Lincoln National Corporation (LNC) Cut to “Buy” at ValuEngine

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.

ILLEGAL ACTIVITY NOTICE: “Lincoln National Corporation (LNC) Cut to “Buy” at ValuEngine” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another site, it was stolen and reposted in violation of US and international copyright and trademark laws. The original version of this news story can be viewed at https://ledgergazette.com/2017/11/13/lincoln-national-corporation-lnc-cut-to-buy-at-valuengine.html.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Lincoln National Corporation (NYSE:LNC)

Receive News & Ratings for Lincoln National Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lincoln National Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply