Barclays Reiterates “Buy” Rating for Lincoln National (LNC)

Barclays reaffirmed their buy rating on shares of Lincoln National (NYSE:LNC) in a report issued on Tuesday morning. Barclays currently has a $90.00 target price on the financial services provider’s stock.

LNC has been the topic of a number of other research reports. Zacks Investment Research upgraded Lincoln National from a hold rating to a buy rating and set a $89.00 price objective on the stock in a research report on Monday. Keefe, Bruyette & Woods reiterated a hold rating and issued a $89.00 price objective on shares of Lincoln National in a research report on Friday, December 22nd. Royal Bank of Canada reiterated a buy rating and issued a $86.00 price objective on shares of Lincoln National in a research report on Friday, December 8th. JPMorgan Chase & Co. upgraded Lincoln National from a neutral rating to an overweight rating and set a $87.00 price objective on the stock in a research report on Tuesday, January 2nd. Finally, Deutsche Bank assumed coverage on Lincoln National in a research report on Tuesday, January 2nd. They issued a buy rating and a $84.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $83.27.

Lincoln National (NYSE LNC) traded up $1.11 during trading on Tuesday, hitting $83.90. The stock had a trading volume of 1,241,900 shares, compared to its average volume of 1,299,063. Lincoln National has a 52-week low of $61.45 and a 52-week high of $84.09. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $18,360.00, a price-to-earnings ratio of 13.09, a P/E/G ratio of 1.12 and a beta of 2.01.

Lincoln National (NYSE:LNC) last posted its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $2.03 EPS for the quarter, topping the Zacks’ consensus estimate of $1.84 by $0.19. Lincoln National had a return on equity of 11.16% and a net margin of 10.50%. The firm had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.62 billion. During the same period last year, the company earned $1.89 earnings per share. The business’s revenue for the quarter was down .4% on a year-over-year basis. research analysts forecast that Lincoln National will post 7.72 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be given a dividend of $0.33 per share. This is an increase from Lincoln National’s previous quarterly dividend of $0.29. The ex-dividend date is Tuesday, January 9th. This represents a $1.32 dividend on an annualized basis and a yield of 1.57%. Lincoln National’s dividend payout ratio (DPR) is presently 20.59%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LNC. Janus Henderson Group PLC raised its position in Lincoln National by 3,936.0% during the second quarter. Janus Henderson Group PLC now owns 1,196,540 shares of the financial services provider’s stock valued at $80,862,000 after purchasing an additional 1,166,893 shares in the last quarter. Vanguard Group Inc. raised its position in Lincoln National by 3.3% during the second quarter. Vanguard Group Inc. now owns 23,649,087 shares of the financial services provider’s stock valued at $1,598,205,000 after purchasing an additional 764,714 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in Lincoln National by 90.5% during the second quarter. Parametric Portfolio Associates LLC now owns 1,117,085 shares of the financial services provider’s stock valued at $75,493,000 after purchasing an additional 530,618 shares in the last quarter. BlackRock Inc. raised its position in Lincoln National by 1.9% during the second quarter. BlackRock Inc. now owns 18,774,399 shares of the financial services provider’s stock valued at $1,268,774,000 after purchasing an additional 355,633 shares in the last quarter. Finally, Sit Investment Associates Inc. raised its position in Lincoln National by 473,333.3% during the third quarter. Sit Investment Associates Inc. now owns 269,857 shares of the financial services provider’s stock valued at $19,829,000 after purchasing an additional 269,800 shares in the last quarter. Institutional investors and hedge funds own 80.32% of the company’s stock.

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About Lincoln National

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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