Lincoln National Co. (NYSE:LNC) – Langen Mcalenn upped their Q4 2017 earnings per share (EPS) estimates for Lincoln National in a research report issued on Tuesday. Langen Mcalenn analyst R. Glasspiegel now expects that the financial services provider will earn $2.01 per share for the quarter, up from their previous forecast of $1.96. Langen Mcalenn also issued estimates for Lincoln National’s FY2018 earnings at $8.80 EPS.
Several other analysts have also weighed in on the company. Barclays reissued a “buy” rating and set a $90.00 price objective on shares of Lincoln National in a report on Tuesday, January 9th. Zacks Investment Research upgraded Lincoln National from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a research report on Monday, January 8th. Deutsche Bank initiated coverage on Lincoln National in a research report on Tuesday, January 2nd. They set a “buy” rating and a $84.00 target price for the company. JPMorgan Chase & Co. upgraded Lincoln National from a “neutral” rating to an “overweight” rating and set a $87.00 target price for the company in a research report on Tuesday, January 2nd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $89.00 target price on shares of Lincoln National in a research report on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. Lincoln National has a consensus rating of “Buy” and a consensus target price of $83.27.
Lincoln National (NYSE:LNC) last announced its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $2.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 last year, the firm earned $1.89 EPS. Lincoln National’s revenue for the quarter was down .4% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be paid a $0.33 dividend. This is a boost from Lincoln National’s previous quarterly dividend of $0.29. This represents a $1.32 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Tuesday, January 9th. Lincoln National’s dividend payout ratio (DPR) is 20.66%.
Several institutional investors have recently made changes to their positions in LNC. Janus Henderson Group PLC grew its stake in shares of Lincoln National by 3,936.0% during the second quarter. Janus Henderson Group PLC now owns 1,196,540 shares of the financial services provider’s stock worth $80,862,000 after purchasing an additional 1,166,893 shares during the period. Vanguard Group Inc. grew its stake in shares of Lincoln National by 3.3% during the second 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. Parametric Portfolio Associates LLC grew its stake in shares of Lincoln National by 90.5% during the second quarter. Parametric Portfolio Associates LLC now owns 1,117,085 shares of the financial services provider’s stock worth $75,493,000 after purchasing an additional 530,618 shares during the period. Sit Investment Associates Inc. grew its stake in shares of Lincoln National by 473,333.3% during the third quarter. Sit Investment Associates Inc. now owns 269,857 shares of the financial services provider’s stock worth $19,829,000 after purchasing an additional 269,800 shares during the period. Finally, Teachers Retirement System of The State of Kentucky grew its stake in shares of Lincoln National by 84.2% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 544,208 shares of the financial services provider’s stock worth $36,777,000 after purchasing an additional 248,800 shares during the period. 80.35% of the stock is 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.
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