Analysts Offer Predictions for Lincoln National Co.’s FY2022 Earnings (NYSE:LNC)

Lincoln National Co. (NYSE:LNCGet Rating) – Equities research analysts at Jefferies Financial Group reduced their FY2022 earnings per share (EPS) estimates for Lincoln National in a report issued on Tuesday, January 17th. Jefferies Financial Group analyst S. Kamath now forecasts that the financial services provider will post earnings of ($4.53) per share for the year, down from their prior forecast of ($4.15). Jefferies Financial Group currently has a “Underperform” rating and a $25.00 target price on the stock. The consensus estimate for Lincoln National’s current full-year earnings is ($4.19) per share. Jefferies Financial Group also issued estimates for Lincoln National’s Q4 2022 earnings at $1.60 EPS, Q1 2024 earnings at $1.98 EPS, Q2 2024 earnings at $2.36 EPS, Q3 2024 earnings at $2.29 EPS, FY2024 earnings at $9.00 EPS, FY2025 earnings at $9.90 EPS and FY2026 earnings at $10.75 EPS.

Several other analysts have also recently commented on LNC. The Goldman Sachs Group dropped their price target on Lincoln National from $46.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, January 9th. TheStreet cut Lincoln National from a “b-” rating to a “d+” rating in a research report on Wednesday, November 2nd. JPMorgan Chase & Co. cut Lincoln National from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $55.00 to $36.00 in a research report on Friday, January 6th. Evercore ISI lowered their price objective on Lincoln National to $33.00 in a research note on Monday, December 12th. Finally, Piper Sandler lowered their price objective on Lincoln National from $38.00 to $31.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 20th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $36.36.

Lincoln National Stock Up 6.1 %

Shares of LNC opened at $31.75 on Friday. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.19 and a current ratio of 0.19. Lincoln National has a one year low of $28.61 and a one year high of $76.40. The stock has a market capitalization of $5.37 billion, a price-to-earnings ratio of -2.63, a PEG ratio of 0.37 and a beta of 1.78. The stock has a 50 day moving average price of $33.21 and a 200 day moving average price of $42.49.

Lincoln National (NYSE:LNCGet Rating) last issued its quarterly earnings results on Wednesday, November 2nd. The financial services provider reported ($10.23) EPS for the quarter, missing the consensus estimate of $1.93 by ($12.16). Lincoln National had a negative return on equity of 6.59% and a negative net margin of 10.52%. The firm had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $4.37 billion.

Hedge Funds Weigh In On Lincoln National

Several hedge funds have recently bought and sold shares of LNC. American Century Companies Inc. lifted its stake in Lincoln National by 11.6% during the 1st quarter. American Century Companies Inc. now owns 17,600 shares of the financial services provider’s stock worth $1,151,000 after acquiring an additional 1,835 shares in the last quarter. Private Advisor Group LLC lifted its stake in Lincoln National by 4.2% during the 1st quarter. Private Advisor Group LLC now owns 6,980 shares of the financial services provider’s stock worth $456,000 after acquiring an additional 284 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Lincoln National by 2,066.8% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 17,768 shares of the financial services provider’s stock worth $1,161,000 after acquiring an additional 16,948 shares in the last quarter. MetLife Investment Management LLC lifted its stake in Lincoln National by 24.7% during the 1st quarter. MetLife Investment Management LLC now owns 46,808 shares of the financial services provider’s stock worth $3,059,000 after acquiring an additional 9,279 shares in the last quarter. Finally, Panagora Asset Management Inc. lifted its stake in Lincoln National by 107.8% during the 1st quarter. Panagora Asset Management Inc. now owns 10,455 shares of the financial services provider’s stock worth $683,000 after acquiring an additional 5,423 shares in the last quarter. Institutional investors and hedge funds own 78.00% of the company’s stock.

Insider Activity

In other news, EVP John Christopher Kennedy sold 1,500 shares of the company’s stock in a transaction on Thursday, December 15th. The stock was sold at an average price of $30.79, for a total value of $46,185.00. Following the transaction, the executive vice president now owns 20,336 shares of the company’s stock, valued at approximately $626,145.44. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.75% of the company’s stock.

Lincoln National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 1st. Stockholders of record on Tuesday, January 10th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 5.67%. The ex-dividend date is Monday, January 9th. Lincoln National’s dividend payout ratio (DPR) is presently -14.94%.

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.

Read More

Earnings History and Estimates for Lincoln National (NYSE:LNC)

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.