Lincoln National Hits New 12-Month High at $53.77 (LNC)
Lincoln National (NYSE:LNC)’s share price hit a new 52-week high on Thursday , Analyst Ratings.Net reports. The company traded as high as $53.77 and last traded at $53.26, with a volume of 998,063 shares traded. The stock had previously closed at $52.21.
A number of analysts have recently weighed in on LNC shares. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Lincoln National in a research note on Tuesday. They now have a $62.00 price target on the stock, up previously from $55.00. Separately, 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. Finally, 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. Two research analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Lincoln National has a consensus rating of “Hold” and a consensus target price of $53.00.
The stock has a 50-day moving average of $50.19 and a 200-day moving average of $49.98. The company has a market cap of $14.052 billion and a price-to-earnings ratio of 10.71.
Lincoln National (NYSE:LNC) last issued its quarterly earnings data on Thursday, May 1st. The company reported $1.34 earnings per share for the quarter, beating the analysts’ 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 declared a quarterly dividend, which is scheduled for Friday, August 1st. Shareholders of record on Thursday, July 10th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Tuesday, July 8th.
Lincoln National Corporation (NYSE:LNC) is a holding company, which operates multiple insurance and retirement businesses through subsidiary companies.
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