Lincoln National Co. (NYSE:LNC) Receives Average Recommendation of “Hold” from Analysts

Shares of Lincoln National Co. (NYSE:LNC) have earned an average rating of “Hold” from the twelve research firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $33.25.

Several equities analysts recently weighed in on the stock. Barclays increased their price target on shares of Lincoln National from $35.00 to $36.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. TD Cowen raised their target price on shares of Lincoln National from $34.00 to $37.00 and gave the stock a “hold” rating in a report on Wednesday, November 27th. StockNews.com raised shares of Lincoln National from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Piper Sandler cut their price target on Lincoln National from $37.00 to $34.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company boosted their price target on Lincoln National from $28.00 to $29.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th.

Insider Transactions at Lincoln National

In related news, EVP John Christopher Kennedy sold 2,863 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $36.00, for a total transaction of $103,068.00. Following the completion of the sale, the executive vice president now directly owns 99,644 shares in the company, valued at approximately $3,587,184. This trade represents a 2.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 company. Blue Trust Inc. increased its holdings in Lincoln National by 535.5% in the 3rd quarter. Blue Trust Inc. now owns 1,074 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 905 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of Lincoln National by 95.3% during the third quarter. Larson Financial Group LLC now owns 1,086 shares of the financial services provider’s stock worth $34,000 after buying an additional 530 shares during the period. Eastern Bank acquired a new stake in shares of Lincoln National in the third quarter valued at $40,000. Meeder Asset Management Inc. purchased a new stake in shares of Lincoln National in the 3rd quarter valued at $48,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in Lincoln National by 67.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,044 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 821 shares in the last quarter. Hedge funds and other institutional investors own 72.81% of the company’s stock.

Lincoln National Stock Up 0.4 %

Shares of NYSE:LNC opened at $31.84 on Friday. The business has a 50 day simple moving average of $33.66 and a two-hundred day simple moving average of $32.21. 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 has a 1 year low of $25.09 and a 1 year high of $36.98. The firm has a market capitalization of $5.42 billion, a PE ratio of 22.74, a price-to-earnings-growth ratio of 0.29 and a beta of 1.77.

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 analysts’ consensus estimates of $1.64 by $0.42. The business had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.61 billion. Lincoln National had a net margin of 2.51% and a return on equity of 18.15%. The company’s revenue was down 2.2% compared to the same quarter last year. During the same period last year, the business earned $0.23 EPS. On average, equities analysts predict that Lincoln National will post 7.03 EPS for the current year.

Lincoln National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.65%. The ex-dividend date of this dividend is Friday, January 10th. Lincoln National’s payout ratio is 128.57%.

About Lincoln National

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.