Lincoln National Corporation (NYSE:LNC) had its price target upped by equities research analysts at Morgan Stanley from $76.00 to $77.00 in a report issued on Thursday. The firm currently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s target price would indicate a potential upside of 3.77% from the company’s current price.

Several other equities analysts have also weighed in on LNC. Wells Fargo & Company reiterated a “hold” rating on shares of Lincoln National Corporation in a report on Thursday, June 8th. BidaskClub raised shares of Lincoln National Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Keefe, Bruyette & Woods reissued 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 target on shares of Lincoln National Corporation in a research note on Tuesday, July 4th. Finally, Zacks Investment Research raised shares of Lincoln National Corporation from a “hold” rating to a “strong-buy” rating and set a $81.00 price target on the stock in a research note on Tuesday, July 11th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $75.10.

Lincoln National Corporation (LNC) traded up 0.75% during mid-day trading on Thursday, reaching $74.76. 92,334 shares of the company were exchanged. The company has a market capitalization of $16.56 billion, a price-to-earnings ratio of 11.39 and a beta of 1.99. Lincoln National Corporation has a 1-year low of $47.36 and a 1-year high of $75.78. The company has a 50 day moving average of $69.82 and a 200-day moving average of $68.18.

Lincoln National Corporation (NYSE:LNC) last posted its earnings results on Wednesday, August 2nd. The financial services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.12. The company had revenue of $3.58 billion for 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% on a year-over-year basis. During the same period in the previous year, the business posted $1.56 EPS. On average, equities research analysts forecast that Lincoln National Corporation will post $7.47 EPS for the current year.

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Institutional investors and hedge funds have recently made changes to their positions in the stock. Trust Co. of Vermont purchased a new stake in Lincoln National Corporation during the 2nd quarter worth approximately $101,000. Sun Life Financial INC increased its stake in Lincoln National Corporation by 20,600.0% during the 2nd quarter. Sun Life Financial INC now owns 1,656 shares of the financial services provider’s stock worth $112,000 after buying an additional 1,648 shares during the period. D.A. Davidson & CO. increased its stake in Lincoln National Corporation by 8.6% during the 2nd quarter. D.A. Davidson & CO. now owns 1,726 shares of the financial services provider’s stock worth $116,000 after buying an additional 136 shares during the period. SRS Capital Advisors Inc. increased its stake in Lincoln National Corporation by 15.9% during the 1st quarter. SRS Capital Advisors Inc. now owns 2,073 shares of the financial services provider’s stock worth $135,000 after buying an additional 285 shares during the period. Finally, Balentine LLC increased its stake in Lincoln National Corporation by 120.4% during the 1st quarter. Balentine LLC now owns 2,965 shares of the financial services provider’s stock worth $194,000 after buying an additional 1,620 shares during the period. 79.85% of the stock is currently owned by hedge funds and other 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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