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.
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.
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.
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