B. Riley Weighs in on Lincoln National Co.’s FY2017 Earnings (LNC)
Lincoln National Co. (NYSE:LNC) – B. Riley lifted their FY2017 earnings estimates for Lincoln National in a research note issued on Thursday. B. Riley analyst R. Binner now expects that the financial services provider will earn $7.67 per share for the year, up from their previous forecast of $7.65. B. Riley has a “Neutral” rating on the stock. B. Riley also issued estimates for Lincoln National’s Q4 2017 earnings at $1.88 EPS.
Several other research analysts have also recently issued reports on the stock. Royal Bank of Canada reiterated a “buy” rating and issued a $86.00 price objective on shares of Lincoln National in a report on Friday, December 8th. Zacks Investment Research upgraded shares of Lincoln National from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a report on Tuesday, September 12th. Citigroup reiterated a “buy” rating and issued a $83.00 price objective (up from $82.00) on shares of Lincoln National in a report on Thursday, September 14th. Morgan Stanley increased their price objective on shares of Lincoln National from $76.00 to $77.00 and gave the company an “equal weight” rating in a report on Thursday, October 5th. Finally, Wells Fargo & Co set a $80.00 price objective on shares of Lincoln National and gave the company a “hold” rating in a report on Thursday, November 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. Lincoln National presently has a consensus rating of “Hold” and a consensus price target of $82.09.
Lincoln National (NYSE LNC) opened at $79.09 on Friday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.30. The stock has a market cap of $17,310.00, a P/E ratio of 12.34, a PEG ratio of 1.14 and a beta of 2.01. Lincoln National has a 1-year low of $61.45 and a 1-year high of $79.58.
Lincoln National (NYSE:LNC) last posted its earnings results on Wednesday, November 1st. The financial services provider reported $2.03 EPS for the quarter, topping the consensus estimate of $1.84 by $0.19. The firm had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.62 billion. Lincoln National had a net margin of 10.50% and a return on equity of 11.16%. Lincoln National’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.89 EPS.
Hedge funds have recently added to or reduced their stakes in the stock. Sun Life Financial INC lifted its stake in Lincoln National by 20,600.0% during the second quarter. Sun Life Financial INC now owns 1,656 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 1,648 shares during the last quarter. D.A. Davidson & CO. lifted its stake in Lincoln National by 8.6% during the second quarter. D.A. Davidson & CO. now owns 1,726 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 136 shares during the last quarter. Valeo Financial Advisors LLC acquired a new stake in Lincoln National during the third quarter valued at approximately $171,000. Eqis Capital Management Inc. purchased a new stake in shares of Lincoln National in the 3rd quarter valued at approximately $227,000. Finally, Institute for Wealth Management LLC. purchased a new stake in shares of Lincoln National in the 2nd quarter valued at approximately $227,000. 80.32% of the stock is owned by institutional investors and hedge funds.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be paid a dividend of $0.33 per share. The ex-dividend date is Tuesday, January 9th. This is a positive change from Lincoln National’s previous quarterly dividend of $0.29. This represents a $1.32 annualized dividend and a yield of 1.67%. Lincoln National’s dividend payout ratio is currently 18.10%.
About Lincoln National
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.
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