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%.

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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.

Analyst Recommendations for Lincoln National Corporation (NYSE:LNC)

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