Lincoln National Co. Expected to Post FY2017 Earnings of $7.67 Per Share (LNC)
Lincoln National Co. (NYSE:LNC) – Equities researchers at B. Riley raised their FY2017 earnings estimates for Lincoln National in a report issued on Thursday. B. Riley analyst R. Binner now forecasts that the financial services provider will earn $7.67 per share for the year, up from their previous estimate of $7.65. B. Riley currently has a “Neutral” rating on the stock. B. Riley also issued estimates for Lincoln National’s Q4 2017 earnings at $1.88 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 (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.62 billion. During the same quarter last year, the business posted $1.89 EPS. Lincoln National’s quarterly revenue was down .4% compared to the same quarter last year.
Shares of Lincoln National (NYSE:LNC) opened at $78.93 on Friday. 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 one year low of $61.45 and a one year high of $79.58. The stock has a market cap of $16,970.22, a P/E ratio of 12.35, a PEG ratio of 1.12 and a beta of 2.01.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be issued 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 1.67%. The ex-dividend date of this dividend is Tuesday, January 9th. Lincoln National’s payout ratio is currently 18.15%.
Several hedge funds and other institutional investors have recently bought and sold shares of LNC. Vanguard Group Inc. raised its position in Lincoln National by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 23,649,087 shares of the financial services provider’s stock worth $1,598,205,000 after purchasing an additional 764,714 shares during the period. BlackRock Inc. raised its position in Lincoln National by 1.9% in the 2nd quarter. BlackRock Inc. now owns 18,774,399 shares of the financial services provider’s stock worth $1,268,774,000 after purchasing an additional 355,633 shares during the period. FMR LLC raised its position in Lincoln National by 1.3% in the 2nd quarter. FMR LLC now owns 7,470,115 shares of the financial services provider’s stock worth $504,830,000 after purchasing an additional 95,605 shares during the period. TIAA CREF Investment Management LLC raised its position in Lincoln National by 4.1% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 2,383,601 shares of the financial services provider’s stock worth $161,084,000 after purchasing an additional 94,488 shares during the period. Finally, Teachers Advisors LLC raised its position in Lincoln National by 3.5% in the 2nd quarter. Teachers Advisors LLC now owns 1,669,343 shares of the financial services provider’s stock worth $112,814,000 after purchasing an additional 56,992 shares during the period. 80.32% of the stock is 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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