Analysts Set Lincoln National Co. (NYSE:LNC) Target Price at $29.90

Shares of Lincoln National Co. (NYSE:LNCGet Free Report) have been assigned an average rating of “Hold” from the eleven ratings firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $29.90.

LNC has been the topic of several analyst reports. Keefe, Bruyette & Woods boosted their price target on shares of Lincoln National from $30.00 to $32.00 and gave the stock a “market perform” rating in a report on Wednesday, April 10th. Wells Fargo & Company cut their price target on shares of Lincoln National from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Friday, May 10th. StockNews.com upgraded shares of Lincoln National from a “sell” rating to a “hold” rating in a report on Monday, April 15th. JPMorgan Chase & Co. lifted their price objective on shares of Lincoln National from $26.00 to $29.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 2nd. Finally, Jefferies Financial Group raised shares of Lincoln National from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $26.00 to $34.00 in a research report on Wednesday, May 22nd.

Read Our Latest Research Report on LNC

Lincoln National Stock Up 0.3 %

Shares of NYSE LNC opened at $31.97 on Monday. The stock has a market capitalization of $5.44 billion, a P/E ratio of 4.37, a P/E/G ratio of 0.25 and a beta of 1.85. The company has a 50-day moving average price of $30.17 and a 200-day moving average price of $28.54. Lincoln National has a 1 year low of $20.85 and a 1 year high of $33.33. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.26 and a quick ratio of 0.26.

Lincoln National (NYSE:LNCGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.27. Lincoln National had a net margin of 11.31% and a return on equity of 19.50%. The business had revenue of $4.58 billion for the quarter, compared to analysts’ expectations of $4.64 billion. On average, equities research analysts forecast that Lincoln National will post 6 EPS for the current fiscal year.

Lincoln National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 5.63%. The ex-dividend date of this dividend is Wednesday, July 10th. Lincoln National’s dividend payout ratio (DPR) is currently 24.62%.

Insider Activity

In other news, EVP Sean Woodroffe sold 55,127 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $32.57, for a total value of $1,795,486.39. Following the sale, the executive vice president now owns 198,255 shares of the company’s stock, valued at $6,457,165.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.54% of the company’s stock.

Institutional Trading of Lincoln National

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Lincoln National by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 21,854,837 shares of the financial services provider’s stock worth $697,825,000 after acquiring an additional 166,167 shares during the period. Hsbc Holdings PLC increased its holdings in Lincoln National by 2,107.9% during the 3rd quarter. Hsbc Holdings PLC now owns 4,279,462 shares of the financial services provider’s stock worth $105,703,000 after acquiring an additional 4,085,637 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in Lincoln National by 53.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 3,157,195 shares of the financial services provider’s stock worth $77,951,000 after acquiring an additional 1,098,532 shares during the period. Dimensional Fund Advisors LP increased its holdings in Lincoln National by 8.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,127,550 shares of the financial services provider’s stock worth $57,383,000 after acquiring an additional 166,256 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Lincoln National by 5.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,068,422 shares of the financial services provider’s stock worth $55,785,000 after acquiring an additional 107,769 shares during the period. Institutional investors own 72.81% of the company’s stock.

About Lincoln National

(Get Free Report

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates in four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders.

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Analyst Recommendations for Lincoln National (NYSE:LNC)

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