Lincoln National Co. (NYSE:LNC) Receives Average Rating of “Hold” from Analysts

Lincoln National Co. (NYSE:LNC) has received a consensus rating of “Hold” from the eleven analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $32.64.

LNC has been the topic of a number of recent analyst reports. Morgan Stanley decreased their price target on Lincoln National from $30.00 to $29.00 and set an “equal weight” rating on the stock in a report on Monday, August 19th. JPMorgan Chase & Co. upped their price target on Lincoln National from $28.00 to $34.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 2nd. Barclays assumed coverage on shares of Lincoln National in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $35.00 price objective on the stock. Bank of America dropped their target price on shares of Lincoln National from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. Finally, Piper Sandler lifted their price target on shares of Lincoln National from $30.00 to $34.00 and gave the company a “neutral” rating in a report on Friday, June 28th.

Institutional Trading of Lincoln National

Hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its holdings in Lincoln National by 8.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,127,550 shares of the financial services provider’s stock valued at $57,383,000 after purchasing an additional 166,256 shares during the last quarter. Norges Bank purchased a new position in Lincoln National in the fourth quarter valued at $54,026,000. Wells Fargo & Company MN raised its stake in Lincoln National by 17.5% in the fourth quarter. Wells Fargo & Company MN now owns 962,266 shares of the financial services provider’s stock valued at $25,952,000 after buying an additional 143,071 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Lincoln National by 6.7% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 75,664 shares of the financial services provider’s stock worth $2,041,000 after buying an additional 4,738 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in Lincoln National by 43.0% in the fourth quarter. US Bancorp DE now owns 69,596 shares of the financial services provider’s stock valued at $1,877,000 after purchasing an additional 20,918 shares in the last quarter. Institutional investors and hedge funds own 72.81% of the company’s stock.

Lincoln National Stock Down 1.9 %

Shares of LNC stock opened at $30.92 on Wednesday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.82. Lincoln National has a 12 month low of $20.85 and a 12 month high of $36.46. The stock has a market cap of $5.26 billion, a P/E ratio of 4.23, a P/E/G ratio of 0.31 and a beta of 1.81. The company has a 50 day simple moving average of $30.97 and a two-hundred day simple moving average of $30.69.

Lincoln National (NYSE:LNC) last announced its earnings results on Thursday, August 1st. The financial services provider reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.07. Lincoln National had a return on equity of 17.13% and a net margin of 12.24%. The company had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $4.65 billion. During the same period last year, the firm earned $2.02 EPS. On average, research analysts expect that Lincoln National will post 5.71 earnings per share for the current year.

Lincoln National Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 5.82%. The ex-dividend date of this dividend is Thursday, October 10th. Lincoln National’s payout ratio is 24.62%.

Lincoln National Company Profile

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.