Lincoln National Co. (NYSE:LNC) Receives $31.18 Consensus Target Price from Brokerages

Lincoln National Co. (NYSE:LNC) has been assigned a consensus recommendation of “Hold” from the ten brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $32.50.

LNC has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their price target on Lincoln National from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday, May 10th. JPMorgan Chase & Co. boosted their price target on Lincoln National from $28.00 to $34.00 and gave the stock an “underweight” rating in a report on Tuesday, July 2nd. Bank of America reduced their target price on shares of Lincoln National from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, July 11th. Piper Sandler lifted their target price on shares of Lincoln National from $30.00 to $34.00 and gave the stock a “neutral” rating in a research note on Friday, June 28th. Finally, StockNews.com raised shares of Lincoln National from a “sell” rating to a “hold” rating in a research note on Monday, April 15th.

Lincoln National Price Performance

Shares of NYSE LNC opened at $29.59 on Tuesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.26 and a current ratio of 0.27. Lincoln National has a one year low of $20.85 and a one year high of $36.46. The firm has a market capitalization of $5.03 billion, a P/E ratio of 4.05, a PEG ratio of 0.29 and a beta of 1.84. The company’s fifty day moving average is $31.68 and its two-hundred day moving average is $29.71.

Lincoln National (NYSE:LNC) last released its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.07. The business had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $4.65 billion. Lincoln National had a return on equity of 17.13% and a net margin of 12.24%. During the same quarter in the prior year, the firm posted $2.02 EPS. Analysts forecast that Lincoln National will post 5.83 EPS for the current fiscal year.

Lincoln National Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.08%. The ex-dividend date of this dividend was Wednesday, July 10th. Lincoln National’s dividend payout ratio is presently 24.62%.

Insider Buying and Selling

In other Lincoln National news, EVP Sean Woodroffe sold 55,127 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $32.57, for a total value of $1,795,486.39. Following the transaction, the executive vice president now directly owns 198,255 shares of the company’s stock, valued at $6,457,165.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lincoln National

Large investors have recently modified their holdings of the stock. Edgestream Partners L.P. boosted its holdings in Lincoln National by 139.2% in the 2nd quarter. Edgestream Partners L.P. now owns 136,781 shares of the financial services provider’s stock worth $4,254,000 after acquiring an additional 79,598 shares during the period. Quantbot Technologies LP boosted its stake in shares of Lincoln National by 46.4% in the second quarter. Quantbot Technologies LP now owns 198,557 shares of the financial services provider’s stock valued at $6,175,000 after purchasing an additional 62,929 shares during the period. Dimensional Fund Advisors LP grew its holdings in Lincoln National by 14.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,828,513 shares of the financial services provider’s stock valued at $87,970,000 after purchasing an additional 348,601 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in Lincoln National during the 2nd quarter worth $142,148,000. Finally, Envestnet Asset Management Inc. lifted its holdings in Lincoln National by 15.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 89,928 shares of the financial services provider’s stock worth $2,797,000 after buying an additional 12,339 shares in the last quarter. Institutional investors and hedge funds 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.