Barclays Reiterates Buy Rating for Lincoln National (LNC)
Lincoln National (NYSE:LNC)‘s stock had its “buy” rating restated by equities researchers at Barclays in a research report issued on Tuesday. They presently have a $90.00 target price on the financial services provider’s stock. Barclays’ price target would suggest a potential upside of 11.33% from the company’s current price.
A number of other equities analysts have also issued reports on the company. Zacks Investment Research raised Lincoln National from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a research note on Monday. Deutsche Bank began coverage on Lincoln National in a research note on Tuesday, January 2nd. They set a “buy” rating and a $84.00 price target for the company. JPMorgan Chase & Co. raised Lincoln National from a “neutral” rating to an “overweight” rating and set a $87.00 price target for the company in a research note on Tuesday, January 2nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $89.00 price target on shares of Lincoln National in a research note on Friday, December 22nd. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $86.00 price target on shares of Lincoln National in a research note on Friday, December 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. Lincoln National presently has a consensus rating of “Buy” and an average price target of $83.27.
Shares of Lincoln National (NYSE LNC) traded up $1.90 during midday trading on Tuesday, reaching $80.84. The company’s stock had a trading volume of 319,828 shares, compared to its average volume of 1,037,020. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.30. The company has a market cap of $17,270.00, a price-to-earnings ratio of 12.61, a P/E/G ratio of 1.12 and a beta of 2.01. Lincoln National has a 52-week low of $61.45 and a 52-week high of $79.58.
Lincoln National (NYSE:LNC) last issued its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.19. The firm had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.62 billion. Lincoln National had a return on equity of 11.16% and a net margin of 10.50%. The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the company posted $1.89 EPS. analysts predict that Lincoln National will post 7.72 EPS for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Prudential Financial Inc. boosted its stake in shares of Lincoln National by 7.3% during the 3rd quarter. Prudential Financial Inc. now owns 1,031,558 shares of the financial services provider’s stock worth $75,798,000 after acquiring an additional 70,480 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Lincoln National by 2.9% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,127,315 shares of the financial services provider’s stock worth $82,835,000 after acquiring an additional 32,235 shares in the last quarter. Hellman Jordan Management Co. Inc. MA boosted its stake in shares of Lincoln National by 26.8% during the 3rd quarter. Hellman Jordan Management Co. Inc. MA now owns 13,812 shares of the financial services provider’s stock worth $1,015,000 after acquiring an additional 2,921 shares in the last quarter. Shelton Capital Management bought a new stake in shares of Lincoln National during the 3rd quarter worth $4,314,000. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of Lincoln National during the 3rd quarter worth $979,000. 80.32% of the stock is owned by institutional investors and hedge funds.
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Lincoln National Company Profile
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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