Analysts Set Lincoln National Co. (LNC) Price Target at $77.25

Lincoln National Co. (NYSE:LNC) has been given an average recommendation of “Hold” by the fourteen ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $77.25.

Several equities analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Lincoln National from a “buy” rating to a “hold” rating in a report on Thursday, November 29th. ValuEngine upgraded shares of Lincoln National from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 13th. Morgan Stanley reduced their price target on shares of Lincoln National from $76.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 13th. Deutsche Bank reduced their price target on shares of Lincoln National from $74.00 to $73.00 and set a “buy” rating on the stock in a research report on Monday, November 5th. Finally, Keefe, Bruyette & Woods upgraded shares of Lincoln National from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Monday, November 5th.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its position in Lincoln National by 3.2% in the second quarter. BlackRock Inc. now owns 19,580,560 shares of the financial services provider’s stock worth $1,218,887,000 after purchasing an additional 610,043 shares during the last quarter. JPMorgan Chase & Co. increased its position in Lincoln National by 59.7% during the third quarter. JPMorgan Chase & Co. now owns 11,919,511 shares of the financial services provider’s stock valued at $806,475,000 after acquiring an additional 4,457,743 shares during the last quarter. FMR LLC increased its position in Lincoln National by 0.3% during the third quarter. FMR LLC now owns 5,714,564 shares of the financial services provider’s stock valued at $386,648,000 after acquiring an additional 18,561 shares during the last quarter. LSV Asset Management increased its position in Lincoln National by 0.3% during the third quarter. LSV Asset Management now owns 5,671,951 shares of the financial services provider’s stock valued at $383,764,000 after acquiring an additional 16,202 shares during the last quarter. Finally, Lyrical Asset Management LP increased its position in Lincoln National by 5.1% during the third quarter. Lyrical Asset Management LP now owns 5,068,451 shares of the financial services provider’s stock valued at $342,931,000 after acquiring an additional 247,509 shares during the last quarter. Institutional investors own 80.85% of the company’s stock.



Shares of LNC stock traded down $1.80 during mid-day trading on Friday, hitting $57.70. The company had a trading volume of 2,524,200 shares, compared to its average volume of 1,605,832. Lincoln National has a 52-week low of $56.37 and a 52-week high of $86.68. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.19 and a current ratio of 0.19. The company has a market capitalization of $12.71 billion, a PE ratio of 7.27 and a beta of 1.87.

Lincoln National (NYSE:LNC) last released its earnings results on Thursday, November 1st. The financial services provider reported $2.34 EPS for the quarter, topping the consensus estimate of $2.17 by $0.17. Lincoln National had a net margin of 13.14% and a return on equity of 11.61%. The firm had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.25 billion. During the same quarter in the previous year, the firm earned $1.87 earnings per share. The company’s quarterly revenue was up 21.4% compared to the same quarter last year. On average, research analysts predict that Lincoln National will post 8.56 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 1st. Investors of record on Thursday, January 10th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Wednesday, January 9th. This is a boost from Lincoln National’s previous quarterly dividend of $0.33. Lincoln National’s payout ratio is currently 16.94%.

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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