Shares of Lincoln National Co. (NYSE:LNC) have received an average rating of “Hold” from the fourteen ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $76.17.
A number of brokerages have recently commented on LNC. Zacks Investment Research lowered shares of Lincoln National from a “buy” rating to a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. set a $92.00 price objective on shares of Lincoln National and gave the company a “buy” rating in a research report on Thursday, May 2nd. UBS Group upped their price objective on shares of Lincoln National from $67.00 to $69.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. Finally, ValuEngine raised shares of Lincoln National from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 27th.
In related news, Director Gary C. Kelly sold 17,040 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $66.63, for a total value of $1,135,375.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kenneth S. Solon sold 11,738 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $64.39, for a total transaction of $755,809.82. The disclosure for this sale can be found here. Insiders have sold 36,041 shares of company stock valued at $2,339,312 in the last ninety days. 1.50% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of LNC. Legal & General Group Plc raised its position in Lincoln National by 2.3% in the third quarter. Legal & General Group Plc now owns 1,051,772 shares of the financial services provider’s stock worth $71,151,000 after purchasing an additional 23,662 shares in the last quarter. James Investment Research Inc. raised its position in Lincoln National by 370.2% in the fourth quarter. James Investment Research Inc. now owns 22,380 shares of the financial services provider’s stock worth $1,148,000 after purchasing an additional 17,620 shares in the last quarter. IFP Advisors Inc raised its position in Lincoln National by 281.8% in the fourth quarter. IFP Advisors Inc now owns 12,153 shares of the financial services provider’s stock worth $620,000 after purchasing an additional 8,970 shares in the last quarter. IFM Investors Pty Ltd raised its position in Lincoln National by 8.6% in the fourth quarter. IFM Investors Pty Ltd now owns 13,579 shares of the financial services provider’s stock worth $697,000 after purchasing an additional 1,075 shares in the last quarter. Finally, Abacus Planning Group Inc. acquired a new position in Lincoln National in the fourth quarter worth about $571,000. 81.04% of the stock is owned by hedge funds and other institutional investors.
LNC stock opened at $63.49 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.19 and a quick ratio of 0.19. Lincoln National has a 52-week low of $48.07 and a 52-week high of $71.27. The stock has a market cap of $13.01 billion, a price-to-earnings ratio of 7.49, a PEG ratio of 0.78 and a beta of 1.95.
Lincoln National (NYSE:LNC) last released its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $2.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.08 by $0.06. The company had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.25 billion. Lincoln National had a net margin of 9.02% and a return on equity of 12.32%. The business’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.97 earnings per share. As a group, equities analysts anticipate that Lincoln National will post 9.29 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.33%. Lincoln National’s dividend payout ratio is currently 17.45%.
About Lincoln National
Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The Annuities segment offers variable, fixed, and indexed variable annuities.
Read More: Back-End Load
Receive News & Ratings for Lincoln National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lincoln National and related companies with MarketBeat.com's FREE daily email newsletter.