A number of other analysts have also weighed in on the stock. Barclays set a $69.00 target price on shares of Lincoln National and gave the stock a buy rating in a research note on Monday, August 12th. Morgan Stanley reduced their price target on shares of Lincoln National from $76.00 to $75.00 and set an equal weight rating for the company in a research report on Tuesday, August 20th. UBS Group lifted their price target on Lincoln National from $55.00 to $56.00 and gave the stock a neutral rating in a research report on Thursday, October 10th. ValuEngine upgraded Lincoln National from a strong sell rating to a sell rating in a research note on Wednesday, October 2nd. Finally, Citigroup decreased their price objective on Lincoln National from $75.00 to $70.00 and set a buy rating for the company in a report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. Lincoln National presently has an average rating of Hold and an average price target of $70.63.
Shares of NYSE:LNC opened at $57.92 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.21 and a quick ratio of 0.21. The firm has a market capitalization of $11.46 billion, a PE ratio of 6.83, a price-to-earnings-growth ratio of 0.97 and a beta of 1.97. The firm’s 50-day moving average is $59.24 and its two-hundred day moving average is $60.05. Lincoln National has a 1 year low of $48.07 and a 1 year high of $67.52.
Lincoln National (NYSE:LNC) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported ($0.25) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.41 by ($2.66). The business had revenue of $4.70 billion during the quarter, compared to analysts’ expectations of $4.47 billion. Lincoln National had a net margin of 4.82% and a return on equity of 10.64%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.34 EPS. Analysts expect that Lincoln National will post 6.63 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Investors of record on Friday, January 10th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.76%. This is a positive change from Lincoln National’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Thursday, January 9th. Lincoln National’s dividend payout ratio (DPR) is 17.45%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC boosted its stake in shares of Lincoln National by 14.6% in the second quarter. Steward Partners Investment Advisory LLC now owns 7,213 shares of the financial services provider’s stock valued at $464,000 after buying an additional 918 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Lincoln National by 30.8% during the 2nd quarter. SG Americas Securities LLC now owns 32,326 shares of the financial services provider’s stock worth $2,083,000 after acquiring an additional 7,613 shares in the last quarter. ARP Americas LP acquired a new stake in shares of Lincoln National in the 2nd quarter worth approximately $1,934,000. Los Angeles Capital Management & Equity Research Inc. increased its stake in Lincoln National by 19.5% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 112,219 shares of the financial services provider’s stock valued at $7,233,000 after purchasing an additional 18,339 shares in the last quarter. Finally, Northern Oak Wealth Management Inc. increased its stake in Lincoln National by 55.9% in the 2nd quarter. Northern Oak Wealth Management Inc. now owns 107,698 shares of the financial services provider’s stock valued at $6,941,000 after purchasing an additional 38,615 shares in the last quarter. 80.36% of the stock is owned by hedge funds and other institutional investors.
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 Annuities segment offers variable, fixed, and indexed variable annuities.
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