Shares of Lincoln National Co. (NYSE:LNC) have been given an average rating of “Hold” by the thirteen ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $78.88.

A number of research firms have recently issued reports on LNC. Royal Bank of Canada restated a “buy” rating and set a $83.00 price objective on shares of Lincoln National in a research report on Tuesday, October 10th. Zacks Investment Research upgraded Lincoln National from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a research report on Wednesday, September 6th. BidaskClub cut Lincoln National from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Citigroup restated a “buy” rating and set a $83.00 price objective (up from $82.00) on shares of Lincoln National in a research report on Thursday, September 14th. Finally, B. Riley reaffirmed a “neutral” rating on shares of Lincoln National in a research note on Monday, November 6th.

Shares of Lincoln National (LNC) opened at $76.19 on Friday. The stock has a market capitalization of $16,565.38, a P/E ratio of 10.00, a PEG ratio of 1.14 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. Lincoln National has a 1 year low of $61.45 and a 1 year high of $78.74.

Lincoln National (NYSE:LNC) last released its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 had a return on equity of 11.16% and a net margin of 10.50%. Lincoln National’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the business posted $1.89 earnings per share. analysts predict that Lincoln National will post 7.7 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be paid a $0.33 dividend. This is a positive change from Lincoln National’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.32 annualized dividend and a yield of 1.73%. Lincoln National’s payout ratio is currently 18.15%.

A number of hedge funds have recently made changes to their positions in the stock. Sun Life Financial INC boosted its stake in Lincoln National by 20,600.0% in the second quarter. Sun Life Financial INC now owns 1,656 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 1,648 shares in the last quarter. D.A. Davidson & CO. boosted its stake in Lincoln National by 8.6% in the second quarter. D.A. Davidson & CO. now owns 1,726 shares of the financial services provider’s stock worth $116,000 after purchasing an additional 136 shares in the last quarter. Valeo Financial Advisors LLC acquired a new position in Lincoln National in the third quarter worth $171,000. Homrich & Berg acquired a new position in Lincoln National in the second quarter worth $204,000. Finally, Institute for Wealth Management LLC. acquired a new position in Lincoln National in the second quarter worth $227,000. 80.44% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Lincoln National (NYSE:LNC)

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