Lincoln National Co. (LNC) Receives $82.82 Consensus Target Price from Analysts

Lincoln National Co. (NYSE:LNC) has received an average rating of “Hold” from the fifteen research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $83.91.

LNC has been the subject of several recent analyst reports. ValuEngine upgraded shares of Lincoln National from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 7th. UBS began coverage on shares of Lincoln National in a research note on Friday, March 2nd. They issued a “neutral” rating and a $84.00 price objective for the company. Zacks Investment Research lowered shares of Lincoln National from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Deutsche Bank began coverage on shares of Lincoln National in a research note on Tuesday, January 2nd. They issued a “buy” rating and a $84.00 price target for the company. Finally, Royal Bank of Canada reissued a “buy” rating and set a $86.00 price objective on shares of Lincoln National in a report on Friday, December 8th.

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In other news, EVP Lisa Buckingham sold 24,537 shares of Lincoln National stock in a transaction on Monday, March 12th. The shares were sold at an average price of $78.39, for a total value of $1,923,455.43. Following the transaction, the executive vice president now directly owns 77,135 shares of the company’s stock, valued at approximately $6,046,612.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kenneth S. Solon sold 1,875 shares of Lincoln National stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $78.53, for a total transaction of $147,243.75. Following the completion of the transaction, the executive vice president now directly owns 148,067 shares in the company, valued at $11,627,701.51. The disclosure for this sale can be found here. Insiders sold a total of 167,736 shares of company stock worth $14,032,099 over the last ninety days. Corporate insiders own 1.12% of the company’s stock.

A number of large investors have recently bought and sold shares of LNC. Viking Global Investors LP grew its position in Lincoln National by 119.3% in the 4th quarter. Viking Global Investors LP now owns 2,182,923 shares of the financial services provider’s stock valued at $167,801,000 after buying an additional 1,187,323 shares during the last quarter. Cornerstone Investment Partners LLC grew its position in Lincoln National by 53.5% in the 4th quarter. Cornerstone Investment Partners LLC now owns 1,481,014 shares of the financial services provider’s stock valued at $113,846,000 after buying an additional 516,066 shares during the last quarter. Millennium Management LLC grew its position in Lincoln National by 107.0% in the 4th quarter. Millennium Management LLC now owns 994,144 shares of the financial services provider’s stock valued at $76,420,000 after buying an additional 513,786 shares during the last quarter. Elkfork Partners LLC purchased a new position in Lincoln National in the 4th quarter valued at $24,709,000. Finally, The Manufacturers Life Insurance Company grew its position in Lincoln National by 30.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 896,252 shares of the financial services provider’s stock valued at $68,895,000 after buying an additional 208,053 shares during the last quarter. Hedge funds and other institutional investors own 82.34% of the company’s stock.

Lincoln National stock traded up $1.05 during midday trading on Monday, hitting $73.06. 1,368,735 shares of the stock were exchanged, compared to its average volume of 1,280,754. Lincoln National has a fifty-two week low of $62.67 and a fifty-two week high of $86.68. The stock has a market cap of $15,945.93, a P/E ratio of 9.39, a PEG ratio of 1.07 and a beta of 1.97. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.28.

Lincoln National (NYSE:LNC) last released its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.94 by $0.04. Lincoln National had a net margin of 14.48% and a return on equity of 10.86%. The firm had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same period last year, the business earned $1.77 earnings per share. Lincoln National’s revenue was up 7.3% compared to the same quarter last year. analysts forecast that Lincoln National will post 8.52 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 10th will be issued a $0.33 dividend. The ex-dividend date is Monday, April 9th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.81%. Lincoln National’s payout ratio is 16.94%.

Lincoln National declared that its Board of Directors has approved a share repurchase plan on Friday, January 19th that allows the company to repurchase outstanding shares. This repurchase authorization allows the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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Lincoln National Company Profile

Lincoln National Corporation is a holding company, which operates insurance and retirement businesses through subsidiary companies. The Company sells a range of wealth protection, accumulation and retirement income products and solutions, through its business segments. The Company operates through four segments: Annuities segment, which offers fixed (including indexed) and variable annuities; Retirement Plan Services segment, which provides employers with retirement plan products and services; Life Insurance segment, which focuses on the creation and protection of wealth through life insurance products, and Group Protection, which offers principally group non-medical insurance products.

Analyst Recommendations for Lincoln National (NYSE:LNC)

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