a 52-week high of $67.52.
Lincoln National (NYSE:LNC) last issued its earnings results on Wednesday, October 30th. The financial services provider reported ($0.25) earnings per share for the quarter, missing the consensus estimate of $2.41 by ($2.66). Lincoln National had a return on equity of 10.64% and a net margin of 4.82%. The firm had revenue of $4.70 billion during the quarter, compared to analysts’ expectations of $4.47 billion. During the same period last year, the business posted $2.34 earnings per share. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. Equities research analysts expect that Lincoln National will post 6.63 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, February 1st. Investors of record on Friday, January 10th will be issued a $0.40 dividend. This is an increase from Lincoln National’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Thursday, January 9th. Lincoln National’s dividend payout ratio is currently 17.45%.
A number of large investors have recently added to or reduced their stakes in the business. GAM Holding AG increased its stake in Lincoln National by 126.0% during the 2nd quarter. GAM Holding AG now owns 15,511 shares of the financial services provider’s stock worth $1,000,000 after buying an additional 8,647 shares during the period. Private Capital Group LLC increased its position in shares of Lincoln National by 39.5% during the second quarter. Private Capital Group LLC now owns 1,184 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 335 shares during the last quarter. Impax Asset Management Group plc increased its position in shares of Lincoln National by 6.7% during the second quarter. Impax Asset Management Group plc now owns 3,706 shares of the financial services provider’s stock worth $239,000 after acquiring an additional 233 shares during the last quarter. Balyasny Asset Management LLC lifted its stake in shares of Lincoln National by 14.1% in the second quarter. Balyasny Asset Management LLC now owns 24,699 shares of the financial services provider’s stock worth $1,592,000 after acquiring an additional 3,056 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in shares of Lincoln National in the second quarter worth about $39,000. 80.36% 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 Annuities segment offers variable, fixed, and indexed variable annuities.
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