Lincoln National Receives Average Recommendation of “Hold” from Analysts (NYSE:LNC)
Shares of Lincoln National (NYSE:LNC) have received an average recommendation of “Hold” from the thirteen analysts that are covering the stock, Stock Ratings Network reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $57.71.
Lincoln National (NYSE:LNC) traded up 1.34% on Monday, hitting $52.12. The stock had a trading volume of 154,671 shares. Lincoln National has a one year low of $40.84 and a one year high of $53.86. The stock’s 50-day moving average is $52.05 and its 200-day moving average is $50.22. The company has a market cap of $13.607 billion and a P/E ratio of 9.88.
Lincoln National (NYSE:LNC) last issued its quarterly earnings data 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. On average, analysts predict that Lincoln National will post $5.67 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Saturday, November 1st. Stockholders of record on Friday, October 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 1.24%. The ex-dividend date of this dividend is Wednesday, October 8th.
In other Lincoln National news, Insider Mark E. Konen sold 3,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $51.63, for a total value of $154,890.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Raymond James reiterated a “strong-buy” rating on shares of Lincoln National in a research note on Monday, August 4th. They now have a $61.50 price target on the stock, down previously from $63.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Lincoln National in a research note on Thursday, July 31st. They now have a $56.00 price target on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Lincoln National from $49.00 to $52.00 in a research note on Thursday, July 31st. They now have an “underperform” rating on the stock.
Lincoln National Corporation (NYSE:LNC) is a holding company, which operates multiple insurance and retirement businesses through subsidiary companies.
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