Lincoln National Corporation (NYSE:LNC) – Equities research analysts at FBR & Co raised their Q3 2017 earnings estimates for shares of Lincoln National Corporation in a report issued on Tuesday. FBR & Co analyst R. Binner now expects that the financial services provider will post earnings per share of $1.79 for the quarter, up from their prior estimate of $1.72. FBR & Co also issued estimates for Lincoln National Corporation’s FY2017 earnings at $7.40 EPS, FY2018 earnings at $7.60 EPS and FY2019 earnings at $8.20 EPS.

Lincoln National Corporation (NYSE:LNC) last released its earnings results on Wednesday, August 2nd. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $3.56 billion. During the same quarter in the prior year, the firm earned $1.56 EPS. The company’s revenue was up 8.2% compared to the same quarter last year.

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Several other research analysts have also recently weighed in on LNC. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Lincoln National Corporation in a report on Monday, June 26th. Bank of America Corporation set a $78.00 price target on shares of Lincoln National Corporation in a report on Tuesday, July 4th. Zacks Investment Research raised shares of Lincoln National Corporation from a “hold” rating to a “strong-buy” rating and set a $81.00 price objective on the stock in a research report on Tuesday, July 11th. BidaskClub lowered shares of Lincoln National Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, Wells Fargo & Company reissued a “hold” rating on shares of Lincoln National Corporation in a research report on Wednesday, August 2nd. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $77.11.

Shares of Lincoln National Corporation (NYSE:LNC) opened at 75.33 on Wednesday. Lincoln National Corporation has a 52-week low of $47.36 and a 52-week high of $76.10. The firm has a 50-day moving average of $70.53 and a 200-day moving average of $68.52. The stock has a market cap of $16.68 billion, a P/E ratio of 11.48 and a beta of 1.99.

Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in shares of Lincoln National Corporation by 32.0% in the second quarter. JPMorgan Chase & Co. now owns 3,537,245 shares of the financial services provider’s stock worth $239,047,000 after purchasing an additional 857,436 shares in the last quarter. Todd Asset Management LLC lifted its position 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 purchasing an additional 257,581 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of Lincoln National Corporation by 42.2% in the second quarter. Prudential Financial Inc. now owns 961,078 shares of the financial services provider’s stock worth $64,950,000 after purchasing an additional 285,168 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in shares of Lincoln National Corporation by 84.2% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 544,208 shares of the financial services provider’s stock worth $36,777,000 after purchasing an additional 248,800 shares in the last quarter. Finally, CWM LLC bought a new stake in shares of Lincoln National Corporation in the second quarter worth $211,000. 79.85% of the stock is currently owned by institutional investors and hedge funds.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Friday, October 6th. Lincoln National Corporation’s dividend 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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