Lincoln National Corporation (LNC) Price Target Raised to $79.00

Lincoln National Corporation (NYSE:LNC) had its price objective increased by investment analysts at Morgan Stanley from $77.00 to $79.00 in a research report issued on Thursday, November 2nd. The brokerage presently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s price objective suggests a potential upside of 7.57% from the company’s current price.

LNC has been the topic of several other reports. Zacks Investment Research upgraded shares of Lincoln National Corporation from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a research report on Thursday, August 24th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Lincoln National Corporation in a research report on Wednesday, October 18th. They issued a “sell” rating and a $71.00 price target on the stock. BidaskClub downgraded shares of Lincoln National Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Royal Bank Of Canada boosted their price target on shares of Lincoln National Corporation from $77.00 to $83.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Finally, Citigroup Inc. restated a “buy” rating and issued a $83.00 price target (up previously from $82.00) on shares of Lincoln National Corporation in a research report on Thursday, September 14th. One equities research 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 a consensus rating of “Hold” and a consensus price target of $76.70.

Lincoln National Corporation (NYSE LNC) traded down $0.46 on Thursday, hitting $73.44. 1,150,000 shares of the stock were exchanged, compared to its average volume of 1,494,716. Lincoln National Corporation has a one year low of $60.31 and a one year high of $77.46. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.30. The firm has a market cap of $16,171.49, a P/E ratio of 9.76, a P/E/G ratio of 1.12 and a beta of 2.03.

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

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Hedge funds and other institutional investors have recently bought and sold shares of the company. Janus Henderson Group PLC boosted its holdings in shares of Lincoln National Corporation by 3,936.0% in the 2nd quarter. Janus Henderson Group PLC now owns 1,196,540 shares of the financial services provider’s stock worth $80,862,000 after buying an additional 1,166,893 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of 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 worth $239,047,000 after buying an additional 857,436 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Lincoln National Corporation by 207.0% in the 2nd quarter. Acadian Asset Management LLC now owns 1,269,347 shares of the financial services provider’s stock worth $85,784,000 after buying an additional 855,930 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Lincoln National Corporation by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 23,649,087 shares of the financial services provider’s stock worth $1,598,205,000 after buying an additional 764,714 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. boosted its holdings in shares of Lincoln National Corporation by 91.2% in the 2nd quarter. Old Mutual Global Investors UK Ltd. now owns 1,573,659 shares of the financial services provider’s stock worth $106,347,000 after buying an additional 750,776 shares during the last quarter. Hedge funds and other institutional investors own 81.03% of the company’s stock.

About Lincoln National Corporation

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 Corporation (NYSE:LNC)

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