Lincoln National Corporation (NYSE:LNC) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other equities research analysts have also issued reports on the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Lincoln National Corporation in a research note on Monday, June 26th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Lincoln National Corporation in a research note on Thursday, June 8th. Bank of America Corporation set a $78.00 target price on Lincoln National Corporation in a research note on Tuesday, July 4th. Zacks Investment Research lowered Lincoln National Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, Royal Bank Of Canada upped their target price on Lincoln National Corporation from $77.00 to $83.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $74.10.

Shares of Lincoln National Corporation (NYSE LNC) opened at 71.40 on Friday. The company has a 50 day moving average price of $70.77 and a 200 day moving average price of $68.20. The firm has a market cap of $15.81 billion, a PE ratio of 10.88 and a beta of 1.99. Lincoln National Corporation has a 12-month low of $44.74 and a 12-month high of $75.78.

Lincoln National Corporation (NYSE:LNC) last announced its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.73 by $0.12. The business had revenue of $3.58 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the company earned $1.56 EPS. On average, analysts forecast that Lincoln National Corporation will post $7.45 earnings per share for the current fiscal year.

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

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Lincoln National Corporation by 2,922.6% in the first quarter. BlackRock Inc. now owns 18,418,766 shares of the financial services provider’s stock worth $1,205,509,000 after buying an additional 17,809,394 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Lincoln National Corporation by 5.6% in the first quarter. Vanguard Group Inc. now owns 22,884,373 shares of the financial services provider’s stock worth $1,497,782,000 after buying an additional 1,215,192 shares in the last quarter. Teachers Advisors LLC raised its position in shares of Lincoln National Corporation by 158.6% in the first quarter. Teachers Advisors LLC now owns 1,612,351 shares of the financial services provider’s stock worth $105,528,000 after buying an additional 988,753 shares in the last quarter. Janus Capital Management LLC raised its position in shares of Lincoln National Corporation by 3,586.0% in the first quarter. Janus Capital Management LLC now owns 990,323 shares of the financial services provider’s stock worth $64,817,000 after buying an additional 963,456 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Lincoln National Corporation by 32.0% in the second quarter. JPMorgan Chase & Co. now owns 3,537,245 shares of the financial services provider’s stock worth $239,047,000 after buying an additional 857,436 shares in the last quarter. 80.15% of the stock is currently owned by institutional investors.

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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