Lincoln National (NYSE:LNC) Price Target Raised to $51.00 at Mizuho

Lincoln National (NYSE:LNC) had its price objective hoisted by Mizuho from $48.00 to $51.00 in a report issued on Thursday morning,Benzinga reports. They currently have an outperform rating on the financial services provider’s stock.

A number of other research analysts have also recently commented on LNC. Wells Fargo & Company upped their price objective on Lincoln National from $43.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Bank of America cut their target price on Lincoln National from $41.00 to $37.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. UBS Group lifted their target price on Lincoln National from $39.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday. Morgan Stanley decreased their price target on Lincoln National from $43.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. Finally, Barclays upgraded Lincoln National from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $42.00 to $45.00 in a report on Monday. Six equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $44.79.

Lincoln National Price Performance

Lincoln National stock opened at $39.46 on Thursday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.65. The company has a 50-day moving average price of $36.23 and a 200 day moving average price of $37.77. Lincoln National has a 12-month low of $32.18 and a 12-month high of $46.82. The stock has a market cap of $7.54 billion, a P/E ratio of 4.58, a PEG ratio of 2.48 and a beta of 1.17.

Lincoln National (NYSE:LNC) last posted its earnings results on Thursday, May 7th. The financial services provider reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.08. The company had revenue of $4.87 billion for the quarter, compared to analyst estimates of $4.93 billion. Lincoln National had a net margin of 9.17% and a return on equity of 18.07%. Lincoln National’s revenue was up 13.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.60 EPS. Sell-side analysts anticipate that Lincoln National will post 7.73 earnings per share for the current year.

Lincoln National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.6%. The ex-dividend date is Friday, July 10th. Lincoln National’s dividend payout ratio (DPR) is 20.88%.

Insider Transactions at Lincoln National

In other Lincoln National news, EVP Craigt T. Beazer sold 30,000 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $34.45, for a total transaction of $1,033,500.00. Following the transaction, the executive vice president directly owned 103,906 shares in the company, valued at $3,579,561.70. This represents a 22.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.03% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Lincoln National

Several hedge funds have recently bought and sold shares of LNC. JPL Wealth Management LLC purchased a new stake in Lincoln National during the third quarter worth about $29,000. V Square Quantitative Management LLC acquired a new stake in shares of Lincoln National during the fourth quarter worth about $31,000. Transamerica Financial Advisors LLC purchased a new position in shares of Lincoln National in the fourth quarter valued at approximately $32,000. NBT Bank N A NY boosted its stake in shares of Lincoln National by 2,051.1% in the first quarter. NBT Bank N A NY now owns 968 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 923 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Lincoln National in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 72.81% of the company’s stock.

Lincoln National Company Profile

Lincoln National Corporation, doing business as Lincoln Financial Group, is a diversified financial services holding company focused on providing retirement, insurance, and wealth management solutions in the United States and select international markets. Headquartered in Radnor, Pennsylvania, the company operates through several business segments, including Retirement Plan Services, Life Insurance, and Group Protection. Its offerings are designed to help individuals, families, and institutions plan and prepare for their financial futures.

The Retirement Plan Services segment delivers recordkeeping, administrative services, and investment management for defined contribution and defined benefit plans.