Lincoln National Corporation (NYSE:LNC) Stock Has Consensus Target Price of $48.67

by · The Cerbat Gem

Lincoln National Corporation (NYSE:LNC – Get Free Report) has received an average rating of “Hold” from the thirteen research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $48.67.

Several equities research analysts have recently commented on the company. UBS Group lifted their target price on Lincoln National from $44.00 to $46.00 and gave the company a “neutral” rating in a research note on Tuesday, October 6th. National Bank Financial set a $49.00 price objective on Lincoln National in a research report on Wednesday, October 7th. Wells Fargo & Company upped their target price on shares of Lincoln National from $52.00 to $54.00 and gave the company an “overweight” rating in a research report on Monday, October 12th. Morgan Stanley reduced their target price on shares of Lincoln National from $50.00 to $47.00 and set an “overweight” rating on the stock in a research note on Monday, October 5th. Finally, Mizuho lowered their price target on shares of Lincoln National from $53.00 to $49.00 and set an “outperform” rating for the company in a research report on Wednesday, October 7th.

Check Out Our Latest Analysis on Lincoln National

Lincoln National Trading Down 0.5%

Shares of NYSE LNC opened at $42.54 on Monday. Lincoln National has a 1-year low of $32.18 and a 1-year high of $47.67. The company has a 50-day moving average of $41.51 and a two-hundred day moving average of $39.05. The company has a market cap of $8.10 billion, a PE ratio of 2.63, a P/E/G ratio of 1.21 and a beta of 1.16. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.73.

Lincoln National (NYSE:LNC – Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The financial services provider reported $1.72 earnings per share for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.24). Lincoln National had a net margin of 16.36% and a return on equity of 17.02%. The company had revenue of $5.06 billion during the quarter, compared to analyst estimates of $4.97 billion. During the same period in the prior year, the business earned $2.04 EPS. As a group, equities analysts expect that Lincoln National will post 7.89 earnings per share for the current fiscal year.

Lincoln National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 1st. Shareholders of record on Monday, January 11th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Monday, January 11th. This represents a $1.80 dividend on an annualized basis and a yield of 4.2%. Lincoln National’s dividend payout ratio (DPR) is presently 11.12%.

Insider Buying and Selling at Lincoln National

In other news, EVP Craigt T. Beazer sold 17,980 shares of the firm’s stock in a transaction on Monday, November 9th. The stock was sold at an average price of $42.50, for a total value of $764,150.00. Following the transaction, the executive vice president directly owned 87,702 shares in the company, valued at $3,727,335. This trade represents a 17.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Sean Woodroffe sold 17,500 shares of Lincoln National stock in a transaction on Friday, November 6th. The stock was sold at an average price of $40.24, for a total value of $704,200.00. Following the sale, the executive vice president directly owned 103,296 shares of the company’s stock, valued at approximately $4,156,631.04. This trade represents a 14.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 98,914 shares of company stock worth $4,024,989. Insiders own 1.03% of the company’s stock.

Hedge Funds Weigh In On Lincoln National

Hedge funds have recently added to or reduced their stakes in the stock. Arizona State Retirement System increased its stake in shares of Lincoln National by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 47,206 shares of the financial services provider’s stock valued at $1,669,000 after acquiring an additional 252 shares during the last quarter. Apollon Wealth Management LLC boosted its stake in Lincoln National by 4.5% during the 3rd quarter. Apollon Wealth Management LLC now owns 6,326 shares of the financial services provider’s stock worth $255,000 after acquiring an additional 270 shares during the last quarter. Sage Rhino Capital LLC grew its holdings in Lincoln National by 3.9% during the third quarter. Sage Rhino Capital LLC now owns 8,510 shares of the financial services provider’s stock valued at $343,000 after purchasing an additional 316 shares during the period. IFP Advisors Inc increased its stake in Lincoln National by 7.0% in the third quarter. IFP Advisors Inc now owns 5,362 shares of the financial services provider’s stock valued at $216,000 after purchasing an additional 349 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC raised its holdings in Lincoln National by 1.5% in the second quarter. Wealthcare Advisory Partners LLC now owns 30,999 shares of the financial services provider’s stock worth $1,096,000 after purchasing an additional 454 shares during the period. Institutional investors and hedge funds own 72.81% of the company’s stock.

Lincoln National Company Profile

(Get Free Report)

Lincoln National Corporation, operating as Lincoln Financial Group, is a financial services and insurance company whose businesses focus on protecting income and helping individuals and employers plan for financial needs. Its offerings include life insurance, annuities, workplace benefits and retirement plan services. The company serves individuals, employers and retirement plan participants primarily in the United States. Its workplace protection products include benefits such as disability and life insurance, while its retirement services support employers and employees with workplace savings plans.

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