Analysts Set Lincoln National Co. (NYSE:LNC) Target Price at $35.91

Shares of Lincoln National Co. (NYSE:LNC) have received a consensus rating of “Hold” from the eleven analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $36.27.

Several brokerages have recently issued reports on LNC. Piper Sandler decreased their target price on Lincoln National from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday. Wells Fargo & Company lowered their price objective on Lincoln National from $36.00 to $31.00 and set an “equal weight” rating for the company in a research report on Thursday, April 10th. Keefe, Bruyette & Woods dropped their target price on shares of Lincoln National from $40.00 to $38.00 and set a “market perform” rating on the stock in a report on Wednesday, April 9th. Morgan Stanley decreased their price target on shares of Lincoln National from $42.00 to $32.00 and set an “equal weight” rating for the company in a research note on Thursday, April 10th. Finally, Evercore ISI upped their price objective on shares of Lincoln National from $41.00 to $44.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th.

Lincoln National Price Performance

Shares of Lincoln National stock opened at $33.34 on Thursday. The company has a market cap of $5.69 billion, a PE ratio of 1.81, a P/E/G ratio of 0.30 and a beta of 1.42. The business has a 50 day moving average of $33.39 and a 200 day moving average of $34.02. Lincoln National has a 52 week low of $27.58 and a 52 week high of $39.85. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.80.

Lincoln National (NYSE:LNC) last announced its earnings results on Thursday, May 8th. The financial services provider reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.06. Lincoln National had a net margin of 17.76% and a return on equity of 18.47%. The firm had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.71 billion. During the same quarter in the previous year, the firm posted $0.41 EPS. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. As a group, equities research analysts forecast that Lincoln National will post 7.69 earnings per share for the current year.

Lincoln National Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, April 10th. This represents a $1.80 annualized dividend and a dividend yield of 5.40%. Lincoln National’s dividend payout ratio (DPR) is presently 9.79%.

Hedge Funds Weigh In On Lincoln National

A number of hedge funds have recently bought and sold shares of LNC. Norges Bank bought a new position in shares of Lincoln National during the 4th quarter valued at approximately $76,951,000. Hennessy Advisors Inc. bought a new position in shares of Lincoln National in the fourth quarter worth approximately $54,189,000. Balyasny Asset Management L.P. increased its stake in shares of Lincoln National by 301.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,522,195 shares of the financial services provider’s stock worth $48,269,000 after purchasing an additional 1,142,759 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Lincoln National by 84.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,543,624 shares of the financial services provider’s stock valued at $48,948,000 after purchasing an additional 708,584 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of Lincoln National by 1,818.4% during the 1st quarter. SG Americas Securities LLC now owns 661,972 shares of the financial services provider’s stock valued at $23,771,000 after buying an additional 627,466 shares in the last quarter. Hedge funds and other institutional investors own 72.81% of the company’s stock.

About Lincoln National

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.