Brokerages Set Lincoln National Co. (LNC) PT at $77.25

Shares of Lincoln National Co. (NYSE:LNC) have been assigned a consensus recommendation of “Hold” from the fourteen research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $77.25.

A number of brokerages have issued reports on LNC. B. Riley lifted their target price on shares of Lincoln National from $79.00 to $83.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 7th. UBS Group lifted their target price on shares of Lincoln National from $73.00 to $74.00 and gave the stock a “neutral” rating in a research report on Monday, October 8th. Bank of America cut their target price on shares of Lincoln National from $79.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, November 2nd. Zacks Investment Research upgraded shares of Lincoln National from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research report on Wednesday, November 28th. Finally, ValuEngine upgraded shares of Lincoln National from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 13th.

Several large investors have recently bought and sold shares of the company. Jupiter Asset Management Ltd. raised its position in shares of Lincoln National by 1.8% in the third quarter. Jupiter Asset Management Ltd. now owns 44,873 shares of the financial services provider’s stock valued at $3,035,000 after buying an additional 786 shares during the last quarter. Sigma Planning Corp raised its position in shares of Lincoln National by 19.2% in the second quarter. Sigma Planning Corp now owns 4,882 shares of the financial services provider’s stock valued at $304,000 after buying an additional 788 shares during the last quarter. Franklin Street Advisors Inc. NC raised its position in shares of Lincoln National by 16.7% in the third quarter. Franklin Street Advisors Inc. NC now owns 6,026 shares of the financial services provider’s stock valued at $408,000 after buying an additional 863 shares during the last quarter. AGF Investments Inc. raised its position in shares of Lincoln National by 0.3% in the third quarter. AGF Investments Inc. now owns 295,876 shares of the financial services provider’s stock valued at $20,019,000 after buying an additional 878 shares during the last quarter. Finally, Crossmark Global Holdings Inc. raised its position in shares of Lincoln National by 3.1% in the third quarter. Crossmark Global Holdings Inc. now owns 29,241 shares of the financial services provider’s stock valued at $1,978,000 after buying an additional 883 shares during the last quarter. 80.85% of the stock is owned by institutional investors and hedge funds.

LNC stock opened at $63.90 on Friday. The stock has a market cap of $13.45 billion, a P/E ratio of 8.20 and a beta of 1.87. Lincoln National has a 52 week low of $57.06 and a 52 week high of $86.68. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.39.

Lincoln National (NYSE:LNC) last released its quarterly earnings data on Thursday, November 1st. The financial services provider reported $2.34 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.17. The firm had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.25 billion. Lincoln National had a net margin of 13.14% and a return on equity of 11.61%. The firm’s revenue was up 21.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.87 earnings per share. On average, equities analysts predict that Lincoln National will post 8.56 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 1st. Stockholders of record on Thursday, January 10th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Wednesday, January 9th. This is a positive change from Lincoln National’s previous quarterly dividend of $0.33. Lincoln National’s payout ratio is currently 16.94%.

Lincoln National Company Profile

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 company sells a range of wealth protection, accumulation, and retirement income products and solutions.

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Analyst Recommendations for Lincoln National (NYSE:LNC)

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