Q3 2017 EPS Estimates for Lincoln National Corporation Lifted by Langen Mcalenn (LNC)
Lincoln National Corporation (NYSE:LNC) – Equities research analysts at Langen Mcalenn lifted their Q3 2017 EPS estimates for shares of Lincoln National Corporation in a report issued on Monday. Langen Mcalenn analyst R. Glasspiegel now expects that the financial services provider will post earnings per share of $1.91 for the quarter, up from their prior forecast of $1.88. Langen Mcalenn also issued estimates for Lincoln National Corporation’s FY2017 earnings at $7.65 EPS.
Lincoln National Corporation (NYSE:LNC) last announced 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 company had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.56 billion. Lincoln National Corporation had a net margin of 10.85% and a return on equity of 10.99%. The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.56 EPS.
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LNC has been the topic of several other reports. Zacks Investment Research raised Lincoln National Corporation from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a research note on Thursday, August 24th. Bank of America Corporation set a $78.00 target price on Lincoln National Corporation in a research note on Tuesday, July 4th. Royal Bank Of Canada boosted their target price on Lincoln National Corporation from $77.00 to $83.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Morgan Stanley boosted their target price on Lincoln National Corporation from $76.00 to $77.00 and gave the company an “equal weight” rating in a research note on Thursday, October 5th. Finally, BidaskClub cut Lincoln National Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $77.11.
Shares of Lincoln National Corporation (NYSE:LNC) opened at 75.33 on Wednesday. Lincoln National Corporation has a 12 month low of $47.36 and a 12 month high of $76.10. The firm has a market cap of $16.68 billion, a P/E ratio of 11.48 and a beta of 1.99. The stock’s 50 day moving average is $70.53 and its 200 day moving average is $68.52.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.16 annualized dividend and a dividend yield of 1.54%. Lincoln National Corporation’s dividend payout ratio (DPR) is presently 17.79%.
Several institutional investors and hedge funds have recently bought and sold shares of LNC. AXA purchased a new stake in Lincoln National Corporation in the first quarter worth $341,000. United Services Automobile Association grew its stake in Lincoln National Corporation by 3.8% in the first quarter. United Services Automobile Association now owns 77,406 shares of the financial services provider’s stock worth $5,066,000 after purchasing an additional 2,805 shares during the period. OppenheimerFunds Inc. grew its stake in Lincoln National Corporation by 0.4% in the first quarter. OppenheimerFunds Inc. now owns 501,025 shares of the financial services provider’s stock worth $32,793,000 after purchasing an additional 2,140 shares during the period. Principal Financial Group Inc. grew its stake in Lincoln National Corporation by 13.4% in the first quarter. Principal Financial Group Inc. now owns 541,512 shares of the financial services provider’s stock worth $35,442,000 after purchasing an additional 64,161 shares during the period. Finally, Wellington Management Group LLP grew its stake in Lincoln National Corporation by 203.4% in the first quarter. Wellington Management Group LLP now owns 745,661 shares of the financial services provider’s stock worth $48,803,000 after purchasing an additional 499,864 shares during the period. 79.85% of the stock is currently owned by hedge funds and other institutional investors.
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.
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