Lincoln National Co. (NYSE:LNC) Receives $32.40 Consensus PT from Analysts

Lincoln National Co. (NYSE:LNC) has been assigned an average rating of “Hold” from the eleven analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $32.64.

A number of equities analysts have recently commented on LNC shares. JPMorgan Chase & Co. boosted their price objective on Lincoln National from $28.00 to $34.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 2nd. Wells Fargo & Company lowered their price target on shares of Lincoln National from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Friday, May 10th. Bank of America decreased their price objective on shares of Lincoln National from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. Piper Sandler increased their target price on Lincoln National from $30.00 to $34.00 and gave the company a “neutral” rating in a report on Friday, June 28th. Finally, Jefferies Financial Group lifted their price target on Lincoln National from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, June 28th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA purchased a new stake in Lincoln National during the 2nd quarter valued at approximately $142,148,000. Norges Bank acquired a new stake in shares of Lincoln National during the fourth quarter worth $54,026,000. Principal Financial Group Inc. grew its position in Lincoln National by 59.2% in the 2nd quarter. Principal Financial Group Inc. now owns 3,086,324 shares of the financial services provider’s stock valued at $95,985,000 after buying an additional 1,147,896 shares during the last quarter. Vanguard Group Inc. increased its stake in Lincoln National by 5.3% in the 4th quarter. Vanguard Group Inc. now owns 21,688,670 shares of the financial services provider’s stock valued at $584,943,000 after buying an additional 1,094,789 shares during the period. Finally, Jupiter Asset Management Ltd. purchased a new position in Lincoln National during the 1st quarter worth $28,649,000. 72.81% of the stock is currently owned by institutional investors and hedge funds.

Lincoln National Price Performance

Shares of LNC opened at $29.45 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.82. Lincoln National has a fifty-two week low of $20.85 and a fifty-two week high of $36.46. The company has a market cap of $5.01 billion, a P/E ratio of 4.03, a PEG ratio of 0.33 and a beta of 1.84. The firm’s 50 day moving average price is $31.42 and its 200 day moving average price is $30.23.

Lincoln National (NYSE:LNC) last released its earnings results on Thursday, August 1st. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.07. Lincoln National had a return on equity of 17.13% and a net margin of 12.24%. The firm had revenue of $5.15 billion during the quarter, compared to analyst estimates of $4.65 billion. During the same period last year, the business posted $2.02 earnings per share. On average, research analysts forecast that Lincoln National will post 5.74 earnings per share for the current fiscal year.

Lincoln National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.80 annualized dividend and a yield of 6.11%. Lincoln National’s dividend payout ratio (DPR) is 24.62%.

About Lincoln National

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.