Lincoln National Co. (LNC) PT Raised to $79.00 at Morgan Stanley

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.

TRADEMARK VIOLATION WARNING: This news story was published by Community Financial News and is owned by of Community Financial News. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright laws. The legal version of this news story can be accessed at https://www.com-unik.info/2017/11/05/lincoln-national-co-lnc-pt-raised-to-79-00-at-morgan-stanley.html.

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.

Analyst Recommendations for Lincoln National (NYSE:LNC)

What are top analysts saying about Lincoln National Co.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Lincoln National Co. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit