Lincoln National Co. (NYSE:LNC) has been assigned an average recommendation of “Hold” from the eleven analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $75.22.
Several research firms have recently issued reports on LNC. Wells Fargo & Co reaffirmed a “hold” rating and issued a $69.00 target price on shares of Lincoln National in a report on Wednesday, July 31st. Goldman Sachs Group raised Lincoln National from a “neutral” rating to a “buy” rating and upped their target price for the company from $65.00 to $77.00 in a report on Tuesday, June 25th. ValuEngine lowered Lincoln National from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. set a $92.00 target price on Lincoln National and gave the company a “buy” rating in a report on Thursday, May 2nd. Finally, Zacks Investment Research lowered Lincoln National from a “buy” rating to a “hold” rating in a report on Tuesday, May 21st.
In other Lincoln National news, EVP Lisa Buckingham sold 8,500 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $62.70, for a total transaction of $532,950.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Christine A. Janofsky sold 7,928 shares of the stock in a transaction on Friday, June 14th. The shares were sold at an average price of $62.62, for a total value of $496,451.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,166 shares of company stock valued at $1,785,211. 1.50% of the stock is owned by corporate insiders.
Shares of LNC stock traded down $1.13 during trading on Thursday, hitting $56.08. The company’s stock had a trading volume of 1,489,990 shares, compared to its average volume of 1,560,231. The company has a market cap of $11.45 billion, a P/E ratio of 6.61, a PEG ratio of 0.68 and a beta of 1.91. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.30. The business’s fifty day moving average is $63.99. Lincoln National has a 52 week low of $48.07 and a 52 week high of $71.27.
Lincoln National (NYSE:LNC) last released its earnings results on Wednesday, July 31st. The financial services provider reported $2.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.04. The company had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.46 billion. Lincoln National had a return on equity of 11.85% and a net margin of 8.74%. Lincoln National’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.02 earnings per share. On average, sell-side analysts expect that Lincoln National will post 9.3 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Wednesday, October 9th. Lincoln National’s dividend payout ratio (DPR) is 17.45%.
About Lincoln National
Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The Annuities segment offers variable, fixed, and indexed variable annuities.
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