Lincoln National Corporation (NYSE:LNC) Given Neutral Rating at B. Riley

Lincoln National Corporation (NYSE:LNC)‘s stock had its “neutral” rating restated by analysts at B. Riley in a research report issued on Monday, November 6th. B. Riley also issued estimates for Lincoln National’s FY2017 earnings at $7.60 EPS, FY2018 earnings at $7.65 EPS and FY2019 earnings at $8.25 EPS.

Several other research analysts also recently commented on the company. Morgan Stanley lifted their target price on Lincoln National from $77.00 to $79.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 2nd. Goldman Sachs Group Inc started coverage on Lincoln National in a research note on Wednesday, October 18th. They set a “sell” rating and a $71.00 target price for the company. Royal Bank Of Canada reiterated a “buy” rating and set a $83.00 target price on shares of Lincoln National in a research note on Tuesday, October 10th. Zacks Investment Research raised Lincoln National from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a report on Tuesday, August 8th. Finally, BidaskClub raised Lincoln National from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $77.00.

Lincoln National (LNC) traded down $0.45 during midday trading on Monday, hitting $73.14. The stock had a trading volume of 574,158 shares, compared to its average volume of 1,141,434. The firm has a market capitalization of $16,103.66, a price-to-earnings ratio of 9.72, a P/E/G ratio of 1.11 and a beta of 2.03. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.11 and a current ratio of 0.11. Lincoln National has a 52 week low of $61.45 and a 52 week high of $77.46.

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

Several institutional investors and hedge funds have recently modified their holdings of the company. Trust Co. of Vermont bought a new stake in Lincoln National during the 2nd quarter worth $101,000. Sun Life Financial INC grew its position in Lincoln National by 20,600.0% during the 2nd quarter. Sun Life Financial INC now owns 1,656 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 1,648 shares during the last quarter. D.A. Davidson & CO. grew its position in Lincoln National by 8.6% during the 2nd quarter. D.A. Davidson & CO. now owns 1,726 shares of the financial services provider’s stock worth $116,000 after acquiring an additional 136 shares during the last quarter. Valeo Financial Advisors LLC bought a new stake in Lincoln National during the 3rd quarter worth $171,000. Finally, Stratos Wealth Partners LTD. bought a new stake in Lincoln National during the 2nd quarter worth $200,000. Institutional investors own 79.84% of the company’s stock.

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Lincoln National 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.

Analyst Recommendations for Lincoln National (NYSE:LNC)

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