Lincoln National (NYSE:LNC) PT Raised to $36.00 at Barclays

Lincoln National (NYSE:LNC) had its target price raised by investment analysts at Barclays from $35.00 to $36.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s target price suggests a potential upside of 14.36% from the stock’s current price.

LNC has been the topic of several other research reports. Bank of America lowered their target price on Lincoln National from $32.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, July 11th. Jefferies Financial Group upped their target price 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 decreased their price objective on Lincoln National from $37.00 to $34.00 and set a “neutral” rating on the stock in a report on Wednesday, October 2nd. JPMorgan Chase & Co. upped their target price on Lincoln National from $28.00 to $34.00 and gave the company an “underweight” rating in a research note on Tuesday, July 2nd. Finally, Morgan Stanley decreased their price target on shares of Lincoln National from $30.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Lincoln National presently has an average rating of “Hold” and a consensus price target of $32.73.

Lincoln National Trading Up 1.2 %

Shares of LNC stock traded up $0.36 on Tuesday, reaching $31.48. 677,668 shares of the stock were exchanged, compared to its average volume of 1,663,061. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.82. Lincoln National has a 1-year low of $20.85 and a 1-year high of $36.46. The stock has a market cap of $5.35 billion, a P/E ratio of 4.28, a price-to-earnings-growth ratio of 0.31 and a beta of 1.81. The firm has a 50 day moving average of $30.84 and a two-hundred day moving average of $30.77.

Lincoln National (NYSE:LNC) last released its earnings results on Thursday, August 1st. The financial services provider reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.07. The company had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $4.65 billion. Lincoln National had a return on equity of 17.13% and a net margin of 12.24%. During the same quarter last year, the business posted $2.02 EPS. On average, research analysts anticipate that Lincoln National will post 5.71 EPS for the current year.

Institutional Trading of Lincoln National

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Central Pacific Bank Trust Division acquired a new position in Lincoln National in the first quarter valued at about $25,000. Whittier Trust Co. grew its stake in Lincoln National by 106.7% during the second quarter. Whittier Trust Co. now owns 835 shares of the financial services provider’s stock worth $26,000 after buying an additional 431 shares in the last quarter. Adirondack Trust Co. bought a new position in Lincoln National in the second quarter valued at about $31,000. Transcendent Capital Group LLC bought a new position in Lincoln National in the fourth quarter valued at about $35,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Lincoln National by 249.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,223 shares of the financial services provider’s stock worth $39,000 after buying an additional 873 shares during the period. Institutional investors and hedge funds own 72.81% of the company’s stock.

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.