Lincoln National Corporation (NYSE:LNC) – Equities researchers at Langen Mcalenn issued their Q3 2017 earnings per share (EPS) estimates for Lincoln National Corporation in a report issued on Wednesday. Langen Mcalenn analyst R. Glasspiegel forecasts that the financial services provider will post earnings per share of $1.87 for the quarter. Langen Mcalenn also issued estimates for Lincoln National Corporation’s Q4 2017 earnings at $1.94 EPS, Q2 2018 earnings at $1.89 EPS, Q3 2018 earnings at $2.05 EPS, Q4 2018 earnings at $2.12 EPS and FY2018 earnings at $7.73 EPS.

A number of other equities research analysts also recently weighed in on LNC. BidaskClub raised shares of Lincoln National Corporation from a “hold” rating to a “buy” rating in a research note on Thursday. Royal Bank Of Canada boosted their price target on shares of Lincoln National Corporation from $77.00 to $83.00 and gave the stock an “outperform” rating in a research note on Friday. Wells Fargo & Company reissued a “hold” rating on shares of Lincoln National Corporation in a research note on Wednesday, August 2nd. Zacks Investment Research raised shares of Lincoln National Corporation from a “hold” rating to a “strong-buy” rating and set a $81.00 price target for the company in a research note on Tuesday, July 11th. Finally, Bank of America Corporation set a $78.00 price target on shares of Lincoln National Corporation in a research note on Tuesday, July 4th. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Lincoln National Corporation currently has an average rating of “Buy” and a consensus price target of $73.20.

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Shares of Lincoln National Corporation (NYSE LNC) opened at 74.25 on Monday. The firm has a 50 day moving average of $69.49 and a 200 day moving average of $67.84. The firm has a market cap of $16.72 billion, a price-to-earnings ratio of 11.37 and a beta of 1.99. Lincoln National Corporation has a 52 week low of $43.54 and a 52 week high of $74.94.

Lincoln National Corporation (NYSE:LNC) last announced its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.85 EPS for the quarter, beating the consensus estimate of $1.73 by $0.12. Lincoln National Corporation had a net margin of 10.85% and a return on equity of 10.99%. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.56 billion. During the same quarter last year, the business earned $1.56 earnings per share. Lincoln National Corporation’s revenue was up 8.2% compared to the same quarter last year.

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Lincoln National Corporation by 5.6% in the first quarter. Vanguard Group Inc. now owns 22,884,373 shares of the financial services provider’s stock valued at $1,497,782,000 after buying an additional 1,215,192 shares during the last quarter. BlackRock Inc. increased its stake in shares of Lincoln National Corporation by 2,922.6% in the first quarter. BlackRock Inc. now owns 18,418,766 shares of the financial services provider’s stock valued at $1,205,509,000 after buying an additional 17,809,394 shares during the last quarter. Neuberger Berman Group LLC increased its stake in shares of Lincoln National Corporation by 16.7% in the first quarter. Neuberger Berman Group LLC now owns 4,483,836 shares of the financial services provider’s stock valued at $293,467,000 after buying an additional 640,510 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Lincoln National Corporation by 40.2% in the first quarter. JPMorgan Chase & Co. now owns 2,679,809 shares of the financial services provider’s stock valued at $175,392,000 after buying an additional 768,184 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Lincoln National Corporation by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,479,344 shares of the financial services provider’s stock valued at $162,267,000 after buying an additional 8,928 shares during the last quarter. 80.14% of the stock is owned by hedge funds and other institutional investors.

In other Lincoln National Corporation news, Director Michael F. Mee sold 30,173 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $68.32, for a total value of $2,061,419.36. Following the completion of the sale, the director now owns 6,336 shares of the company’s stock, valued at $432,875.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Isaiah Tidwell sold 13,946 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $65.04, for a total transaction of $907,047.84. The disclosure for this sale can be found here. Insiders sold 57,693 shares of company stock valued at $3,899,915 in the last ninety days. Insiders own 1.41% of the company’s stock.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.56%. The ex-dividend date was Thursday, July 6th. Lincoln National Corporation’s payout ratio is presently 17.79%.

About Lincoln National Corporation

Lincoln National Corporation is a holding company, which operates insurance and retirement businesses through subsidiary companies. The Company sells a range of wealth protection, accumulation and retirement income products and solutions, through its business segments. The Company operates through four segments: Annuities segment, which offers fixed (including indexed) and variable annuities; Retirement Plan Services segment, which provides employers with retirement plan products and services; Life Insurance segment, which focuses on the creation and protection of wealth through life insurance products, and Group Protection, which offers principally group non-medical insurance products.

Earnings History and Estimates for Lincoln National Corporation (NYSE:LNC)

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