Lincoln National Co. (LNC) Receives $83.27 Average Target Price from Analysts
Lincoln National Co. (NYSE:LNC) has been assigned a consensus recommendation of “Hold” from the fifteen ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $83.33.
LNC has been the topic of several research analyst reports. Barclays reaffirmed a “buy” rating and set a $90.00 price target on shares of Lincoln National in a research report on Tuesday, January 9th. Royal Bank of Canada reaffirmed a “buy” rating and set a $86.00 price target on shares of Lincoln National in a research report on Friday, December 8th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $89.00 price target on shares of Lincoln National in a research report on Friday, December 22nd. Deutsche Bank initiated coverage on shares of Lincoln National in a research report on Tuesday, January 2nd. They set a “buy” rating and a $84.00 price target on the stock. Finally, Zacks Investment Research raised shares of Lincoln National from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a research report on Monday, January 8th.
In related news, CFO Randal J. Freitag sold 31,657 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $84.32, for a total transaction of $2,669,318.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Dennis R. Glass sold 102,367 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $84.71, for a total transaction of $8,671,508.57. The disclosure for this sale can be found here. In the last quarter, insiders have sold 143,199 shares of company stock worth $12,108,644. 1.12% of the stock is owned by company insiders.
Lincoln National (NYSE LNC) traded down $0.15 during trading hours on Thursday, reaching $73.73. 1,140,334 shares of the company’s stock were exchanged, compared to its average volume of 1,523,092. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.28. The stock has a market cap of $16,092.16, a PE ratio of 7.98, a P/E/G ratio of 1.08 and a beta of 1.97. Lincoln National has a one year low of $61.45 and a one year high of $86.68.
Lincoln National (NYSE:LNC) last posted its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.04. The company had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.65 billion. Lincoln National had a net margin of 14.48% and a return on equity of 10.86%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.77 EPS. analysts predict that Lincoln National will post 8.5 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Tuesday, April 10th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, April 9th. This represents a $1.32 annualized dividend and a yield of 1.79%. Lincoln National’s dividend payout ratio (DPR) is 14.29%.
Lincoln National announced that its board has authorized a stock repurchase program on Friday, January 19th that allows the company to buyback outstanding shares. This buyback authorization allows the financial services provider to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
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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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