Lincoln National Corp. (NYSE:LNC) has received a consensus recommendation of “Hold” from the seventeen analysts that are presently covering the company. Two equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $53.00.
Several research analysts have commented on LNC shares. Wells Fargo & Co. started coverage on Lincoln National Corp. in a research note on Friday, September 23rd. They issued a “market perform” rating for the company. Zacks Investment Research downgraded Lincoln National Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. FBR & Co restated a “buy” rating on shares of Lincoln National Corp. in a research note on Friday, June 10th. Bank of America Corp. cut Lincoln National Corp. from a “buy” rating to a “neutral” rating in a report on Wednesday, June 29th. Finally, Deutsche Bank AG lowered their price target on Lincoln National Corp. from $57.00 to $53.00 and set a “hold” rating on the stock in a report on Thursday, July 7th.
Lincoln National Corp. (NYSE:LNC) traded up 0.749% during mid-day trading on Wednesday, hitting $46.395. The stock had a trading volume of 957,109 shares. Lincoln National Corp. has a 52 week low of $30.39 and a 52 week high of $57.54. The company’s 50 day moving average price is $46.54 and its 200 day moving average price is $43.22. The firm has a market cap of $10.80 billion, a PE ratio of 11.115 and a beta of 2.16.
Lincoln National Corp. (NYSE:LNC) last issued its earnings results on Wednesday, August 3rd. The company reported $1.56 EPS for the quarter, missing the consensus estimate of $1.58 by $0.02. Lincoln National Corp. had a return on equity of 9.27% and a net margin of 7.71%. The company earned $3.40 billion during the quarter, compared to the consensus estimate of $3.45 billion. During the same quarter in the prior year, the business earned $1.46 EPS. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. Analysts anticipate that Lincoln National Corp. will post $6.07 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 1st. Investors of record on Monday, October 10th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $1.00 annualized dividend and a yield of 2.17%. Lincoln National Corp.’s payout ratio is 23.92%.
In other news, EVP Lisa Buckingham sold 12,881 shares of Lincoln National Corp. stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $48.26, for a total value of $621,637.06. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Patrick S. Pittard sold 10,382 shares of Lincoln National Corp. stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $46.67, for a total value of $484,527.94. Following the completion of the sale, the director now owns 13,115 shares in the company, valued at $612,077.05. The disclosure for this sale can be found here. Corporate insiders own 1.41% of the company’s stock.
Large investors have recently modified their holdings of the company. Prudential Financial Inc. raised its stake in shares of Lincoln National Corp. by 97.2% in the first quarter. Prudential Financial Inc. now owns 1,976,880 shares of the company’s stock worth $77,494,000 after buying an additional 974,590 shares in the last quarter. Teachers Advisors Inc. raised its stake in shares of Lincoln National Corp. by 11.8% in the first quarter. Teachers Advisors Inc. now owns 408,970 shares of the company’s stock worth $16,032,000 after buying an additional 43,298 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of Lincoln National Corp. by 7.9% in the first quarter. TIAA CREF Investment Management LLC now owns 1,199,935 shares of the company’s stock worth $47,037,000 after buying an additional 87,404 shares in the last quarter. Cornerstone Financial Partners LLC acquired a new stake in shares of Lincoln National Corp. during the first quarter worth $1,135,000. Finally, Pacad Investment Ltd. raised its stake in shares of Lincoln National Corp. by 189.4% in the first quarter. Pacad Investment Ltd. now owns 66,685 shares of the company’s stock worth $2,614,000 after buying an additional 43,644 shares in the last quarter. Hedge funds and other institutional investors own 78.68% of the company’s stock.
Lincoln National Corp. Company Profile
Lincoln National Corporation is a holding company, which operates insurance and retirement businesses through subsidiary companies. The Company sells a range of wealth protection, accumulation and retirement income products and solutions, through its business segments. It operates through four segments: Annuities segment, which offers fixed (including indexed) and variable annuities; Retirement Plan Services segment, which provides employers with retirement plan products and services; Life Insurance segment, which focuses in the creation and protection of wealth through life insurance products, and Group Protection, which offers principally group non-medical insurance products.
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