ValuEngine lowered shares of Lincoln National Corporation (NYSE:LNC) from a strong-buy rating to a buy rating in a research note published on Thursday.
Other analysts have also issued reports about the company. Zacks Investment Research lowered Lincoln National Corporation from a buy rating to a hold rating in a report on Wednesday, August 30th. Citigroup Inc. restated a buy rating and set a $83.00 price objective (up from $82.00) on shares of Lincoln National Corporation in a research report on Thursday, September 14th. Morgan Stanley upped their price objective on Lincoln National Corporation from $76.00 to $77.00 and gave the stock an equal weight rating in a research report on Thursday, October 5th. BidaskClub downgraded Lincoln National Corporation from a buy rating to a hold rating in a research report on Tuesday, August 22nd. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on Lincoln National Corporation in a research report on Wednesday, October 18th. They issued a sell rating and a $71.00 target price for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. Lincoln National Corporation has a consensus rating of Hold and an average target price of $76.70.
Lincoln National Corporation (NYSE LNC) traded down $0.84 during trading hours on Thursday, hitting $73.49. The stock had a trading volume of 1,112,100 shares, compared to its average volume of 1,498,290. The company has a market cap of $16,080.00, a PE ratio of 9.71, a PEG ratio of 1.11 and a beta of 2.03. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.11 and a quick ratio of 0.11. Lincoln National Corporation has a fifty-two week low of $58.14 and a fifty-two week high of $77.46.
Lincoln National Corporation (NYSE:LNC) last announced its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $2.03 earnings per share (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 Corporation had a return on equity of 11.16% and a net margin of 10.50%. The business’s revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.89 EPS. equities analysts anticipate that Lincoln National Corporation will post 7.65 earnings per share for the current year.
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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 given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.80%. This is a boost from Lincoln National Corporation’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, January 9th. Lincoln National Corporation’s payout ratio is presently 18.10%.
A number of hedge funds have recently modified their holdings of LNC. Stratford Consulting LLC lifted its stake in shares of Lincoln National Corporation by 0.4% in the 2nd quarter. Stratford Consulting LLC now owns 6,432 shares of the financial services provider’s stock valued at $435,000 after acquiring an additional 27 shares during the last quarter. Savant Capital LLC grew its holdings in shares of Lincoln National Corporation by 0.4% during the 2nd quarter. Savant Capital LLC now owns 6,847 shares of the financial services provider’s stock worth $463,000 after acquiring an additional 30 shares during the period. Krilogy Financial LLC grew its holdings in shares of Lincoln National Corporation by 1.2% during the 2nd quarter. Krilogy Financial LLC now owns 3,460 shares of the financial services provider’s stock worth $234,000 after acquiring an additional 40 shares during the period. Financial Architects Inc grew its holdings in shares of Lincoln National Corporation by 2.3% during the 2nd quarter. Financial Architects Inc now owns 2,968 shares of the financial services provider’s stock worth $201,000 after acquiring an additional 68 shares during the period. Finally, Intrust Bank NA grew its holdings in shares of Lincoln National Corporation by 0.7% during the 2nd quarter. Intrust Bank NA now owns 10,550 shares of the financial services provider’s stock worth $713,000 after acquiring an additional 71 shares during the period. 81.03% of the stock is owned by hedge funds and other institutional investors.
Lincoln National Corporation 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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