Lincoln National (NYSE:LNC) Given New $29.00 Price Target at JPMorgan Chase & Co.

Lincoln National (NYSE:LNCFree Report) had its price target lifted by JPMorgan Chase & Co. from $26.00 to $29.00 in a research note issued to investors on Tuesday, Benzinga reports. They currently have an underweight rating on the financial services provider’s stock.

A number of other equities research analysts have also issued reports on LNC. lowered Lincoln National from a hold rating to a sell rating in a research report on Thursday, March 28th. TheStreet lowered Lincoln National from a c rating to a d+ rating in a report on Thursday, February 8th. UBS Group lifted their price target on Lincoln National from $25.00 to $28.00 and gave the stock a neutral rating in a report on Wednesday, January 10th. Jefferies Financial Group raised Lincoln National from an underperform rating to a hold rating in a research report on Monday, February 12th. Finally, Evercore ISI increased their price target on shares of Lincoln National from $32.00 to $33.00 and gave the company an in-line rating in a research note on Thursday, March 21st. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. Based on data from, Lincoln National presently has an average rating of Hold and an average target price of $26.90.

Read Our Latest Report on Lincoln National

Lincoln National Trading Down 1.6 %

Shares of NYSE LNC opened at $31.08 on Tuesday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $5.27 billion, a PE ratio of -6.23, a PEG ratio of 0.20 and a beta of 1.81. Lincoln National has a twelve month low of $18.50 and a twelve month high of $32.43. The stock has a fifty day simple moving average of $27.87 and a 200-day simple moving average of $25.89.

Lincoln National (NYSE:LNCGet Free Report) last released its earnings results on Thursday, February 8th. The financial services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.13. Lincoln National had a positive return on equity of 20.81% and a negative net margin of 6.46%. The company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $4.44 billion. On average, equities analysts forecast that Lincoln National will post 6.57 earnings per share for the current year.

Lincoln National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.80 dividend on an annualized basis and a yield of 5.79%. Lincoln National’s payout ratio is -36.07%.

Insider Activity at Lincoln National

In other news, Director Owen Ryan acquired 10,000 shares of the business’s stock in a transaction on Friday, February 9th. The stock was bought at an average price of $25.90 per share, for a total transaction of $259,000.00. Following the transaction, the director now owns 10,000 shares in the company, valued at $259,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.75% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Lincoln National

Institutional investors have recently added to or reduced their stakes in the business. Financial Gravity Asset Management Inc. lifted its holdings in shares of Lincoln National by 3,930.8% in 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 buying an additional 1,022 shares during the period. Brown Brothers Harriman & Co. purchased a new position in Lincoln National in the fourth quarter worth $27,000. Quarry LP purchased a new position in Lincoln National in the fourth quarter worth $27,000. Achmea Investment Management B.V. acquired a new stake in Lincoln National in the first quarter valued at $30,000. Finally, Transcendent Capital Group LLC purchased a new stake in shares of Lincoln National during the 4th quarter worth $35,000. Hedge funds and other institutional investors own 72.81% of the company’s stock.

About Lincoln National

(Get Free Report)

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates in four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders.

Further Reading

Analyst Recommendations for Lincoln National (NYSE:LNC)

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