Lincoln National Co. Forecasted to Post FY2018 Earnings of $7.80 Per Share (LNC)
Lincoln National Co. (NYSE:LNC) – Investment analysts at B. Riley upped their FY2018 earnings per share estimates for shares of Lincoln National in a research report issued on Monday. B. Riley analyst R. Binner now forecasts that the financial services provider will post earnings of $7.80 per share for the year, up from their prior estimate of $7.65. B. Riley has a “Neutral” rating on the stock. B. Riley also issued estimates for Lincoln National’s FY2019 earnings at $8.30 EPS.
Lincoln National (NYSE:LNC) last issued its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.19. Lincoln National had a return on equity of 11.16% and a net margin of 10.50%. The company had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.62 billion. During the same quarter in the prior year, the company posted $1.89 EPS. The business’s revenue for the quarter was down .4% compared to the same quarter last year.
Shares of Lincoln National (NYSE:LNC) traded up $0.99 during trading on Tuesday, hitting $77.50. The company’s stock had a trading volume of 1,213,400 shares, compared to its average volume of 1,479,474. Lincoln National has a one year low of $61.45 and a one year high of $78.44. The stock has a market cap of $16,960.00, a price-to-earnings ratio of 10.11, a PEG ratio of 1.16 and a beta of 2.01. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.30.
Institutional investors and hedge funds have recently modified their holdings of the stock. Savant Capital LLC raised its position in Lincoln National by 0.4% in the second quarter. Savant Capital LLC now owns 6,847 shares of the financial services provider’s stock valued at $463,000 after purchasing an additional 30 shares during the period. Krilogy Financial LLC raised its position in Lincoln National by 1.2% in the second quarter. Krilogy Financial LLC now owns 3,460 shares of the financial services provider’s stock valued at $234,000 after purchasing an additional 40 shares during the period. Intrust Bank NA raised its position in Lincoln National by 0.7% in the second quarter. Intrust Bank NA now owns 10,550 shares of the financial services provider’s stock valued at $713,000 after purchasing an additional 71 shares during the period. Conning Inc. raised its position in Lincoln National by 1.8% in the second quarter. Conning Inc. now owns 5,746 shares of the financial services provider’s stock valued at $388,000 after purchasing an additional 99 shares during the period. Finally, First National Trust Co. raised its position in Lincoln National by 2.5% in the second quarter. First National Trust Co. now owns 4,290 shares of the financial services provider’s stock valued at $290,000 after purchasing an additional 106 shares during the period. 80.44% of the stock is currently owned by institutional investors and hedge funds.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be given a $0.33 dividend. This is a positive change from Lincoln National’s previous quarterly dividend of $0.29. This represents a $1.32 annualized dividend and a dividend yield of 1.70%. The ex-dividend date is Tuesday, January 9th. Lincoln National’s dividend payout ratio (DPR) is 18.10%.
About Lincoln National
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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