Barclays Issues Pessimistic Forecast for Lincoln National (NYSE:LNC) Stock Price

Lincoln National (NYSE:LNC) had its target price reduced by stock analysts at Barclays from $38.00 to $36.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s target price indicates a potential upside of 11.01% from the stock’s previous close.

Several other brokerages have also weighed in on LNC. Piper Sandler decreased their target price on shares of Lincoln National from $37.00 to $34.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 2nd. StockNews.com raised Lincoln National from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. TD Cowen increased their price target on shares of Lincoln National from $34.00 to $37.00 and gave the company a “hold” rating in a research note on Wednesday, November 27th. Finally, Wells Fargo & Company upped their target price on shares of Lincoln National from $28.00 to $29.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $33.25.

Lincoln National Stock Performance

Shares of Lincoln National stock traded up $0.06 on Monday, reaching $32.43. The stock had a trading volume of 418,530 shares, compared to its average volume of 1,022,641. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.27 and a current ratio of 0.27. Lincoln National has a fifty-two week low of $25.09 and a fifty-two week high of $36.98. The business’s 50-day moving average price is $33.67 and its two-hundred day moving average price is $32.23. The stock has a market cap of $5.52 billion, a P/E ratio of 23.16, a price-to-earnings-growth ratio of 0.29 and a beta of 1.78.

Lincoln National (NYSE:LNC) last released its earnings results on Thursday, October 31st. The financial services provider reported $2.06 EPS for the quarter, beating the consensus estimate of $1.64 by $0.42. Lincoln National had a net margin of 2.51% and a return on equity of 18.15%. The firm had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.61 billion. During the same period in the prior year, the company earned $0.23 EPS. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. On average, sell-side analysts forecast that Lincoln National will post 7.03 EPS for the current year.

Insider Buying and Selling

In related news, EVP John Christopher Kennedy sold 2,863 shares of Lincoln National stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $36.00, for a total value of $103,068.00. Following the sale, the executive vice president now owns 99,644 shares of the company’s stock, valued at approximately $3,587,184. This trade represents a 2.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.54% of the stock is currently owned by company insiders.

Institutional Trading of Lincoln National

Hedge funds and other institutional investors have recently made changes to their positions in the business. OLD National Bancorp IN increased its stake in Lincoln National by 4.0% in the 3rd quarter. OLD National Bancorp IN now owns 8,415 shares of the financial services provider’s stock valued at $265,000 after buying an additional 325 shares during the last quarter. Versant Capital Management Inc raised its holdings in Lincoln National by 20.2% during the fourth quarter. Versant Capital Management Inc now owns 2,104 shares of the financial services provider’s stock worth $67,000 after acquiring an additional 354 shares in the last quarter. Brookstone Capital Management boosted its position in Lincoln National by 6.2% during the third quarter. Brookstone Capital Management now owns 6,808 shares of the financial services provider’s stock valued at $215,000 after purchasing an additional 397 shares during the last quarter. Hexagon Capital Partners LLC increased its position in shares of Lincoln National by 13.3% during the 3rd quarter. Hexagon Capital Partners LLC now owns 3,502 shares of the financial services provider’s stock worth $110,000 after purchasing an additional 411 shares during the last quarter. Finally, National Bank of Canada FI raised its stake in shares of Lincoln National by 1.0% during the 2nd quarter. National Bank of Canada FI now owns 45,854 shares of the financial services provider’s stock worth $1,435,000 after purchasing an additional 468 shares in the last quarter. 72.81% of the stock is currently owned by institutional investors and hedge funds.

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.