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

Lincoln National (NYSE:LNC) had its target price raised by investment analysts at Barclays from $36.00 to $38.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s target price would suggest a potential upside of 2.67% from the stock’s current price.

LNC has been the subject of several other reports. TD Cowen upped their price objective on Lincoln National from $34.00 to $37.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. StockNews.com raised Lincoln National from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company decreased their target price on Lincoln National from $29.00 to $28.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, Lincoln National has a consensus rating of “Hold” and an average target price of $33.60.

Lincoln National Stock Up 3.5 %

NYSE LNC traded up $1.24 during trading hours on Friday, hitting $37.01. 2,451,511 shares of the company were exchanged, compared to its average volume of 1,511,660. The company has a 50 day moving average of $32.91 and a two-hundred day moving average of $32.45. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of 26.44, a PEG ratio of 0.27 and a beta of 1.79. Lincoln National has a 52-week low of $25.09 and a 52-week high of $37.24. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.73.

Lincoln National (NYSE:LNC) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.04. Lincoln National had a return on equity of 18.15% and a net margin of 2.51%. Equities research analysts anticipate that Lincoln National will post 6.97 earnings per share for the current year.

Institutional Trading of Lincoln National

A number of hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its stake in shares of Lincoln National by 2.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,271 shares of the financial services provider’s stock worth $1,252,000 after buying an additional 1,121 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Lincoln National by 5.3% during the 2nd quarter. Cetera Investment Advisers now owns 62,805 shares of the financial services provider’s stock worth $1,953,000 after buying an additional 3,171 shares in the last quarter. Brookstone Capital Management raised its stake in shares of Lincoln National by 6.2% during the 3rd quarter. Brookstone Capital Management now owns 6,808 shares of the financial services provider’s stock worth $215,000 after buying an additional 397 shares in the last quarter. CWM LLC raised its stake in shares of Lincoln National by 4.1% during the 3rd quarter. CWM LLC now owns 14,879 shares of the financial services provider’s stock worth $469,000 after buying an additional 590 shares in the last quarter. Finally, Hexagon Capital Partners LLC raised its stake 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 buying an additional 411 shares in the last quarter. 72.81% of the stock is owned by institutional investors and hedge funds.

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.