Lincoln National Co. (NYSE:LNC) Receives Average Rating of “Reduce” from Analysts

Shares of Lincoln National Co. (NYSE:LNCGet Free Report) have been assigned an average rating of “Reduce” from the eleven research firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $26.90.

A number of analysts have recently issued reports on LNC shares. Jefferies Financial Group raised Lincoln National from an “underperform” rating to a “hold” rating in a research report on Monday, February 12th. Evercore ISI raised their price target on shares of Lincoln National from $32.00 to $33.00 and gave the stock an “in-line” rating in a research report on Thursday, March 21st. JPMorgan Chase & Co. upped their price target on shares of Lincoln National from $26.00 to $29.00 and gave the company an “underweight” rating in a report on Tuesday. UBS Group raised their price objective on shares of Lincoln National from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, January 10th. Finally, StockNews.com cut shares of Lincoln National from a “hold” rating to a “sell” rating in a research report on Thursday, March 28th.

Read Our Latest Stock Analysis on LNC

Lincoln National Stock Performance

Lincoln National stock opened at $31.08 on Wednesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.26 and a current ratio of 0.26. Lincoln National has a one year low of $18.50 and a one year high of $32.43. The stock’s 50 day moving average price is $27.87 and its 200 day moving average price is $25.89. The firm has a market capitalization of $5.27 billion, a PE ratio of -6.23, a price-to-earnings-growth ratio of 0.20 and a beta of 1.81.

Lincoln National (NYSE:LNCGet Free Report) last announced its earnings results on Thursday, February 8th. The financial services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.13. Lincoln National had a negative net margin of 6.46% and a positive return on equity of 20.81%. The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $4.44 billion. As a group, sell-side analysts expect that Lincoln National will post 6.57 EPS for the current fiscal year.

Lincoln National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be paid a dividend of $0.45 per share. The ex-dividend date is Tuesday, April 9th. This represents a $1.80 dividend on an annualized basis and a yield of 5.79%. Lincoln National’s payout ratio is currently -36.07%.

Insider Buying and Selling at Lincoln National

In other news, Director Owen Ryan purchased 10,000 shares of the stock in a transaction dated Friday, February 9th. The stock was acquired at an average price of $25.90 per share, for a total transaction of $259,000.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at $259,000. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 1.75% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Lincoln National

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. lifted its holdings in Lincoln National by 11.6% in the first quarter. American Century Companies Inc. now owns 17,600 shares of the financial services provider’s stock worth $1,151,000 after purchasing an additional 1,835 shares during the period. Private Advisor Group LLC boosted its holdings in shares of Lincoln National by 4.2% in the first quarter. Private Advisor Group LLC now owns 6,980 shares of the financial services provider’s stock valued at $456,000 after acquiring an additional 284 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Lincoln National by 2,066.8% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 17,768 shares of the financial services provider’s stock valued at $1,161,000 after acquiring an additional 16,948 shares during the period. MetLife Investment Management LLC raised its holdings in Lincoln National by 24.7% during the first quarter. MetLife Investment Management LLC now owns 46,808 shares of the financial services provider’s stock worth $3,059,000 after purchasing an additional 9,279 shares in the last quarter. Finally, Panagora Asset Management Inc. lifted its position in Lincoln National by 107.8% in the first quarter. Panagora Asset Management Inc. now owns 10,455 shares of the financial services provider’s stock worth $683,000 after purchasing an additional 5,423 shares during the period. 72.81% of the stock is owned by institutional investors.

Lincoln National Company Profile

(Get Free Report

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates in four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders.

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Analyst Recommendations for Lincoln National (NYSE:LNC)

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