ValuEngine lowered shares of Lincoln National Corporation (NYSE:LNC) from a strong-buy rating to a buy rating in a research report report published on Thursday.
Several other brokerages have also weighed in on LNC. BidaskClub lowered shares of Lincoln National Corporation from a strong-buy rating to a buy rating in a report on Saturday, August 12th. Zacks Investment Research lowered shares of Lincoln National Corporation from a buy rating to a hold rating in a report on Tuesday, September 26th. Morgan Stanley upped their price objective on shares of Lincoln National Corporation from $77.00 to $79.00 and gave the company an equal weight rating in a report on Thursday, November 2nd. Wells Fargo & Company reiterated a hold rating on shares of Lincoln National Corporation in a report on Wednesday, August 2nd. Finally, Citigroup Inc. reiterated a buy rating and set a $83.00 price objective (up previously from $82.00) on shares of Lincoln National Corporation in a report on Thursday, September 14th. One 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 company. Lincoln National Corporation currently has a consensus rating of Hold and a consensus target price of $76.70.
Lincoln National Corporation (NYSE LNC) traded down $0.84 during mid-day trading on Thursday, reaching $73.49. 1,112,100 shares of the company traded hands, compared to its average volume of 1,169,798. Lincoln National Corporation has a 1-year low of $58.14 and a 1-year high of $77.46. The firm has a market capitalization of $16,081.74, a price-to-earnings ratio of 9.71, a price-to-earnings-growth ratio of 1.11 and a beta of 2.03. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.30.
Lincoln National Corporation (NYSE:LNC) last announced its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $2.03 earnings per share for the quarter, beating 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 firm had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.62 billion. During the same quarter in the prior year, the business earned $1.89 earnings per share. The business’s quarterly revenue was down .4% compared to the same quarter last year. equities analysts anticipate that Lincoln National Corporation will post 7.65 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be given a dividend of $0.33 per share. The ex-dividend date is Tuesday, January 9th. This is an increase from Lincoln National Corporation’s previous quarterly dividend of $0.29. This represents a $1.32 annualized dividend and a dividend yield of 1.80%. Lincoln National Corporation’s payout ratio is presently 18.15%.
Several large investors have recently bought and sold shares of the company. Stratford Consulting LLC increased its position in shares of Lincoln National Corporation by 0.4% during the second quarter. Stratford Consulting LLC now owns 6,432 shares of the financial services provider’s stock worth $435,000 after acquiring an additional 27 shares in the last quarter. Savant Capital LLC grew its position in Lincoln National Corporation by 0.4% in the 2nd quarter. Savant Capital LLC now owns 6,847 shares of the financial services provider’s stock worth $463,000 after purchasing an additional 30 shares in the last quarter. Krilogy Financial LLC grew its position in Lincoln National Corporation by 1.2% in the 2nd quarter. Krilogy Financial LLC now owns 3,460 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 40 shares in the last quarter. Financial Architects Inc grew its position in Lincoln National Corporation by 2.3% in the 2nd quarter. Financial Architects Inc now owns 2,968 shares of the financial services provider’s stock worth $201,000 after purchasing an additional 68 shares in the last quarter. Finally, Intrust Bank NA grew its position in Lincoln National Corporation by 0.7% in the 2nd quarter. Intrust Bank NA now owns 10,550 shares of the financial services provider’s stock worth $713,000 after purchasing an additional 71 shares in the last quarter. 80.28% of the stock is owned by institutional investors.
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.
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