Lincoln National (NYSE:LNC) Raised to Hold at Jefferies Financial Group

Lincoln National (NYSE:LNCGet Free Report) was upgraded by equities researchers at Jefferies Financial Group from an “underperform” rating to a “hold” rating in a research note issued on Monday, Marketbeat.com reports.

LNC has been the subject of a number of other reports. TheStreet cut shares of Lincoln National from a “c” rating to a “d+” rating in a research note on Thursday, February 8th. Morgan Stanley cut their target price on shares of Lincoln National from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, November 2nd. The Goldman Sachs Group upped their target price on shares of Lincoln National from $29.00 to $36.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. StockNews.com upgraded shares of Lincoln National from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, JPMorgan Chase & Co. cut shares of Lincoln National from a “neutral” rating to an “underweight” rating and set a $26.00 target price for the company. in a research note on Wednesday, January 3rd. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $26.20.

View Our Latest Analysis on LNC

Lincoln National Price Performance

Shares of Lincoln National stock opened at $27.95 on Monday. The firm has a fifty day simple moving average of $27.19 and a 200-day simple moving average of $25.43. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.19 and a current ratio of 0.26. Lincoln National has a 1-year low of $18.50 and a 1-year high of $35.15.

Insider Buying and Selling

In other news, Director Owen Ryan bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was acquired at an average price of $25.90 per share, for a total transaction of $259,000.00. Following the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $259,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.55% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Jump Financial LLC boosted its stake in Lincoln National by 73.7% during the 3rd quarter. Jump Financial LLC now owns 306,565 shares of the financial services provider’s stock worth $7,569,000 after acquiring an additional 130,047 shares during the last quarter. Mcmillion Capital Management Inc. bought a new position in Lincoln National in the second quarter valued at approximately $75,000. Kingsview Wealth Management LLC lifted its stake in Lincoln National by 862.6% in the third quarter. Kingsview Wealth Management LLC now owns 116,724 shares of the financial services provider’s stock valued at $2,882,000 after buying an additional 104,598 shares in the last quarter. Quantinno Capital Management LP bought a new position in Lincoln National in the second quarter valued at approximately $727,000. Finally, Principal Financial Group Inc. lifted its stake in Lincoln National by 82.1% in the third quarter. Principal Financial Group Inc. now owns 1,758,754 shares of the financial services provider’s stock valued at $43,424,000 after buying an additional 792,900 shares in the last quarter. Institutional investors own 71.89% of the company’s stock.

About Lincoln National

(Get Free Report)

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The company's Life Insurance segment provides life insurance products, including term insurance, such as single and survivorship versions of universal life insurance; variable universal life insurance; indexed universal life insurance products; and critical illness and long-term care riders.

See Also

Analyst Recommendations for Lincoln National (NYSE:LNC)

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