Lincoln National (LNC) Lifted to Neutral at Goldman Sachs Group
Lincoln National (NYSE:LNC) was upgraded by equities researchers at Goldman Sachs Group from a “sell” rating to a “neutral” rating in a note issued to investors on Monday, The Fly reports.
A number of other research analysts have also weighed in on the company. Credit Suisse Group dropped their price objective on Lincoln National from $74.00 to $68.00 and set a “neutral” rating on the stock in a report on Friday, August 17th. Zacks Investment Research raised Lincoln National from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a report on Tuesday, July 24th. Deutsche Bank lowered their target price on Lincoln National from $87.00 to $82.00 and set a “buy” rating on the stock in a report on Monday, May 21st. ValuEngine lowered Lincoln National from a “sell” rating to a “strong sell” rating in a report on Monday, July 2nd. Finally, Morgan Stanley lowered their target price on Lincoln National from $79.00 to $78.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. Lincoln National has a consensus rating of “Hold” and an average price target of $81.00.
Shares of NYSE LNC opened at $65.06 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.19 and a quick ratio of 0.19. Lincoln National has a twelve month low of $61.18 and a twelve month high of $86.68. The company has a market capitalization of $14.10 billion, a price-to-earnings ratio of 8.35 and a beta of 1.95.
Several large investors have recently modified their holdings of LNC. Point72 Asia Hong Kong Ltd purchased a new position in Lincoln National during the first quarter worth about $111,000. CX Institutional purchased a new position in Lincoln National during the second quarter worth about $117,000. Mark Sheptoff Financial Planning LLC purchased a new position in Lincoln National during the second quarter worth about $128,000. Whittier Trust Co. lifted its position in Lincoln National by 38.7% during the second quarter. Whittier Trust Co. now owns 3,288 shares of the financial services provider’s stock worth $169,000 after buying an additional 917 shares during the period. Finally, Trilogy Capital Inc. purchased a new position in Lincoln National during the second quarter worth about $181,000. Institutional investors and hedge funds own 81.06% of the company’s stock.
Lincoln National Company Profile
Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The company sells a range of wealth protection, accumulation, and retirement income products and solutions.
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