Lincoln National (NYSE:LNC) Raised to Hold at StockNews.com

Lincoln National (NYSE:LNC) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Thursday.

A number of other research firms have also weighed in on LNC. Barclays boosted their price target on shares of Lincoln National from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. TD Cowen began coverage on Lincoln National in a report on Wednesday, October 9th. They set a “hold” rating and a $34.00 target price on the stock. Morgan Stanley cut their price target on Lincoln National from $30.00 to $29.00 and set an “equal weight” rating for the company in a report on Monday, August 19th. Piper Sandler lowered their price objective on Lincoln National from $37.00 to $34.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 2nd. Finally, Bank of America dropped their target price on Lincoln National from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $33.00.

Lincoln National Price Performance

Shares of Lincoln National stock opened at $34.86 on Thursday. The stock has a market capitalization of $5.94 billion, a P/E ratio of 24.90, a PEG ratio of 0.34 and a beta of 1.79. The business has a 50 day simple moving average of $31.92 and a two-hundred day simple moving average of $31.34. Lincoln National has a 12 month low of $21.59 and a 12 month high of $36.98. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.27 and a quick ratio of 0.27.

Lincoln National (NYSE:LNC) last posted its quarterly earnings data on Thursday, October 31st. The financial services provider reported $2.06 EPS for the quarter, beating the consensus estimate of $1.64 by $0.42. Lincoln National had a return on equity of 18.15% and a net margin of 2.51%. The firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.61 billion. During the same period in the prior year, the company earned $0.23 EPS. The firm’s revenue was down 2.2% compared to the same quarter last year. As a group, analysts predict that Lincoln National will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Lincoln National

In other Lincoln National news, EVP John Christopher Kennedy sold 2,863 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now owns 99,644 shares of the company’s stock, valued at $3,587,184. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.54% of the company’s stock.

Institutional Trading of Lincoln National

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its stake in shares of Lincoln National by 249.4% in 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 acquiring an additional 873 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Lincoln National in the 1st quarter valued at about $207,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Lincoln National in the 1st quarter valued at about $505,000. Central Pacific Bank Trust Division purchased a new stake in shares of Lincoln National during the first quarter worth approximately $25,000. Finally, Texas Permanent School Fund Corp raised its holdings in Lincoln National by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 148,486 shares of the financial services provider’s stock valued at $4,741,000 after acquiring an additional 2,102 shares in the last quarter. 72.81% of the stock is currently owned by hedge funds and other 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.