Keefe, Bruyette & Woods Reaffirms Hold Rating for Lincoln National (LNC)

Keefe, Bruyette & Woods reissued their hold rating on shares of Lincoln National (NYSE:LNC) in a research note issued to investors on Friday morning. The firm currently has a $89.00 price objective on the financial services provider’s stock.

Several other equities research analysts have also commented on the stock. Zacks Investment Research lowered shares of Lincoln National from a buy rating to a hold rating in a research note on Wednesday, August 30th. Citigroup restated a buy rating and issued a $83.00 price target (up previously from $82.00) on shares of Lincoln National in a research note on Thursday, September 14th. Morgan Stanley raised their price target on shares of Lincoln National from $76.00 to $77.00 and gave the company an equal weight rating in a research note on Thursday, October 5th. Wells Fargo & Co set a $80.00 price target on shares of Lincoln National and gave the company a hold rating in a research note on Thursday, November 16th. Finally, Royal Bank of Canada restated a buy rating and issued a $86.00 price target on shares of Lincoln National in a research note on Friday, December 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $80.10.

Shares of Lincoln National (NYSE:LNC) opened at $77.75 on Friday. The firm has a market cap of $17,010.00, a PE ratio of 12.13, a P/E/G ratio of 1.17 and a beta of 2.01. Lincoln National has a 12 month low of $61.45 and a 12 month high of $78.74. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.11 and a current ratio of 0.11.

Lincoln National (NYSE:LNC) last released its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.19. The firm had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.62 billion. Lincoln National had a net margin of 10.50% and a return on equity of 11.16%. Lincoln National’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.89 earnings per share. analysts expect that Lincoln National will post 7.7 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.70%. This is a boost from Lincoln National’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, January 9th. Lincoln National’s dividend payout ratio (DPR) is presently 18.10%.

A number of institutional investors have recently bought and sold shares of LNC. Sun Life Financial INC lifted its position in Lincoln National by 20,600.0% in the 2nd quarter. Sun Life Financial INC now owns 1,656 shares of the financial services provider’s stock worth $112,000 after buying an additional 1,648 shares in the last quarter. D.A. Davidson & CO. lifted its position in Lincoln National by 8.6% in the 2nd quarter. D.A. Davidson & CO. now owns 1,726 shares of the financial services provider’s stock worth $116,000 after buying an additional 136 shares in the last quarter. Valeo Financial Advisors LLC purchased a new stake in Lincoln National in the 3rd quarter worth approximately $171,000. Homrich & Berg purchased a new stake in Lincoln National in the 2nd quarter worth approximately $204,000. Finally, Institute for Wealth Management LLC. purchased a new stake in Lincoln National in the 2nd quarter worth approximately $227,000. 80.32% of the stock is owned by hedge funds and other institutional investors.

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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.

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