Lincoln National Corporation (LNC) Receives Consensus Recommendation of “Hold” from Brokerages
Lincoln National Corporation (NYSE:LNC) has received a consensus rating of “Hold” from the twelve analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $76.13.
Several research firms have issued reports on LNC. Barclays PLC boosted their price objective on Lincoln National Corporation from $84.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, August 11th. Goldman Sachs Group, Inc. (The) began coverage on Lincoln National Corporation in a report on Wednesday, October 18th. They set a “sell” rating and a $71.00 price objective on the stock. Wells Fargo & Company restated a “hold” rating on shares of Lincoln National Corporation in a report on Wednesday, August 2nd. Zacks Investment Research upgraded Lincoln National Corporation from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a report on Tuesday, August 8th. Finally, Royal Bank Of Canada boosted their price objective on Lincoln National Corporation from $77.00 to $83.00 and gave the stock an “outperform” rating in a report on Friday, August 4th.
Shares of Lincoln National Corporation (NYSE:LNC) opened at 76.99 on Friday. The stock has a market capitalization of $17.05 billion, a P/E ratio of 11.73 and a beta of 1.99. The stock’s 50 day moving average is $72.78 and its 200-day moving average is $69.33. Lincoln National Corporation has a one year low of $47.90 and a one year high of $77.36.
Lincoln National Corporation (NYSE:LNC) last posted its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.73 by $0.12. The firm had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.56 billion. Lincoln National Corporation had a return on equity of 10.99% and a net margin of 10.85%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.56 EPS. On average, equities research analysts expect that Lincoln National Corporation will post $7.49 EPS for the current year.
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 issued a $0.29 dividend. The ex-dividend date is Friday, October 6th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.51%. Lincoln National Corporation’s dividend payout ratio is 17.79%.
COPYRIGHT VIOLATION WARNING: “Lincoln National Corporation (LNC) Receives Consensus Recommendation of “Hold” from Brokerages” was first posted by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international trademark & copyright law. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2017/10/27/lincoln-national-corporation-lnc-receives-consensus-recommendation-of-hold-from-brokerages.html.
A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Lincoln National Corporation by 3.3% in the second quarter. Vanguard Group Inc. now owns 23,649,087 shares of the financial services provider’s stock worth $1,598,205,000 after buying an additional 764,714 shares during the last quarter. BlackRock Inc. increased its holdings in Lincoln National Corporation by 1.9% in the second quarter. BlackRock Inc. now owns 18,774,399 shares of the financial services provider’s stock worth $1,268,774,000 after buying an additional 355,633 shares during the last quarter. FMR LLC increased its holdings in Lincoln National Corporation by 1.3% in the second quarter. FMR LLC now owns 7,470,115 shares of the financial services provider’s stock worth $504,830,000 after buying an additional 95,605 shares during the last quarter. LSV Asset Management increased its holdings in Lincoln National Corporation by 3.8% in the second quarter. LSV Asset Management now owns 5,157,271 shares of the financial services provider’s stock worth $348,528,000 after buying an additional 187,800 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in 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 buying an additional 857,436 shares during the last quarter. Hedge funds and other institutional investors own 80.00% of the company’s stock.
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.
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.