Lincoln National (NYSE:LNC) PT Raised to $56.00

Lincoln National (NYSE:LNC) had its target price raised by research analysts at UBS Group from $55.00 to $56.00 in a research report issued to clients and investors on Thursday, BenzingaRatingsTable reports. The firm currently has a “neutral” rating on the financial services provider’s stock. UBS Group’s target price suggests a potential upside of 0.34% from the stock’s current price.

Several other equities analysts also recently issued reports on the stock. Goldman Sachs Group raised shares of Lincoln National from a “neutral” rating to a “buy” rating and upped their price objective for the company from $65.00 to $77.00 in a research note on Tuesday, June 25th. Citigroup reduced their price objective on shares of Lincoln National from $75.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, September 13th. Morgan Stanley reduced their price objective on shares of Lincoln National from $76.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 20th. Wells Fargo & Co reduced their price objective on shares of Lincoln National from $69.00 to $65.00 and set a “market perform” rating on the stock in a research note on Tuesday. Finally, ValuEngine raised shares of Lincoln National from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $73.09.

Shares of LNC traded up $1.46 on Thursday, hitting $55.81. 11,302 shares of the stock traded hands, compared to its average volume of 1,278,624. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $10.88 billion, a P/E ratio of 6.58, a P/E/G ratio of 0.67 and a beta of 1.99. The stock’s 50 day moving average is $56.81 and its two-hundred day moving average is $61.43. Lincoln National has a 1 year low of $48.07 and a 1 year high of $70.59.



Lincoln National (NYSE:LNC) last announced its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $2.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.04. The business had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.46 billion. Lincoln National had a net margin of 8.74% and a return on equity of 11.85%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.02 earnings per share. Research analysts forecast that Lincoln National will post 9.3 EPS for the current year.

A number of large investors have recently bought and sold shares of the business. Denali Advisors LLC raised its stake in Lincoln National by 38.6% during the third quarter. Denali Advisors LLC now owns 144,300 shares of the financial services provider’s stock worth $8,704,000 after purchasing an additional 40,200 shares during the period. Old North State Trust LLC increased its position in shares of Lincoln National by 55.6% in the third quarter. Old North State Trust LLC now owns 15,069 shares of the financial services provider’s stock worth $909,000 after acquiring an additional 5,386 shares in the last quarter. Cerebellum GP LLC increased its position in shares of Lincoln National by 485.7% in the third quarter. Cerebellum GP LLC now owns 7,474 shares of the financial services provider’s stock worth $451,000 after acquiring an additional 6,198 shares in the last quarter. Scout Investments Inc. increased its position in shares of Lincoln National by 135.6% in the third quarter. Scout Investments Inc. now owns 709,640 shares of the financial services provider’s stock worth $42,805,000 after acquiring an additional 408,431 shares in the last quarter. Finally, TIAA FSB acquired a new stake in shares of Lincoln National in the third quarter worth $1,216,000. 80.93% of the stock is currently owned by institutional investors.

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 Annuities segment offers variable, fixed, and indexed variable annuities.

Further Reading: Price-Sales Ratio

Analyst Recommendations for Lincoln National (NYSE:LNC)

Receive News & Ratings for Lincoln National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lincoln National and related companies with MarketBeat.com's FREE daily email newsletter.