Analysts Set Lincoln National Co. (LNC) Price Target at $77.62

Shares of Lincoln National Co. (NYSE:LNC) have received an average rating of “Hold” from the fourteen analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $77.62.

Several research analysts have recently commented on the company. Keefe, Bruyette & Woods upgraded Lincoln National from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research note on Monday. UBS Group lifted their target price on Lincoln National from $73.00 to $74.00 and gave the stock a “neutral” rating in a research note on Monday, October 8th. ValuEngine upgraded Lincoln National from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 26th. B. Riley reduced their target price on Lincoln National from $88.00 to $79.00 and set a “neutral” rating for the company in a research note on Monday, July 16th. Finally, Zacks Investment Research upgraded Lincoln National from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research note on Monday, October 8th.

NYSE:LNC opened at $65.98 on Tuesday. The company has a market cap of $13.79 billion, a price-to-earnings ratio of 8.47 and a beta of 1.90. Lincoln National has a twelve month low of $57.06 and a twelve month 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 posted its quarterly earnings results on Thursday, November 1st. The financial services provider reported $2.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.17 by $0.17. Lincoln National had a return on equity of 11.61% and a net margin of 13.14%. The firm had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.25 billion. During the same quarter in the previous year, the firm earned $1.87 EPS. The business’s quarterly revenue was up 21.4% on a year-over-year basis. Research analysts forecast that Lincoln National will post 8.53 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 1st. Stockholders of record on Thursday, January 10th will be paid a dividend of $0.37 per share. This is an increase from Lincoln National’s previous quarterly dividend of $0.33. This represents a $1.48 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Wednesday, January 9th. Lincoln National’s payout ratio is currently 16.94%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LNC. IFM Investors Pty Ltd boosted its stake in Lincoln National by 40.3% in the 2nd quarter. IFM Investors Pty Ltd now owns 10,758 shares of the financial services provider’s stock valued at $670,000 after purchasing an additional 3,089 shares during the period. Hexavest Inc. bought a new stake in Lincoln National in the 2nd quarter valued at $39,203,000. State of Alaska Department of Revenue boosted its stake in Lincoln National by 41.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 52,312 shares of the financial services provider’s stock valued at $3,255,000 after purchasing an additional 15,335 shares during the period. Denali Advisors LLC boosted its stake in Lincoln National by 17.4% in the 2nd quarter. Denali Advisors LLC now owns 204,700 shares of the financial services provider’s stock valued at $12,743,000 after purchasing an additional 30,300 shares during the period. Finally, Dalton Greiner Hartman Maher & Co. bought a new stake in Lincoln National in the 2nd quarter valued at $370,000. Institutional investors and hedge funds own 81.55% of the company’s stock.

About Lincoln National

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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