Lincoln National Co. (NYSE:LNC) Receives $33.00 Consensus Target Price from Brokerages

Lincoln National Co. (NYSE:LNC) has been given an average recommendation of “Hold” by the twelve brokerages that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $33.00.

A number of analysts have weighed in on the company. Morgan Stanley reduced their target price on 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. StockNews.com upgraded shares of Lincoln National from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Wells Fargo & Company raised their target price on shares of Lincoln National from $28.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Barclays boosted their price target on Lincoln National from $35.00 to $36.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Finally, TD Cowen began coverage on Lincoln National in a research report on Wednesday, October 9th. They set a “hold” rating and a $34.00 target price for the company.

Insider Transactions at Lincoln National

In other Lincoln National news, EVP John Christopher Kennedy sold 2,863 shares of the company’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 in the company, valued at approximately $3,587,184. This represents a 2.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LNC. Geode Capital Management LLC raised its holdings in Lincoln National by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 3,373,487 shares of the financial services provider’s stock worth $106,322,000 after purchasing an additional 152,622 shares during the period. Public Employees Retirement System of Ohio raised its stake 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 worth $2,097,000 after buying an additional 1,688 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of Lincoln National during the 3rd quarter valued at approximately $1,291,000. iSAM Funds UK Ltd grew its stake in Lincoln National by 12.0% in the 3rd quarter. iSAM Funds UK Ltd now owns 11,922 shares of the financial services provider’s stock valued at $376,000 after acquiring an additional 1,278 shares during the period. Finally, EP Wealth Advisors LLC acquired a new position in Lincoln National during the third quarter worth $285,000. Hedge funds and other institutional investors own 72.81% of the company’s stock.

Lincoln National Stock Up 1.2 %

Shares of NYSE LNC opened at $35.35 on Thursday. The stock has a market capitalization of $6.02 billion, a price-to-earnings ratio of 25.25, a P/E/G ratio of 0.31 and a beta of 1.79. Lincoln National has a 12-month low of $23.14 and a 12-month high of $36.98. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.73. The firm’s 50-day moving average price is $32.35 and its 200-day moving average price is $31.62.

Lincoln National (NYSE:LNC) last released its quarterly earnings results on Thursday, October 31st. The financial services provider reported $2.06 earnings per share 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 company had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.61 billion. During the same quarter in the prior year, the firm posted $0.23 EPS. Lincoln National’s quarterly revenue was down 2.2% compared to the same quarter last year. On average, equities research analysts anticipate that Lincoln National will post 6.53 EPS for the current fiscal year.

Lincoln National Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.80 dividend on an annualized basis and a yield of 5.09%. Lincoln National’s dividend payout ratio is currently 128.57%.

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.