Equities research analysts at Goldman Sachs Group, Inc. (The) started coverage on shares of Lincoln National Corporation (NYSE:LNC) in a report issued on Wednesday. The firm set a “sell” rating and a $71.00 price target on the financial services provider’s stock. Goldman Sachs Group, Inc. (The)’s price target points to a potential downside of 6.02% from the company’s previous close.

Several other brokerages also recently commented on LNC. BidaskClub downgraded shares of Lincoln National Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 12th. Zacks Investment Research cut shares of Lincoln National Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Lincoln National Corporation in a research note on Monday, June 26th. Wells Fargo & Co reaffirmed a “hold” rating on shares of Lincoln National Corporation in a research note on Wednesday, August 2nd. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $83.00 target price (up from $82.00) on shares of Lincoln National Corporation in a research note on Thursday, September 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $76.50.

Lincoln National Corporation (LNC) traded up 0.73% on Wednesday, hitting $75.55. 1,082,805 shares of the stock were exchanged. The firm has a market cap of $16.73 billion, a P/E ratio of 11.51 and a beta of 1.99. Lincoln National Corporation has a 12 month low of $47.71 and a 12 month high of $76.10. The company has a 50-day moving average of $71.97 and a 200 day moving average of $68.98.

Lincoln National Corporation (NYSE:LNC) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.73 by $0.12. The firm had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.56 billion. Lincoln National Corporation had a net margin of 10.85% and a return on equity of 10.99%. The company’s revenue was up 8.2% on a year-over-year basis. During the same period last year, the firm earned $1.56 EPS. Equities research analysts expect that Lincoln National Corporation will post $7.49 earnings per share for the current fiscal year.

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Large investors have recently modified their holdings of the business. Trust Co. of Vermont purchased a new position in shares of Lincoln National Corporation in the 2nd quarter worth $101,000. Sun Life Financial INC grew its stake in shares of Lincoln National Corporation by 20,600.0% in the 2nd quarter. Sun Life Financial INC now owns 1,656 shares of the financial services provider’s stock worth $112,000 after buying an additional 1,648 shares in the last quarter. D.A. Davidson & CO. grew its stake in shares of Lincoln National Corporation by 8.6% in the 2nd quarter. D.A. Davidson & CO. now owns 1,726 shares of the financial services provider’s stock worth $116,000 after buying an additional 136 shares in the last quarter. Balentine LLC grew its stake in shares of Lincoln National Corporation by 120.4% in the 1st quarter. Balentine LLC now owns 2,965 shares of the financial services provider’s stock worth $194,000 after buying an additional 1,620 shares in the last quarter. Finally, Stratos Wealth Partners LTD. purchased a new position in shares of Lincoln National Corporation in the 2nd quarter worth $200,000. 79.80% of the stock is owned by institutional investors and hedge funds.

About Lincoln National Corporation

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.

Analyst Recommendations for Lincoln National Corporation (NYSE:LNC)

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