Lincoln National Co. (LNC) Receives $74.55 Average Target Price from Brokerages

Shares of Lincoln National Co. (NYSE:LNC) have received an average recommendation of “Hold” from the fourteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $76.17.

A number of analysts recently weighed in on the company. UBS Group boosted their target price on Lincoln National from $67.00 to $69.00 and gave the stock a “neutral” rating in a research report on Thursday. JPMorgan Chase & Co. set a $92.00 target price on Lincoln National and gave the stock a “buy” rating in a research report on Thursday. ValuEngine upgraded Lincoln National from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 27th. Zacks Investment Research downgraded Lincoln National from a “hold” rating to a “sell” rating in a research report on Wednesday, January 23rd. Finally, Wells Fargo & Co assumed coverage on Lincoln National in a research report on Tuesday, January 8th. They issued a “market perform” rating and a $63.00 target price for the company.

In other Lincoln National news, EVP Jamie Ohl sold 7,263 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $61.70, for a total value of $448,127.10. Following the completion of the sale, the executive vice president now owns 23,159 shares in the company, valued at $1,428,910.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dennis R. Glass sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $60.49, for a total value of $604,900.00. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

A number of hedge funds have recently made changes to their positions in LNC. Gemmer Asset Management LLC increased its stake in shares of Lincoln National by 89.7% during the first quarter. Gemmer Asset Management LLC now owns 423 shares of the financial services provider’s stock valued at $25,000 after buying an additional 200 shares during the period. NuWave Investment Management LLC increased its stake in shares of Lincoln National by 603.1% during the first quarter. NuWave Investment Management LLC now owns 450 shares of the financial services provider’s stock valued at $26,000 after buying an additional 386 shares during the period. Proficio Capital Partners LLC increased its stake in shares of Lincoln National by 169.6% during the fourth quarter. Proficio Capital Partners LLC now owns 585 shares of the financial services provider’s stock valued at $30,000 after buying an additional 368 shares during the period. Horan Capital Advisors LLC. purchased a new position in shares of Lincoln National during the first quarter valued at approximately $34,000. Finally, Flagship Harbor Advisors LLC increased its stake in shares of Lincoln National by 718.5% during the fourth quarter. Flagship Harbor Advisors LLC now owns 753 shares of the financial services provider’s stock valued at $38,000 after buying an additional 661 shares during the period. Hedge funds and other institutional investors own 84.35% of the company’s stock.

NYSE:LNC opened at $66.36 on Tuesday. The company has a market capitalization of $13.51 billion, a P/E ratio of 7.83, a PEG ratio of 0.80 and a beta of 1.95. Lincoln National has a 1-year low of $48.07 and a 1-year high of $71.27. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.41.

Lincoln National (NYSE:LNC) last released its earnings results on Wednesday, May 1st. The financial services provider reported $2.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.08 by $0.06. The company had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.25 billion. Lincoln National had a return on equity of 12.41% and a net margin of 9.92%. Lincoln National’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.97 EPS. On average, equities analysts forecast that Lincoln National will post 9.23 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th were given a $0.37 dividend. The ex-dividend date was Tuesday, April 9th. This represents a $1.48 annualized dividend and a yield of 2.23%. Lincoln National’s payout ratio is currently 17.45%.

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 Annuities segment offers variable, fixed, and indexed variable annuities.

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Analyst Recommendations for Lincoln National (NYSE:LNC)

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