Royal Bank Of Canada Reiterates “Buy” Rating for Lincoln National (LNC)
Lincoln National (NYSE:LNC)‘s stock had its “buy” rating restated by Royal Bank Of Canada in a research note issued to investors on Friday. They presently have a $86.00 price objective on the financial services provider’s stock. Royal Bank Of Canada’s price target points to a potential upside of 10.84% from the company’s previous close.
Several other equities analysts have also commented on LNC. Barclays upped their price objective on shares of Lincoln National from $84.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, August 11th. ValuEngine lowered shares of Lincoln National from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 9th. BidaskClub lowered shares of Lincoln National from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 12th. Zacks Investment Research lowered shares of Lincoln National from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, Goldman Sachs Group started coverage on shares of Lincoln National in a report on Wednesday, October 18th. They set a “sell” rating and a $71.00 target price on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $78.70.
Shares of Lincoln National (NYSE:LNC) traded up $1.09 during mid-day trading on Friday, hitting $77.59. 1,231,100 shares of the stock traded hands, compared to its average volume of 1,477,094. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.11 and a current ratio of 0.11. Lincoln National has a 52-week low of $61.45 and a 52-week high of $78.44. The firm has a market cap of $17,060.00, a price-to-earnings ratio of 10.11, a P/E/G ratio of 1.15 and a beta of 2.01.
Large investors have recently made changes to their positions in the business. Sun Life Financial INC increased its position in shares of Lincoln National by 20,600.0% in the 2nd quarter. Sun Life Financial INC now owns 1,656 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 1,648 shares during the last quarter. D.A. Davidson & CO. increased its position in shares of Lincoln National by 8.6% in the 2nd quarter. D.A. Davidson & CO. now owns 1,726 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 136 shares during the last quarter. Valeo Financial Advisors LLC purchased a new stake in shares of Lincoln National in the 3rd quarter valued at approximately $171,000. Stratos Wealth Partners LTD. purchased a new stake in shares of Lincoln National in the 2nd quarter valued at approximately $200,000. Finally, Homrich & Berg purchased a new stake in shares of Lincoln National in the 2nd quarter valued at approximately $204,000. 80.44% of the stock is currently owned by institutional investors.
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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