Lincoln National Co. (NYSE:LNC) Receives $28.45 Consensus PT from Analysts

Lincoln National Co. (NYSE:LNC) has earned an average recommendation of “Reduce” from the eleven research firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $28.45.

A number of research analysts have weighed in on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Lincoln National from $30.00 to $32.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 10th. Piper Sandler upped their price objective on shares of Lincoln National from $28.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. StockNews.com raised shares of Lincoln National from a “sell” rating to a “hold” rating in a research report on Monday, April 15th. UBS Group upped their price objective on shares of Lincoln National from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, January 10th. Finally, TheStreet lowered shares of Lincoln National from a “c” rating to a “d+” rating in a research report on Thursday, February 8th.

Lincoln National Stock Down 2.6 %

Lincoln National stock opened at $27.28 on Friday. The firm has a market cap of $4.64 billion, a price-to-earnings ratio of -5.47, a P/E/G ratio of 0.18 and a beta of 1.81. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.26 and a quick ratio of 0.26. Lincoln National has a fifty-two week low of $18.50 and a fifty-two week high of $32.43. The firm has a fifty day moving average price of $28.43 and a two-hundred day moving average price of $26.49.

Lincoln National (NYSE:LNC) last released its earnings results on Thursday, February 8th. The financial services provider reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.13. The firm had revenue of $1.97 billion during the quarter, compared to analyst estimates of $4.44 billion. Lincoln National had a negative net margin of 6.46% and a positive return on equity of 20.81%. As a group, analysts forecast that Lincoln National will post 6.47 earnings per share for the current year.

Lincoln National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be paid a $0.45 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $1.80 dividend on an annualized basis and a yield of 6.60%. Lincoln National’s payout ratio is currently -36.07%.

Insider Activity at Lincoln National

In other Lincoln National news, Director Owen Ryan bought 10,000 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were acquired 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 in the company, valued at approximately $259,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.54% of the stock is currently owned by insiders.

Institutional Trading of Lincoln National

Several hedge funds have recently modified their holdings of LNC. Financial Gravity Asset Management Inc. increased its holdings in shares of Lincoln National by 3,930.8% during the third quarter. Financial Gravity Asset Management Inc. now owns 1,048 shares of the financial services provider’s stock worth $26,000 after buying an additional 1,022 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of Lincoln National during the fourth quarter worth approximately $27,000. Transcendent Capital Group LLC acquired a new stake in shares of Lincoln National during the fourth quarter worth approximately $35,000. CVA Family Office LLC acquired a new stake in shares of Lincoln National during the fourth quarter worth approximately $37,000. Finally, FinTrust Capital Advisors LLC acquired a new stake in shares of Lincoln National during the fourth quarter worth approximately $38,000. Institutional investors and hedge funds own 72.81% of the company’s stock.

Lincoln National Company Profile

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.