Lincoln National (LNC) Rating Lowered to Hold at Zacks Investment Research

Lincoln National (NYSE:LNC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

According to Zacks, “Lincoln National is poised to grow on the back of its increasing top line led by strong performance of the Life Insurance Segment. The company’s Group Protection segment, which was challenged earlier, has been recovering. The acquisition of Liberty's group benefits business will further aid Group Benefits segment. Lincoln National has also streamlined its business by axing unprofitable and non-core lines. The company’s operational efficiency and disciplined capital management are noteworthy. However, increased expense driven by investment in technology will dent margins for the next several quarters. High leverage is another cause for concern. Shares of the company have lost value in a year's time, but have fared better than the industry. The stock has seen the Zacks Consensus Estimate for 2018 and 2019 earnings being revised upward over the last 30 days.”

LNC has been the subject of a number of other research reports. UBS Group increased their price target on shares of Lincoln National from $73.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, October 8th. Bank of America lowered their price target on shares of Lincoln National from $79.00 to $75.00 and set a “buy” rating for the company in a report on Friday, November 2nd. ValuEngine raised shares of Lincoln National from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 13th. Deutsche Bank lowered their price target on shares of Lincoln National from $74.00 to $73.00 and set a “buy” rating for the company in a report on Monday, November 5th. Finally, Keefe, Bruyette & Woods raised shares of Lincoln National from a “market perform” rating to an “outperform” rating and set a $80.00 price target for the company in a report on Monday, November 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $76.69.



Shares of Lincoln National stock traded down $1.09 during trading on Friday, reaching $56.61. 487,544 shares of the stock traded hands, compared to its average volume of 1,588,356. The firm has a market cap of $12.71 billion, a price-to-earnings ratio of 7.27 and a beta of 1.87. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.39. Lincoln National has a 52-week low of $56.37 and a 52-week high of $86.68.

Lincoln National (NYSE:LNC) last issued its quarterly earnings data on Thursday, November 1st. The financial services provider reported $2.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.17 by $0.17. The firm had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.25 billion. Lincoln National had a return on equity of 11.61% and a net margin of 13.14%. The business’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.87 earnings per share. On average, equities analysts expect that Lincoln National will post 8.56 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jupiter Asset Management Ltd. increased its position in shares of Lincoln National by 1.8% during the third quarter. Jupiter Asset Management Ltd. now owns 44,873 shares of the financial services provider’s stock worth $3,035,000 after acquiring an additional 786 shares during the period. Sigma Planning Corp increased its position in shares of Lincoln National by 19.2% during the second quarter. Sigma Planning Corp now owns 4,882 shares of the financial services provider’s stock worth $304,000 after acquiring an additional 788 shares during the period. Franklin Street Advisors Inc. NC increased its position in shares of Lincoln National by 16.7% during the third quarter. Franklin Street Advisors Inc. NC now owns 6,026 shares of the financial services provider’s stock worth $408,000 after acquiring an additional 863 shares during the period. AGF Investments Inc. increased its position in shares of Lincoln National by 0.3% during the third quarter. AGF Investments Inc. now owns 295,876 shares of the financial services provider’s stock worth $20,019,000 after acquiring an additional 878 shares during the period. Finally, Crossmark Global Holdings Inc. increased its position in shares of Lincoln National by 3.1% during the third quarter. Crossmark Global Holdings Inc. now owns 29,241 shares of the financial services provider’s stock worth $1,978,000 after acquiring an additional 883 shares during the period. 80.85% of the stock is owned by institutional investors and hedge funds.

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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