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

Shares of Lincoln National Co. (NYSE:LNCGet Rating) have received a consensus rating of “Hold” from the eleven analysts that are presently covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $69.67.

LNC has been the subject of several recent analyst reports. Barclays reduced their target price on shares of Lincoln National from $66.00 to $58.00 in a research note on Tuesday, May 10th. Wolfe Research lowered shares of Lincoln National from an “outperform” rating to a “market perform” rating in a research report on Wednesday. StockNews.com assumed coverage on shares of Lincoln National in a research report on Thursday, March 31st. They set a “hold” rating for the company. Morgan Stanley reduced their price target on shares of Lincoln National from $81.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday, April 8th. Finally, Piper Sandler cut their target price on shares of Lincoln National from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Friday, May 27th.

Lincoln National stock opened at $47.91 on Thursday. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.45. Lincoln National has a 12-month low of $46.07 and a 12-month high of $77.57. The firm’s fifty day moving average is $56.81 and its 200 day moving average is $63.96. The company has a market capitalization of $8.24 billion, a PE ratio of 7.05, a PEG ratio of 0.26 and a beta of 1.91.

Lincoln National (NYSE:LNCGet Rating) last released its quarterly earnings data on Wednesday, May 4th. The financial services provider reported $1.66 earnings per share for the quarter, missing the consensus estimate of $1.97 by ($0.31). Lincoln National had a return on equity of 7.68% and a net margin of 6.62%. The business had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.80 billion. During the same quarter in the previous year, the company posted $1.82 EPS. The business’s quarterly revenue was down .9% on a year-over-year basis. Sell-side analysts expect that Lincoln National will post 9.67 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 1st. Shareholders of record on Monday, July 11th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 3.76%. The ex-dividend date is Friday, July 8th. Lincoln National’s dividend payout ratio (DPR) is presently 26.47%.

Institutional investors have recently modified their holdings of the company. Lyrical Asset Management LP lifted its position in Lincoln National by 1.2% during the first quarter. Lyrical Asset Management LP now owns 4,147,536 shares of the financial services provider’s stock valued at $271,083,000 after buying an additional 49,765 shares during the period. JPMorgan Chase & Co. raised its position in shares of Lincoln National by 19.9% in the 1st quarter. JPMorgan Chase & Co. now owns 3,401,204 shares of the financial services provider’s stock worth $222,304,000 after purchasing an additional 564,100 shares during the last quarter. Invesco Ltd. raised its position in shares of Lincoln National by 15.9% in the 1st quarter. Invesco Ltd. now owns 3,005,501 shares of the financial services provider’s stock worth $196,440,000 after purchasing an additional 411,343 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Lincoln National by 4.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,900,801 shares of the financial services provider’s stock worth $189,613,000 after purchasing an additional 113,356 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Lincoln National by 1.3% in the 4th quarter. Northern Trust Corp now owns 2,461,149 shares of the financial services provider’s stock worth $167,998,000 after purchasing an additional 32,498 shares during the last quarter. Hedge funds and other institutional investors own 86.40% of the company’s stock.

Lincoln National Company Profile (Get Rating)

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The Annuities segment offers fixed, variable, and indexed variable annuities.

See Also

Analyst Recommendations for Lincoln National (NYSE:LNC)

Want More Great Investing Ideas?

Receive News & Ratings for Lincoln National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lincoln National and related companies with MarketBeat.com's FREE daily email newsletter.