Lincoln National Corporation (NYSE:LNC) has been given a consensus rating of “Hold” by the twelve research firms that are covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $73.33.

Several research analysts recently commented on LNC shares. Zacks Investment Research upgraded shares of Lincoln National Corporation from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Monday, June 5th. Wells Fargo & Company reiterated a “hold” rating on shares of Lincoln National Corporation in a research note on Thursday, June 8th. BidaskClub upgraded shares of Lincoln National Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Lincoln National Corporation in a research note on Monday, June 26th. Finally, Bank of America Corporation set a $78.00 price objective on shares of Lincoln National Corporation in a research note on Tuesday, July 4th.

COPYRIGHT VIOLATION NOTICE: “Lincoln National Corporation (LNC) Receives Average Recommendation of “Hold” from Brokerages” was originally reported by American Banking News and is the property of of American Banking News. If you are accessing this piece on another website, it was illegally copied and republished in violation of international copyright & trademark laws. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/09/09/lincoln-national-corporation-lnc-receives-average-recommendation-of-hold-from-brokerages.html.

Shares of Lincoln National Corporation (LNC) traded up 0.89% during midday trading on Wednesday, hitting $65.80. 1,375,918 shares of the company traded hands. The company has a 50-day moving average price of $70.27 and a 200-day moving average price of $67.98. Lincoln National Corporation has a 52 week low of $44.74 and a 52 week high of $75.78. The stock has a market capitalization of $14.57 billion, a P/E ratio of 10.02 and a beta of 1.98.

Lincoln National Corporation (NYSE:LNC) last posted its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.85 EPS for the quarter, topping the consensus estimate of $1.73 by $0.12. The firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.56 billion. Lincoln National Corporation had a net margin of 10.85% and a return on equity of 10.99%. Lincoln National Corporation’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.56 EPS. Analysts anticipate that Lincoln National Corporation will post $7.47 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, October 6th. This represents a $1.16 dividend on an annualized basis and a yield of 1.76%. Lincoln National Corporation’s payout ratio is 17.79%.

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. increased its stake in Lincoln National Corporation by 32.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,537,245 shares of the financial services provider’s stock valued at $239,047,000 after purchasing an additional 857,436 shares in the last quarter. Todd Asset Management LLC increased its stake in shares of Lincoln National Corporation by 57.5% in the second quarter. Todd Asset Management LLC now owns 705,233 shares of the financial services provider’s stock worth $47,659,000 after acquiring an additional 257,581 shares during the period. CWM LLC acquired a new stake in shares of Lincoln National Corporation in the second quarter worth $211,000. American Century Companies Inc. acquired a new stake in shares of Lincoln National Corporation in the first quarter worth $6,437,000. Finally, Henderson Group PLC increased its stake in shares of Lincoln National Corporation by 2.1% in the first quarter. Henderson Group PLC now owns 29,647 shares of the financial services provider’s stock worth $1,940,000 after acquiring an additional 600 shares during the period. Institutional investors and hedge funds own 79.87% of the company’s stock.

Lincoln National Corporation Company Profile

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.

Analyst Recommendations for Lincoln National Corporation (NYSE:LNC)

Receive News & Ratings for Lincoln National Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lincoln National Corporation and related companies with MarketBeat.com's FREE daily email newsletter.