Brokerages Set Lincoln National Co. (NYSE:LNC) Price Target at $33.25

Shares of Lincoln National Co. (NYSE:LNC) have been assigned an average rating of “Hold” from the twelve analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $33.25.

A number of brokerages have issued reports on LNC. Piper Sandler decreased their price target on Lincoln National from $37.00 to $34.00 and set a “neutral” rating for the company in a report on Wednesday, October 2nd. Morgan Stanley reduced their price objective on shares of Lincoln National from $30.00 to $29.00 and set an “equal weight” rating for the company in a research report on Monday, August 19th. TD Cowen increased their target price on shares of Lincoln National from $34.00 to $37.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. Barclays upped their price objective on shares of Lincoln National from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Finally, StockNews.com upgraded Lincoln National from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th.

Insider Activity at Lincoln National

In other Lincoln National news, EVP John Christopher Kennedy sold 2,863 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $36.00, for a total transaction of $103,068.00. Following the transaction, the executive vice president now owns 99,644 shares of the company’s stock, valued at $3,587,184. This represents a 2.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.54% of the stock is currently owned by company insiders.

Institutional Trading of Lincoln National

Hedge funds have recently added to or reduced their stakes in the business. State Street Corp increased its position in Lincoln National by 1.3% during the 3rd quarter. State Street Corp now owns 6,227,993 shares of the financial services provider’s stock worth $196,244,000 after purchasing an additional 79,955 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Lincoln National by 4.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,763,703 shares of the financial services provider’s stock worth $150,104,000 after purchasing an additional 193,025 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Lincoln National by 4.7% in the third quarter. Geode Capital Management LLC now owns 3,373,487 shares of the financial services provider’s stock worth $106,322,000 after buying an additional 152,622 shares during the period. Principal Financial Group Inc. lifted its position in Lincoln National by 7.2% during the 3rd quarter. Principal Financial Group Inc. now owns 3,309,453 shares of the financial services provider’s stock worth $104,281,000 after acquiring an additional 223,129 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Lincoln National by 14.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,828,513 shares of the financial services provider’s stock worth $87,970,000 after acquiring an additional 348,601 shares during the period. 72.81% of the stock is owned by institutional investors and hedge funds.

Lincoln National Trading Up 0.1 %

Shares of NYSE LNC opened at $32.91 on Monday. The stock has a fifty day simple moving average of $33.86 and a 200-day simple moving average of $32.25. Lincoln National has a twelve month low of $24.26 and a twelve month high of $36.98. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $5.61 billion, a PE ratio of 23.51, a PEG ratio of 0.31 and a beta of 1.77.

Lincoln National (NYSE:LNC) last announced its quarterly earnings data on Thursday, October 31st. The financial services provider reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.42. The business had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.61 billion. Lincoln National had a return on equity of 18.15% and a net margin of 2.51%. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period last year, the firm earned $0.23 earnings per share. On average, equities analysts forecast that Lincoln National will post 6.62 earnings per share for the current year.

Lincoln National Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 5.47%. The ex-dividend date of this dividend is Friday, January 10th. Lincoln National’s dividend payout ratio (DPR) is 128.57%.

About Lincoln National

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates in four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders.