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.

Lincoln National (NYSE:LNC) last released its earnings results on Wednesday, August 1st. The financial services provider reported $2.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.10 by ($0.08). The company had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4 billion. Lincoln National had a net margin of 13.31% and a return on equity of 11.04%. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.85 EPS. sell-side analysts anticipate that Lincoln National will post 8.33 earnings per share for the current year.

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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Analyst Recommendations for Lincoln National (NYSE:LNC)

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