Lincoln National (NYSE:LNC) Price Target Raised to $38.00 at Jefferies Financial Group

Lincoln National (NYSE:LNC) had its price target boosted by equities research analysts at Jefferies Financial Group from $34.00 to $38.00 in a report issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. Jefferies Financial Group’s price target points to a potential upside of 22.19% from the company’s current price.

A number of other research firms also recently weighed in on LNC. Evercore ISI raised their price target on Lincoln National from $33.00 to $35.00 and gave the company an “in-line” rating in a research report on Thursday, April 11th. Keefe, Bruyette & Woods lifted their price objective on Lincoln National from $30.00 to $32.00 and gave the stock a “market perform” rating in a report on Wednesday, April 10th. Wells Fargo & Company decreased their price objective on Lincoln National from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Friday, May 10th. Piper Sandler lifted their price objective on Lincoln National from $30.00 to $34.00 and gave the stock a “neutral” rating in a report on Friday. Finally, JPMorgan Chase & Co. boosted their price target on Lincoln National from $26.00 to $29.00 and gave the company an “underweight” rating in a report on Tuesday, April 2nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Lincoln National has a consensus rating of “Hold” and an average target price of $30.70.

Lincoln National Price Performance

NYSE:LNC opened at $31.10 on Friday. The firm has a market capitalization of $5.29 billion, a price-to-earnings ratio of 4.25, a P/E/G ratio of 0.25 and a beta of 1.85. Lincoln National has a 52-week low of $20.85 and a 52-week high of $33.33. The stock has a fifty day moving average of $30.59 and a 200 day moving average of $28.83. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.26 and a current ratio of 0.26.

Lincoln National (NYSE:LNC) last posted its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.27. Lincoln National had a return on equity of 19.50% and a net margin of 11.31%. The company had revenue of $4.58 billion during the quarter, compared to analyst estimates of $4.64 billion. On average, research analysts expect that Lincoln National will post 6 EPS for the current fiscal year.

Insider Buying and Selling at Lincoln National

In other Lincoln National news, EVP Sean Woodroffe sold 55,127 shares of Lincoln National stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $32.57, for a total transaction of $1,795,486.39. Following the sale, the executive vice president now directly owns 198,255 shares of the company’s stock, valued at approximately $6,457,165.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.54% of the company’s stock.

Institutional Trading of Lincoln National

Hedge funds have recently made changes to their positions in the stock. Central Pacific Bank Trust Division bought a new stake in shares of Lincoln National in the 1st quarter worth approximately $25,000. Financial Gravity Asset Management Inc. lifted its position in Lincoln National by 3,930.8% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 1,048 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 1,022 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in Lincoln National in the 4th quarter valued at approximately $27,000. Transcendent Capital Group LLC bought a new position in Lincoln National in the 4th quarter valued at approximately $35,000. Finally, CVA Family Office LLC bought a new position in Lincoln National in the 4th quarter valued at approximately $37,000. 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.