Lincoln National Corporation (NYSE:LNC) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a report released on Tuesday.

A number of other analysts have also weighed in on LNC. Wells Fargo & Company restated a “hold” rating on shares of Lincoln National Corporation in a research note on Thursday, May 4th. Zacks Investment Research upgraded shares of Lincoln National Corporation from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Monday, June 5th. Keefe, Bruyette & Woods restated a “hold” rating on shares of Lincoln National Corporation in a research note on Monday, June 26th. Bank of America Corporation set a $78.00 price objective on shares of Lincoln National Corporation in a research note on Tuesday, July 4th. Finally, Royal Bank Of Canada raised their price objective on shares of Lincoln National Corporation from $77.00 to $83.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $74.10.

Shares of Lincoln National Corporation (NYSE LNC) traded up 0.78% during trading on Tuesday, hitting $67.59. 925,777 shares of the stock traded hands. Lincoln National Corporation has a 12 month low of $44.74 and a 12 month high of $75.78. The company has a 50 day moving average price of $71.39 and a 200 day moving average price of $68.24. The firm has a market cap of $14.97 billion, a price-to-earnings ratio of 10.30 and a beta of 1.99.

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 business had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.56 billion. Lincoln National Corporation had a net margin of 10.85% and a return on equity of 10.99%. Lincoln National Corporation’s revenue was up 8.2% compared to the same quarter last year. During the same period last year, the business earned $1.56 EPS. Analysts anticipate that Lincoln National Corporation will post $7.46 earnings per share for the current fiscal year.

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In other news, Director Isaiah Tidwell sold 13,946 shares of Lincoln National Corporation stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $65.04, for a total value of $907,047.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.41% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd raised its stake in shares of Lincoln National Corporation by 9.4% in the second quarter. Dynamic Technology Lab Private Ltd now owns 12,949 shares of the financial services provider’s stock worth $876,000 after buying an additional 1,113 shares in the last quarter. Krilogy Financial LLC raised its stake in shares of Lincoln National Corporation by 1.2% in the second quarter. Krilogy Financial LLC now owns 3,460 shares of the financial services provider’s stock worth $234,000 after buying an additional 40 shares in the last quarter. Altavista Wealth Management Inc. raised its stake in shares of Lincoln National Corporation by 0.3% in the second quarter. Altavista Wealth Management Inc. now owns 66,979 shares of the financial services provider’s stock worth $4,526,000 after buying an additional 188 shares in the last quarter. Nomura Holdings Inc. raised its stake in shares of Lincoln National Corporation by 601.0% in the second quarter. Nomura Holdings Inc. now owns 39,875 shares of the financial services provider’s stock worth $2,695,000 after buying an additional 34,187 shares in the last quarter. Finally, DF Dent & Co. Inc. raised its stake in shares of Lincoln National Corporation by 122.3% in the second quarter. DF Dent & Co. Inc. now owns 11,155 shares of the financial services provider’s stock worth $754,000 after buying an additional 6,138 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Lincoln National Corporation 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.

Analyst Recommendations for Lincoln National Corporation (NYSE:LNC)

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