B. Riley Analysts Raise Earnings Estimates for Lincoln National Co. (LNC)
Lincoln National Co. (NYSE:LNC) – B. Riley boosted their FY2017 earnings per share (EPS) estimates for Lincoln National in a report released on Monday. B. Riley analyst R. Binner now forecasts that the financial services provider will earn $7.65 per share for the year, up from their previous forecast of $7.60. B. Riley currently has a “Neutral” rating on the stock. B. Riley also issued estimates for Lincoln National’s Q4 2017 earnings at $1.85 EPS.
A number of other brokerages also recently issued reports on LNC. Morgan Stanley upped their price objective on shares of Lincoln National from $77.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 2nd. Goldman Sachs Group began coverage on shares of Lincoln National in a research report on Wednesday, October 18th. They issued a “sell” rating and a $71.00 price objective for the company. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $83.00 price objective on shares of Lincoln National in a research report on Tuesday, October 10th. ValuEngine downgraded shares of Lincoln National from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 9th. Finally, Wells Fargo & Company set a $80.00 price objective on shares of Lincoln National and gave the stock a “hold” rating in a research report on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $78.40.
Lincoln National (NYSE:LNC) last issued its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.84 by $0.19. Lincoln National had a net margin of 10.50% and a return on equity of 11.16%. The business had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.62 billion. During the same period in the prior year, the firm posted $1.89 EPS. The firm’s quarterly revenue was down .4% compared to the same quarter last year.
Institutional investors have recently added to or reduced their stakes in the company. Sun Life Financial INC grew its position in shares of Lincoln National by 20,600.0% during the 2nd quarter. Sun Life Financial INC now owns 1,656 shares of the financial services provider’s stock valued at $112,000 after acquiring an additional 1,648 shares during the period. D.A. Davidson & CO. grew its position in shares of Lincoln National by 8.6% during the 2nd quarter. D.A. Davidson & CO. now owns 1,726 shares of the financial services provider’s stock valued at $116,000 after acquiring an additional 136 shares during the period. Valeo Financial Advisors LLC bought a new position in shares of Lincoln National during the 3rd quarter valued at approximately $171,000. Stratos Wealth Partners LTD. bought a new position in shares of Lincoln National during the 2nd quarter valued at approximately $200,000. Finally, Homrich & Berg bought a new position in shares of Lincoln National during the 2nd quarter valued at approximately $204,000. 80.44% of the stock is owned by hedge funds and other institutional investors.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be given a dividend of $0.33 per share. This is an increase from Lincoln National’s previous quarterly dividend of $0.29. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Tuesday, January 9th. Lincoln National’s dividend payout ratio is currently 18.15%.
Lincoln National 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.
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