Lincoln National (NYSE:LNC) Now Covered by Analysts at TD Cowen

TD Cowen began coverage on shares of Lincoln National (NYSE:LNC) in a report released on Wednesday, MarketBeat.com reports. The brokerage set a “hold” rating and a $34.00 price target on the financial services provider’s stock. TD Cowen’s price objective indicates a potential upside of 8.31% from the stock’s current price.

Several other research firms have also issued reports on LNC. Morgan Stanley reduced their target price on shares of Lincoln National from $30.00 to $29.00 and set an “equal weight” rating for the company in a research note on Monday, August 19th. Jefferies Financial Group increased their price objective on shares of Lincoln National from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Piper Sandler dropped their target price on shares of Lincoln National from $37.00 to $34.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 2nd. Bank of America decreased their price target on Lincoln National from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. Finally, JPMorgan Chase & Co. boosted their price objective on Lincoln National from $28.00 to $34.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $32.83.

Lincoln National Trading Up 0.9 %

NYSE:LNC opened at $31.39 on Wednesday. Lincoln National has a one year low of $20.85 and a one year high of $36.46. The company has a market cap of $5.34 billion, a PE ratio of 4.29, a PEG ratio of 0.31 and a beta of 1.81. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a 50-day moving average of $30.80 and a 200-day moving average of $30.78.

Lincoln National (NYSE:LNC) last posted its earnings results on Thursday, August 1st. The financial services provider reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.07. Lincoln National had a return on equity of 17.13% and a net margin of 12.24%. The company had revenue of $5.15 billion for the quarter, compared to analyst estimates of $4.65 billion. During the same quarter last year, the company earned $2.02 earnings per share. As a group, equities research analysts expect that Lincoln National will post 5.71 EPS for the current fiscal year.

Institutional Trading of Lincoln National

Hedge funds and other institutional investors have recently modified their holdings of the business. Oracle Alpha Inc. bought a new stake in Lincoln National during the 4th quarter valued at $425,000. GSA Capital Partners LLP boosted its position in shares of Lincoln National by 1,032.2% in the fourth quarter. GSA Capital Partners LLP now owns 105,777 shares of the financial services provider’s stock valued at $2,853,000 after acquiring an additional 96,434 shares during the period. Abel Hall LLC purchased a new position in Lincoln National during the fourth quarter valued at approximately $307,000. Transcendent Capital Group LLC bought a new stake in Lincoln National during the 4th quarter worth approximately $35,000. Finally, Vanguard Group Inc. lifted its stake in Lincoln National by 5.3% in the 4th quarter. Vanguard Group Inc. now owns 21,688,670 shares of the financial services provider’s stock worth $584,943,000 after purchasing an additional 1,094,789 shares in the last quarter. Institutional investors own 72.81% 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 in four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders.