Lincoln National Co. (NYSE:LNC) had its price objective lifted by investment analysts at Morgan Stanley from $77.00 to $79.00 in a research report issued on Thursday. The firm currently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s target price would suggest a potential upside of 4.44% from the stock’s current price.
Other analysts have also recently issued research reports about the company. Zacks Investment Research raised Lincoln National from a “hold” rating to a “strong-buy” rating and set a $81.00 price objective for the company in a research report on Tuesday, July 11th. Barclays PLC raised their price objective on Lincoln National from $84.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, August 11th. BidaskClub raised Lincoln National from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Wells Fargo & Company reissued a “hold” rating on shares of Lincoln National in a research report on Wednesday, August 2nd. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $83.00 price objective on shares of Lincoln National in a research report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $76.70.
Lincoln National (NYSE LNC) traded down $1.08 during trading on Thursday, hitting $75.64. The stock had a trading volume of 1,160,417 shares, compared to its average volume of 1,125,863. The company has a current ratio of 0.10, a quick ratio of 0.11 and a debt-to-equity ratio of 0.30. The stock has a market cap of $16,552.22, a price-to-earnings ratio of 9.99, a PEG ratio of 1.16 and a beta of 2.03.
Lincoln National (NYSE:LNC) last posted its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $2.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.84 by $0.19. The firm had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.62 billion. Lincoln National had a return on equity of 10.38% and a net margin of 11.83%. The business’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter last year, the firm earned $1.89 EPS. research analysts predict that Lincoln National will post 7.57 earnings per share for the current fiscal year.
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A number of institutional investors and hedge funds have recently modified their holdings of LNC. Trust Co. of Vermont purchased a new position in shares of Lincoln National during the 2nd quarter valued at about $101,000. Sun Life Financial INC raised its stake in shares of Lincoln National by 20,600.0% during the 2nd quarter. Sun Life Financial INC now owns 1,656 shares of the financial services provider’s stock valued at $112,000 after buying an additional 1,648 shares during the last quarter. D.A. Davidson & CO. raised its stake in shares of Lincoln National by 8.6% during the 2nd quarter. D.A. Davidson & CO. now owns 1,726 shares of the financial services provider’s stock valued at $116,000 after buying an additional 136 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new position in shares of Lincoln National during the 2nd quarter valued at about $200,000. Finally, Financial Architects Inc raised its stake in shares of Lincoln National by 2.3% during the 2nd quarter. Financial Architects Inc now owns 2,968 shares of the financial services provider’s stock valued at $201,000 after buying an additional 68 shares during the last quarter. 80.15% of the stock is owned by institutional investors.
About Lincoln National
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.
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