Lincoln National Co. (NYSE:LNC) – Equities research analysts at B. Riley reduced their FY2019 EPS estimates for shares of Lincoln National in a research report issued on Monday, February 11th. B. Riley analyst R. Binner now anticipates that the financial services provider will post earnings of $9.20 per share for the year, down from their prior estimate of $9.35. B. Riley also issued estimates for Lincoln National’s FY2020 earnings at $10.10 EPS.
LNC has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Lincoln National from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Thursday, November 15th. Wells Fargo & Co began coverage on shares of Lincoln National in a research note on Tuesday, January 8th. They set a “market perform” rating and a $63.00 price objective on the stock. Keefe, Bruyette & Woods upgraded shares of Lincoln National from a “market perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Monday, November 5th. Morgan Stanley cut their price objective on shares of Lincoln National from $76.00 to $74.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 13th. Finally, ValuEngine cut shares of Lincoln National from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 24th. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. Lincoln National currently has an average rating of “Hold” and a consensus target price of $74.69.
Shares of NYSE LNC opened at $59.18 on Tuesday. Lincoln National has a fifty-two week low of $48.07 and a fifty-two week high of $79.83. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.41. The stock has a market cap of $12.46 billion, a P/E ratio of 6.98 and a beta of 1.90.
Lincoln National (NYSE:LNC) last issued its quarterly earnings data on Wednesday, February 6th. The financial services provider reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.13 by $0.02. Lincoln National had a net margin of 9.92% and a return on equity of 12.41%. The business had revenue of $4.39 billion for the quarter, compared to analysts’ expectations of $4.22 billion. During the same period in the previous year, the business earned $1.98 earnings per share. The company’s revenue was up 16.4% on a year-over-year basis.
In other Lincoln National news, EVP Jamie Ohl sold 2,152 shares of the business’s stock in a transaction dated Thursday, December 6th. The shares were sold at an average price of $58.00, for a total value of $124,816.00. Following the sale, the executive vice president now directly owns 12,732 shares in the company, valued at $738,456. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.31% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the business. Proficio Capital Partners LLC increased its stake in Lincoln National by 169.6% in the 4th quarter. Proficio Capital Partners LLC now owns 585 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 368 shares in the last quarter. Flagship Harbor Advisors LLC increased its stake in Lincoln National by 718.5% in the 4th quarter. Flagship Harbor Advisors LLC now owns 753 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 661 shares in the last quarter. Lindbrook Capital LLC purchased a new position in Lincoln National in the 4th quarter worth about $44,000. Arlington Partners LLC purchased a new position in Lincoln National in the 4th quarter worth about $47,000. Finally, Laurel Wealth Advisors LLC purchased a new position in Lincoln National in the 4th quarter worth about $64,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.
Lincoln National Company Profile
Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The company sells a range of wealth protection, accumulation, and retirement income products and solutions.
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