Several analysts have recently updated their ratings and price targets for Lincoln National Corporation (NYSE: LNC):

  • 8/8/2017 – Lincoln National Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $83.00 price target on the stock. According to Zacks, “Over the last one year, Lincoln National’s shares have outperformed the industry.  The company is well positioned for long-term growth, given its focus on reducing exposure to businesses with long-term guarantee. It has also streamlined its business by axing unprofitable and non-core lines.  In the second-quarter 2017 its earnings surpassed the Zacks Consensus Estimate and grew year over year on the back of on higher premiums, fee income, net investment income as well as other income. The stock has witnessed an upward revision in the Zacks Consensus Estimate for 2017 over the past seven days.  However, increased expense driven by investment in technology will dent margins over the next many quarters. Its declining cash flows bother.”
  • 8/4/2017 – Lincoln National Corporation had its price target raised by analysts at Royal Bank Of Canada from $77.00 to $83.00. They now have an “outperform” rating on the stock.
  • 8/3/2017 – Lincoln National Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/2/2017 – Lincoln National Corporation had its “hold” rating reaffirmed by analysts at Wells Fargo & Company.
  • 7/27/2017 – Lincoln National Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/11/2017 – Lincoln National Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $81.00 price target on the stock. According to Zacks, “Lincoln National is well positioned for long-term growth, given its focus on reducing exposure to businesses with long-term guarantee. Its strong capital position is another positive. The company is prudent in managing its capital which has led to an improvement in book value. Over last one year, the shares have gained 79% outperforming the Zacks categorized Life Insurance industry that increased only by 45%. However, the company’s growth has been restricted by economic volatility, intense competition the still-low interest rate environment that has weakened net flows, annuities and investment yields.”
  • 7/4/2017 – Lincoln National Corporation was given a new $78.00 price target on by analysts at Bank of America Corporation.
  • 6/26/2017 – Lincoln National Corporation had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods.
  • 6/13/2017 – Lincoln National Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Lincoln National is well positioned for long-term growth, given its focus on reducing exposure to businesses with long-term guarantee. Its strong capital position is another positive. Moreover, the company has a solid balance sheet owing to prudent capital deployment and improvement in book value. Over last one year, the shares have gained 64% outperforming the Zacks categorized Life Insurance industry that increased only by 45%. However, the company’s growth has been restricted by economic volatility, intense competition the still-low interest rate environment that has weakened net flows, annuities and investment yields.”

Shares of Lincoln National Corporation (NYSE LNC) traded down 2.69% during mid-day trading on Thursday, hitting $71.76. The stock had a trading volume of 1,312,740 shares. Lincoln National Corporation has a one year low of $44.68 and a one year high of $75.78. The stock has a market cap of $15.89 billion, a price-to-earnings ratio of 10.93 and a beta of 1.99. The firm has a 50 day moving average of $70.43 and a 200 day moving average of $68.14.

Lincoln National Corporation (NYSE:LNC) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.12. The company had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.56 billion. Lincoln National Corporation had a return on equity of 10.99% and a net margin of 10.85%. The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.56 earnings per share. On average, analysts forecast that Lincoln National Corporation will post $7.45 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.62%. Lincoln National Corporation’s payout ratio is 17.79%.

In other Lincoln National Corporation news, Director Isaiah Tidwell sold 13,946 shares of Lincoln National Corporation stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $65.04, for a total transaction of $907,047.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.41% of the stock is currently owned by insiders.

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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