Lincoln National Receives Average Recommendation of “Hold” from Analysts (NYSE:LNC)
Lincoln National (NYSE:LNC) has been given an average rating of “Hold” by the twelve ratings firms that are covering the stock, Stock Ratings Network reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $51.83.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Lincoln National in a research note on Friday, May 2nd. They now have a $51.00 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods initiated coverage on shares of Lincoln National in a research note on Thursday, May 1st. They set a “market perform” rating and a $56.00 price target on the stock.
Lincoln National (NYSE:LNC) opened at 48.84 on Wednesday. Lincoln National has a one year low of $33.57 and a one year high of $53.26. The stock’s 50-day moving average is $48.31 and its 200-day moving average is $49.9. The company has a market cap of $12.881 billion and a P/E ratio of 10.02.
Lincoln National (NYSE:LNC) last issued its quarterly earnings data on Thursday, May 1st. The company reported $1.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.30 by $0.04. The company had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.17 billion. On average, analysts predict that Lincoln National will post $5.49 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 1st. Shareholders of record on Thursday, July 10th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Tuesday, July 8th.
Lincoln National Corporation (NYSE:LNC) is a holding company, which operates multiple insurance and retirement businesses through subsidiary companies.