Analysts Set Lincoln National Co. (NYSE:LNC) PT at $75.22

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.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC boosted its holdings in shares of Lincoln National by 7.3% in the fourth quarter. Geode Capital Management LLC now owns 2,898,554 shares of the financial services provider’s stock worth $148,472,000 after acquiring an additional 197,294 shares during the period. Northern Trust Corp boosted its holdings in shares of Lincoln National by 0.7% in the first quarter. Northern Trust Corp now owns 2,861,904 shares of the financial services provider’s stock worth $167,994,000 after acquiring an additional 18,485 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of Lincoln National by 16.3% in the second quarter. Acadian Asset Management LLC now owns 2,410,133 shares of the financial services provider’s stock worth $155,335,000 after acquiring an additional 337,748 shares during the period. Schroder Investment Management Group boosted its holdings in shares of Lincoln National by 8.5% in the second quarter. Schroder Investment Management Group now owns 2,282,814 shares of the financial services provider’s stock worth $147,127,000 after acquiring an additional 178,160 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Lincoln National by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,216,834 shares of the financial services provider’s stock worth $113,748,000 after acquiring an additional 57,696 shares during the period. 80.53% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Lincoln National (NYSE:LNC)

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