Lincoln National Receives Positive Rating from Bank of America (LNC)
The analysts wrote, “LNC has an 11.5% ROE today with some upward bias given tangible ROE is in the low teens and excess subsidiary capital and free cash flow should allow for substantial payouts to shareholders over time. Given its concentration to U.S. life insurance and VA products, it has the highest interest rate and equity market exposure among U.S. life companies. However, if rates moderate higher, and equity markets grow at a normalized pace, LNC should be among the best performing stocks in the sector.”
Shares of Lincoln National (NYSE:LNC) traded down 2.37% during mid-day trading on Thursday, hitting $51.15. 2,339,389 shares of the company’s stock traded hands. Lincoln National has a one year low of $40.84 and a one year high of $53.86. The stock has a 50-day moving average of $52.14 and a 200-day moving average of $50.16. The company has a market cap of $13.415 billion and a P/E ratio of 10.07.
Lincoln National (NYSE:LNC) last announced its earnings results on Wednesday, July 30th. The company reported $1.47 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.37 by $0.10. The company had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter last year, the company posted $1.27 earnings per share. Lincoln National’s revenue was up 7.8% compared to the same quarter last year. Analysts expect that Lincoln National will post $5.62 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James raised their price target on shares of Lincoln National from $58.00 to $63.00 in a research note on Thursday, July 17th. They now have a “strong-buy” rating on the stock. Separately, analysts at Sterne Agee reiterated a “neutral” rating on shares of Lincoln National in a research note on Thursday, July 17th. They now have a $59.00 price target on the stock, up previously from $58.00. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Lincoln National in a research note on Monday, July 14th. They now have a $60.00 price target on the stock, up previously from $56.00. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Lincoln National has an average rating of “Hold” and a consensus price target of $57.83.
Lincoln National Corporation (NYSE:LNC) is a holding company, which operates multiple insurance and retirement businesses through subsidiary companies.
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