Brokerages Set Lincoln National Co. (NYSE:LNC) PT at $32.64

Lincoln National Co. (NYSE:LNC) has been given an average rating of “Hold” by the eleven research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $32.64.

A number of equities research analysts have recently commented on LNC shares. Barclays started coverage on Lincoln National in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $35.00 price target on the stock. Jefferies Financial Group lifted their target price on Lincoln National from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, June 28th. Bank of America dropped their target price on Lincoln National from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, July 11th. Morgan Stanley dropped their target price on Lincoln National from $30.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Monday, August 19th. Finally, Piper Sandler lifted their target price on Lincoln National from $30.00 to $34.00 and gave the company a “neutral” rating in a research report on Friday, June 28th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of LNC. Central Pacific Bank Trust Division bought a new position in Lincoln National in the first quarter valued at approximately $25,000. Whittier Trust Co. boosted its stake in shares of 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 period. Brown Brothers Harriman & Co. bought a new position in shares of Lincoln National during the 4th quarter worth approximately $27,000. Adirondack Trust Co. bought a new position in shares of Lincoln National during the 2nd quarter worth approximately $31,000. Finally, Transcendent Capital Group LLC bought a new position in shares of Lincoln National during the 4th quarter worth approximately $35,000. 72.81% of the stock is currently owned by institutional investors.

Lincoln National Stock Performance

LNC stock opened at $31.44 on Wednesday. Lincoln National has a 1-year low of $20.85 and a 1-year high of $36.46. 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 firm has a market cap of $5.35 billion, a PE ratio of 4.30, a P/E/G ratio of 0.31 and a beta of 1.81. The business’s 50-day moving average price is $31.02 and its two-hundred day moving average price is $30.58.

Lincoln National (NYSE:LNC) last released its quarterly 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 analyst estimates 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 firm posted $2.02 earnings per share. As a group, research analysts forecast that Lincoln National will post 5.71 earnings per share for the current year.

Lincoln National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be paid a $0.45 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.80 dividend on an annualized basis and a yield of 5.73%. Lincoln National’s dividend payout ratio is 24.62%.

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.