Lincoln National Corporation (NYSE:LNC) Receives Consensus Rating of “Hold” from Brokerages

Shares of Lincoln National Corporation (NYSE:LNC) have been assigned an average rating of “Hold” from the fifteen brokerages that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $46.25.

LNC has been the topic of several recent analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Lincoln National in a research report on Monday, December 29th. TD Cowen reaffirmed a “hold” rating on shares of Lincoln National in a research note on Wednesday, January 28th. Zacks Research cut shares of Lincoln National from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 4th. Mizuho initiated coverage on shares of Lincoln National in a research report on Tuesday, December 16th. They set an “outperform” rating and a $52.00 target price for the company. Finally, Jefferies Financial Group increased their price target on shares of Lincoln National from $52.00 to $59.00 and gave the company a “buy” rating in a research report on Monday, December 15th.

Insider Buying and Selling

In other Lincoln National news, EVP John Christopher Kennedy sold 3,519 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $44.15, for a total transaction of $155,363.85. Following the completion of the transaction, the executive vice president owned 118,985 shares of the company’s stock, valued at approximately $5,253,187.75. This trade represents a 2.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. CSM Advisors LLC boosted its stake in shares of Lincoln National by 58.2% during the 4th quarter. CSM Advisors LLC now owns 528,853 shares of the financial services provider’s stock worth $23,549,000 after purchasing an additional 194,599 shares during the last quarter. Picton Mahoney Asset Management purchased a new stake in Lincoln National in the 4th quarter worth approximately $2,068,000. M Holdings Securities Inc. acquired a new position in Lincoln National in the 4th quarter valued at $1,760,000. Janney Montgomery Scott LLC lifted its stake in shares of Lincoln National by 10.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 205,403 shares of the financial services provider’s stock worth $9,147,000 after purchasing an additional 19,742 shares during the period. Finally, Deutsche Bank AG boosted its holdings in shares of Lincoln National by 29.3% during the fourth quarter. Deutsche Bank AG now owns 130,202 shares of the financial services provider’s stock worth $5,798,000 after purchasing an additional 29,478 shares during the last quarter. Institutional investors and hedge funds own 72.81% of the company’s stock.

Lincoln National Trading Down 2.3%

Shares of LNC stock opened at $38.43 on Friday. The business’s fifty day moving average price is $43.05 and its 200 day moving average price is $41.28. The firm has a market capitalization of $7.30 billion, a PE ratio of 3.45, a P/E/G ratio of 0.42 and a beta of 1.30. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.28 and a quick ratio of 0.28. Lincoln National has a 1-year low of $27.58 and a 1-year high of $46.82.

About Lincoln National

Lincoln National Corporation, doing business as Lincoln Financial Group, is a diversified financial services holding company focused on providing retirement, insurance, and wealth management solutions in the United States and select international markets. Headquartered in Radnor, Pennsylvania, the company operates through several business segments, including Retirement Plan Services, Life Insurance, and Group Protection. Its offerings are designed to help individuals, families, and institutions plan and prepare for their financial futures.

The Retirement Plan Services segment delivers recordkeeping, administrative services, and investment management for defined contribution and defined benefit plans.