Lincoln National Co. (NYSE:LNC) Receives $33.25 Consensus Target Price from Brokerages

Shares of Lincoln National Co. (NYSE:LNC) have been assigned an average rating of “Hold” from the twelve ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $33.25.

Several research analysts recently commented on the stock. Barclays reduced their price target on shares of Lincoln National from $38.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Monday. StockNews.com raised shares of Lincoln National from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Piper Sandler lowered their price target on Lincoln National from $37.00 to $34.00 and set a “neutral” rating for the company in a report on Wednesday, October 2nd. TD Cowen raised their price objective on Lincoln National from $34.00 to $37.00 and gave the stock a “hold” rating in a report on Wednesday, November 27th. Finally, Wells Fargo & Company upped their target price on Lincoln National from $28.00 to $29.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th.

Insider Buying and Selling at Lincoln National

In other news, EVP John Christopher Kennedy sold 2,863 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $36.00, for a total transaction of $103,068.00. Following the transaction, the executive vice president now directly owns 99,644 shares of the company’s stock, valued at approximately $3,587,184. This represents a 2.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. raised its stake in Lincoln National by 535.5% in the third quarter. Blue Trust Inc. now owns 1,074 shares of the financial services provider’s stock valued at $33,000 after buying an additional 905 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of Lincoln National by 95.3% during the third quarter. Larson Financial Group LLC now owns 1,086 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 530 shares in the last quarter. Eastern Bank purchased a new position in shares of Lincoln National in the 3rd quarter valued at approximately $40,000. Meeder Asset Management Inc. acquired a new stake in Lincoln National in the 3rd quarter worth approximately $48,000. Finally, Allspring Global Investments Holdings LLC grew its position in Lincoln National by 67.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,044 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 821 shares during the last quarter. 72.81% of the stock is currently owned by hedge funds and other institutional investors.

Lincoln National Stock Down 0.7 %

Shares of NYSE:LNC opened at $31.77 on Friday. The firm has a market capitalization of $5.41 billion, a PE ratio of 22.69, a price-to-earnings-growth ratio of 0.29 and a beta of 1.78. The business has a 50 day simple moving average of $33.64 and a two-hundred day simple moving average of $32.23. Lincoln National has a 1 year low of $25.09 and a 1 year high of $36.98. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.27 and a quick ratio of 0.27.

Lincoln National (NYSE:LNC) last announced its quarterly earnings data 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 return on equity of 18.15% and a net margin of 2.51%. The company had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.61 billion. During the same quarter in the prior year, the company posted $0.23 EPS. Lincoln National’s quarterly revenue was down 2.2% on a year-over-year basis. On average, equities analysts predict that Lincoln National will post 7.03 EPS for the current year.

Lincoln National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.80 dividend on an annualized basis and a yield of 5.67%. Lincoln National’s dividend payout ratio is presently 128.57%.

Lincoln National Company Profile

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.