Lincoln National Corporation (NYSE:LNC) had its price target upped by stock analysts at Morgan Stanley from $77.00 to $79.00 in a note issued to investors on Thursday. The brokerage currently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s target price points to a potential upside of 4.25% from the company’s current price.

LNC has been the topic of a number of other reports. Zacks Investment Research upgraded shares of 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. Royal Bank Of Canada boosted their target price on shares of Lincoln National Corporation from $77.00 to $83.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Goldman Sachs Group, Inc. (The) began coverage on shares of Lincoln National Corporation in a research note on Wednesday, October 18th. They issued a “sell” rating and a $71.00 target price on the stock. Finally, BidaskClub cut shares of Lincoln National Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. Lincoln National Corporation has a consensus rating of “Hold” and a consensus target price of $76.70.

Lincoln National Corporation (NYSE:LNC) last released its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.19. The business had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $3.62 billion. Lincoln National Corporation had a net margin of 10.85% and a return on equity of 10.99%. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.89 earnings per share.

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A number of institutional investors have recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund increased its holdings in Lincoln National Corporation by 60.5% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 92,159 shares of the financial services provider’s stock worth $6,772,000 after acquiring an additional 34,732 shares during the period. Prudential Financial Inc. increased its holdings in Lincoln National Corporation by 7.3% during the 3rd quarter. Prudential Financial Inc. now owns 1,031,558 shares of the financial services provider’s stock worth $75,798,000 after acquiring an additional 70,480 shares during the period. Bank of the Ozarks increased its holdings in Lincoln National Corporation by 5.7% during the 3rd quarter. Bank of the Ozarks now owns 28,449 shares of the financial services provider’s stock worth $2,090,000 after acquiring an additional 1,529 shares during the period. State of Wisconsin Investment Board increased its holdings in Lincoln National Corporation by 7.3% during the 3rd quarter. State of Wisconsin Investment Board now owns 299,244 shares of the financial services provider’s stock worth $21,988,000 after acquiring an additional 20,239 shares during the period. Finally, Chicago Equity Partners LLC increased its holdings in Lincoln National Corporation by 141.2% during the 3rd quarter. Chicago Equity Partners LLC now owns 66,985 shares of the financial services provider’s stock worth $4,922,000 after acquiring an additional 39,210 shares during the period. 80.15% of the stock is currently owned by institutional investors and hedge funds.

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)

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