Lincoln National Co. (NYSE:LNC) Receives Consensus Rating of “Reduce” from Analysts

Shares of Lincoln National Co. (NYSE:LNCGet Free Report) have received a consensus recommendation of “Reduce” from the eleven brokerages that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $26.20.

LNC has been the subject of a number of analyst reports. Morgan Stanley reduced their price objective on shares of Lincoln National from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, November 2nd. Piper Sandler cut their price target on Lincoln National from $27.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, November 3rd. TheStreet downgraded shares of Lincoln National from a “c” rating to a “d+” rating in a research note on Thursday. JPMorgan Chase & Co. downgraded shares of Lincoln National from a “neutral” rating to an “underweight” rating and set a $26.00 price target for the company. in a report on Wednesday, January 3rd. Finally, Wells Fargo & Company cut their price objective on shares of Lincoln National from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 17th.

Read Our Latest Report on LNC

Insider Transactions at Lincoln National

In other news, Director Owen Ryan acquired 10,000 shares of the stock in a transaction dated Friday, February 9th. The stock was bought at an average price of $25.90 per share, with a total value of $259,000.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $259,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.75% of the company’s stock.

Hedge Funds Weigh In On Lincoln National

Several hedge funds have recently modified their holdings of LNC. Achmea Investment Management B.V. purchased a new stake in shares of Lincoln National during the 1st quarter valued at $30,000. Brown Brothers Harriman & Co. purchased a new stake in Lincoln National during the 4th quarter valued at $27,000. Financial Gravity Asset Management Inc. grew its position in shares of Lincoln National by 3,930.8% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 1,048 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 1,022 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Lincoln National by 43.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,215 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 370 shares during the last quarter. Finally, Lindbrook Capital LLC raised its position in shares of Lincoln National by 111.8% during the 2nd quarter. Lindbrook Capital LLC now owns 1,315 shares of the financial services provider’s stock valued at $34,000 after buying an additional 694 shares in the last quarter. Institutional investors own 71.89% of the company’s stock.

Lincoln National Trading Up 6.7 %

NYSE LNC opened at $27.35 on Tuesday. The company has a market capitalization of $4.64 billion, a PE ratio of -5.48, a price-to-earnings-growth ratio of 0.16 and a beta of 1.81. Lincoln National has a 1-year low of $18.50 and a 1-year high of $35.20. The company has a current ratio of 0.26, a quick ratio of 0.19 and a debt-to-equity ratio of 0.96. The firm’s fifty day simple moving average is $26.99 and its 200-day simple moving average is $25.40.

About Lincoln National

(Get Free Report

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The company's Life Insurance segment provides life insurance products, including term insurance, such as single and survivorship versions of universal life insurance; variable universal life insurance; indexed universal life insurance products; and critical illness and long-term care riders.

See Also

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.