Lincoln National’s (LNC) “Buy” Rating Reaffirmed at Barclays

Barclays reaffirmed their buy rating on shares of Lincoln National (NYSE:LNC) in a research report sent to investors on Tuesday. Barclays currently has a $90.00 price target on the financial services provider’s stock.

A number of other brokerages have also recently commented on LNC. Zacks Investment Research upgraded shares of Lincoln National from a hold rating to a buy rating and set a $89.00 target price on the stock in a research report on Monday. Keefe, Bruyette & Woods reiterated a hold rating and issued a $89.00 target price on shares of Lincoln National in a research report on Friday, December 22nd. Royal Bank of Canada reiterated a buy rating and issued a $86.00 target price on shares of Lincoln National in a research report on Friday, December 8th. JPMorgan Chase & Co. upgraded shares of Lincoln National from a neutral rating to an overweight rating and set a $87.00 target price on the stock in a research report on Tuesday, January 2nd. Finally, Deutsche Bank began coverage on shares of Lincoln National in a research report on Tuesday, January 2nd. They issued a buy rating and a $84.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $83.27.

Shares of Lincoln National (NYSE LNC) traded up $1.11 during trading hours on Tuesday, reaching $82.79. 1,538,659 shares of the company were exchanged, compared to its average volume of 1,280,000. The stock has a market cap of $18,120.00, a PE ratio of 12.92, a PEG ratio of 1.12 and a beta of 2.01. Lincoln National has a one year low of $61.45 and a one year high of $83.79. 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 issued its earnings results on Wednesday, November 1st. The financial services provider reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.19. The company had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $3.62 billion. Lincoln National had a net margin of 10.50% and a return on equity of 11.16%. The firm’s revenue was down .4% compared to the same quarter last year. During the same quarter last year, the company earned $1.89 EPS. equities research analysts predict that Lincoln National will post 7.72 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be given a $0.33 dividend. 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. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.59%. Lincoln National’s payout ratio is presently 18.10%.

Hedge funds have recently added to or reduced their stakes in the business. Sun Life Financial INC increased its position in shares of Lincoln National by 20,600.0% in the second quarter. Sun Life Financial INC now owns 1,656 shares of the financial services provider’s stock valued at $112,000 after acquiring an additional 1,648 shares during the period. D.A. Davidson & CO. increased its position in shares of Lincoln National by 8.6% in the second quarter. D.A. Davidson & CO. now owns 1,726 shares of the financial services provider’s stock valued at $116,000 after acquiring an additional 136 shares during the period. Valeo Financial Advisors LLC purchased a new position in shares of Lincoln National in the third quarter valued at about $171,000. Eqis Capital Management Inc. purchased a new position in shares of Lincoln National in the third quarter valued at about $227,000. Finally, Institute for Wealth Management LLC. purchased a new position in shares of Lincoln National in the second quarter valued at about $227,000. Hedge funds and other institutional investors own 80.32% of the company’s stock.

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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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