Lincoln National Receives Average Rating of “Hold” from Brokerages (NYSE:LNC)
Lincoln National (NYSE:LNC) has earned a consensus rating of “Hold” from the thirteen brokerages that are covering the stock, StockRatingsNetwork.com reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $57.71.
Shares of Lincoln National (NYSE:LNC) opened at 53.83 on Monday. Lincoln National has a 52 week low of $40.84 and a 52 week high of $53.86. The stock has a 50-day moving average of $52.20 and a 200-day moving average of $50.37. The company has a market cap of $14.054 billion and a price-to-earnings ratio of 10.25.
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 announced a quarterly dividend, which is scheduled for Saturday, November 1st. Stockholders of record on Friday, October 10th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Wednesday, October 8th.
In other Lincoln National news, Director William H. Dr Cunningham unloaded 8,179 shares of the stock on the open market in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $53.48, for a total transaction of $437,412.92. The sale was disclosed in a filing with the SEC, 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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