Lincoln National (NYSE:LNC) Stock Price Target Lowered at Keefe, Bruyette & Woods

Lincoln National (NYSE:LNC) had its price target dropped by Keefe, Bruyette & Woods from $51.00 to $50.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 24.88% from the stock’s current price.

Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. boosted their price target on shares of Lincoln National from $40.00 to $42.00 and gave the company an “underweight” rating in a research note on Tuesday, July 21st. Barclays boosted their target price on shares of Lincoln National from $45.00 to $48.00 and gave the stock an “overweight” rating in a research report on Wednesday. UBS Group increased their price target on Lincoln National from $44.00 to $46.00 and gave the company a “neutral” rating in a research report on Tuesday. Jefferies Financial Group upped their target price on shares of Lincoln National from $56.00 to $57.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Finally, TD Cowen upped their price objective on shares of Lincoln National from $37.00 to $42.00 and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $47.67.

Lincoln National Stock Down 2.3%

NYSE:LNC traded down $0.95 on Friday, hitting $40.04. The stock had a trading volume of 482,798 shares, compared to its average volume of 2,041,367. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.62. Lincoln National has a 52 week low of $32.18 and a 52 week high of $47.67. The business’s fifty day moving average is $43.29 and its 200 day moving average is $39.19. The company has a market cap of $7.67 billion, a PE ratio of 3.47, a P/E/G ratio of 1.45 and a beta of 1.16.

Lincoln National (NYSE:LNC) last released its quarterly earnings data on Thursday, July 30th. The financial services provider reported $2.24 EPS for the quarter, beating the consensus estimate of $1.96 by $0.28. Lincoln National had a return on equity of 17.35% and a net margin of 12.21%.The firm had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter in the previous year, the company posted $2.36 earnings per share. The company’s quarterly revenue was up 12.3% on a year-over-year basis. On average, equities research analysts expect that Lincoln National will post 7.99 EPS for the current fiscal year.

Insider Buying and Selling at Lincoln National

In other news, Director Gary Kelly sold 15,007 shares of the company’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $26.50, for a total transaction of $397,685.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Sean Woodroffe sold 11,000 shares of Lincoln National stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $45.28, for a total value of $498,080.00. Following the completion of the sale, the executive vice president directly owned 119,947 shares of the company’s stock, valued at approximately $5,431,200.16. This trade represents a 8.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.03% of the company’s stock.

Institutional Trading of Lincoln National

Several hedge funds and other institutional investors have recently modified their holdings of LNC. Trust Co. of Vermont bought a new stake in shares of Lincoln National during the 2nd quarter valued at $28,000. NBT Bank N A NY boosted its position in shares of Lincoln National by 2,051.1% in the first quarter. NBT Bank N A NY now owns 968 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 923 shares during the period. SJS Investment Consulting Inc. grew its stake in Lincoln National by 6,269.6% during the first quarter. SJS Investment Consulting Inc. now owns 1,465 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 1,442 shares in the last quarter. CoreCap Advisors LLC increased its holdings in Lincoln National by 935.2% during the 2nd quarter. CoreCap Advisors LLC now owns 1,853 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 1,674 shares during the period. Finally, Eastern Bank boosted its holdings in Lincoln National by 45.7% in the 2nd quarter. Eastern Bank now owns 1,865 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 585 shares during the period. Institutional investors own 72.81% of the company’s stock.

About Lincoln National

Lincoln National Corporation, operating under the Lincoln Financial Group brand, is a financial services company that provides insurance and retirement solutions primarily in the United States. Its businesses serve individuals, families, employers and institutions through a portfolio of life insurance, annuities and workplace benefit products.

The company’s offerings include term and permanent life insurance, variable and fixed annuities, and retirement plan services designed to support income and financial planning needs.