Lincoln National Co. (NYSE:LNC) Receives $33.00 Average PT from Brokerages

Shares of Lincoln National Co. (NYSE:LNC) have been given a consensus rating of “Hold” by the twelve analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $33.00.

LNC has been the subject of a number of research reports. Piper Sandler decreased their price objective 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 started coverage on shares of Lincoln National in a research note on Wednesday, October 9th. They set a “hold” rating and a $34.00 target price for the company. Wells Fargo & Company boosted their price target on Lincoln National from $28.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Morgan Stanley lowered their price objective on 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. Finally, Barclays lifted their price target on Lincoln National from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th.

Lincoln National Stock Performance

Shares of LNC stock opened at $35.35 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.27 and a current ratio of 0.27. Lincoln National has a fifty-two week low of $23.14 and a fifty-two week high of $36.98. The company has a market capitalization of $6.02 billion, a P/E ratio of 25.25, a PEG ratio of 0.31 and a beta of 1.79. The stock has a 50 day moving average price of $32.35 and a two-hundred day moving average price of $31.62.

Lincoln National (NYSE:LNC) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.42. The business had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.61 billion. Lincoln National had a net margin of 2.51% and a return on equity of 18.15%. The company’s revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.23 EPS. Analysts expect that Lincoln National will post 6.53 earnings per share for the current year.

Lincoln National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, January 10th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.09%. Lincoln National’s dividend payout ratio (DPR) is presently 128.57%.

Insiders Place Their Bets

In other Lincoln National news, EVP John Christopher Kennedy sold 2,863 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $36.00, for a total value of $103,068.00. Following the completion of the sale, the executive vice president now owns 99,644 shares in the company, valued at approximately $3,587,184. This represents a 2.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.54% of the stock is owned by company insiders.

Institutional Trading of Lincoln National

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its position in shares of Lincoln National by 4.7% during the third quarter. Geode Capital Management LLC now owns 3,373,487 shares of the financial services provider’s stock valued at $106,322,000 after buying an additional 152,622 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Lincoln National by 2.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 66,550 shares of the financial services provider’s stock valued at $2,097,000 after purchasing an additional 1,688 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Lincoln National during the third quarter valued at about $1,291,000. iSAM Funds UK Ltd increased its holdings in shares of Lincoln National by 12.0% in the third quarter. iSAM Funds UK Ltd now owns 11,922 shares of the financial services provider’s stock worth $376,000 after purchasing an additional 1,278 shares during the last quarter. Finally, EP Wealth Advisors LLC bought a new position in Lincoln National during the third quarter valued at approximately $285,000. 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.