Lincoln National (NYSE:LNC) Cut to “Sell” at StockNews.com

Lincoln National (NYSE:LNC) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Wednesday.

Other equities analysts have also recently issued research reports about the company. Piper Sandler lowered their target price on Lincoln National from $37.00 to $34.00 and set a “neutral” rating for the company in a report on Wednesday, October 2nd. TD Cowen assumed coverage on Lincoln National in a research note on Wednesday, October 9th. They issued a “hold” rating and a $34.00 price objective for the company. Bank of America cut their target price on shares of Lincoln National from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, July 11th. Barclays raised their price target on shares of Lincoln National from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Finally, Wells Fargo & Company boosted their price objective on shares of Lincoln National from $28.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $33.00.

Lincoln National Trading Up 0.3 %

LNC opened at $32.76 on Wednesday. The company has a market cap of $5.57 billion, a P/E ratio of 4.48, a PEG ratio of 0.32 and a beta of 1.81. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.82. The company’s 50 day moving average is $31.52 and its 200-day moving average is $31.01. Lincoln National has a 1-year low of $20.85 and a 1-year high of $36.46.

Lincoln National (NYSE:LNC) last issued 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. The firm had revenue of $5.15 billion for the quarter, compared to analyst estimates of $4.65 billion. Lincoln National had a net margin of 12.24% and a return on equity of 17.13%. During the same quarter last year, the business posted $2.02 earnings per share. Equities research analysts predict that Lincoln National will post 5.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Central Pacific Bank Trust Division purchased a new position in shares of Lincoln National during the first quarter valued at approximately $25,000. Whittier Trust Co. boosted its holdings in Lincoln National by 106.7% during the 2nd quarter. Whittier Trust Co. now owns 835 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 431 shares during the last quarter. Adirondack Trust Co. bought a new stake in shares of Lincoln National in the 2nd quarter worth $31,000. Blue Trust Inc. raised its holdings in shares of Lincoln National by 535.5% in the third quarter. Blue Trust Inc. now owns 1,074 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 905 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Lincoln National by 249.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,223 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 873 shares in the last quarter. 72.81% of the stock is owned by institutional investors.

Lincoln National Company Profile

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.