ValuEngine Lowers Lincoln National Corporation (LNC) to Buy

Lincoln National Corporation (NYSE:LNC) was downgraded by equities researchers at ValuEngine from a “strong-buy” rating to a “buy” rating in a note issued to investors on Thursday, November 9th.

A number of other research firms have also issued reports on LNC. Morgan Stanley lifted their target price on Lincoln National Corporation from $77.00 to $79.00 and gave the company an “equal weight” rating in a report on Thursday, November 2nd. B. Riley reiterated a “neutral” rating on shares of Lincoln National Corporation in a report on Monday, November 6th. Goldman Sachs Group, Inc. (The) began coverage on Lincoln National Corporation in a report on Wednesday, October 18th. They issued a “sell” rating and a $71.00 target price for the company. Royal Bank Of Canada restated a “buy” rating and issued a $83.00 price target on shares of Lincoln National Corporation in a research note on Tuesday, October 10th. Finally, Zacks Investment Research upgraded Lincoln National Corporation from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research note on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $77.00.

Lincoln National Corporation (LNC) traded down $0.68 during mid-day trading on Thursday, reaching $73.50. The company’s stock had a trading volume of 1,130,200 shares, compared to its average volume of 1,489,054. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.11 and a current ratio of 0.11. The firm has a market capitalization of $16,100.00, a PE ratio of 9.80, a price-to-earnings-growth ratio of 1.12 and a beta of 2.03. Lincoln National Corporation has a one year low of $61.45 and a one year high of $77.46.

Lincoln National Corporation (NYSE:LNC) last posted its earnings results on Wednesday, November 1st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.19. The company had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.62 billion. Lincoln National Corporation had a return on equity of 11.16% and a net margin of 10.50%. The firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.89 earnings per share. analysts predict that Lincoln National Corporation will post 7.65 EPS for the current fiscal year.

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Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its holdings in Lincoln National Corporation by 32.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,537,245 shares of the financial services provider’s stock valued at $239,047,000 after purchasing an additional 857,436 shares in the last quarter. Todd Asset Management LLC boosted its holdings in Lincoln National Corporation by 57.5% in the 2nd quarter. Todd Asset Management LLC now owns 705,233 shares of the financial services provider’s stock valued at $47,659,000 after purchasing an additional 257,581 shares in the last quarter. Prudential Financial Inc. boosted its holdings in Lincoln National Corporation by 42.2% in the 2nd quarter. Prudential Financial Inc. now owns 961,078 shares of the financial services provider’s stock valued at $64,950,000 after purchasing an additional 285,168 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Lincoln National Corporation by 84.2% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 544,208 shares of the financial services provider’s stock worth $36,777,000 after acquiring an additional 248,800 shares in the last quarter. Finally, Homrich & Berg purchased a new stake in shares of Lincoln National Corporation during the 2nd quarter worth approximately $204,000. Hedge funds and other institutional investors own 79.84% of the company’s stock.

Lincoln National Corporation Company Profile

Lincoln National Corporation is a holding company, which operates insurance and retirement businesses through subsidiary companies. The Company sells a range of wealth protection, accumulation and retirement income products and solutions, through its business segments. The Company operates through four segments: Annuities segment, which offers fixed (including indexed) and variable annuities; Retirement Plan Services segment, which provides employers with retirement plan products and services; Life Insurance segment, which focuses on the creation and protection of wealth through life insurance products, and Group Protection, which offers principally group non-medical insurance products.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Lincoln National Corporation (NYSE:LNC)

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