Lincoln National (LNC) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Lincoln National (NYSE:LNC) from a hold rating to a buy rating in a research note released on Monday morning. Zacks Investment Research currently has $89.00 price objective on the financial services provider’s stock.

According to Zacks, “Lincoln National’s shares have outperformed the industry in six month’s time.  In order to shield itself from long-term claims variability, the company has been emphasizing on sale of Life products without long-term guarantees. It has also streamlined its business by axing unprofitable and non-core lines. The company’s Group Protection segment which was challenged earlier, has been recovering. The stock has witnessed an upward revision in the Zacks Consensus Estimate for 2017 over the past 60 days. However, increased expense driven by investment in technology will dent margins over the next many quarters. Declining cash flows are another cause of concern.”

Several other research analysts also recently weighed in on the stock. Deutsche Bank began coverage on shares of Lincoln National in a research report on Tuesday, January 2nd. They issued a buy rating and a $84.00 price target on the stock. JPMorgan Chase & Co. raised shares of Lincoln National from a neutral rating to an overweight rating and set a $87.00 price objective for the company in a research note on Tuesday, January 2nd. Keefe, Bruyette & Woods reissued a hold rating and issued a $89.00 price objective on shares of Lincoln National in a research note on Friday, December 22nd. Royal Bank of Canada reissued a buy rating and issued a $86.00 price objective on shares of Lincoln National in a research note on Friday, December 8th. Finally, Wells Fargo & Co set a $80.00 price objective on shares of Lincoln National and gave the stock a hold rating in a research note on Thursday, November 16th. One 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. The stock presently has an average rating of Buy and a consensus target price of $83.27.

Lincoln National (NYSE LNC) traded up $0.47 on Monday, reaching $84.37. 1,390,179 shares of the company’s stock traded hands, compared to its average volume of 1,309,178. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.30. Lincoln National has a fifty-two week low of $61.45 and a fifty-two week high of $84.75. The company has a market capitalization of $18,360.00, a P/E ratio of 13.16, a PEG ratio of 1.12 and a beta of 2.01.

Lincoln National (NYSE:LNC) last released its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $2.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.84 by $0.19. Lincoln National 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 firm earned $1.89 earnings per share. The company’s quarterly revenue was down .4% on a year-over-year basis. research analysts expect that Lincoln National will post 7.72 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.56%. This is a boost from Lincoln National’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, January 9th. Lincoln National’s dividend payout ratio (DPR) is presently 20.59%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Krilogy Financial LLC grew its stake in shares of Lincoln National 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 buying an additional 40 shares in the last quarter. D.A. Davidson & CO. grew its stake in shares of Lincoln National by 8.6% in the 2nd quarter. D.A. Davidson & CO. now owns 1,726 shares of the financial services provider’s stock worth $116,000 after buying an additional 136 shares in the last quarter. Altavista Wealth Management Inc. grew its stake in shares of Lincoln National by 0.3% in the 2nd quarter. Altavista Wealth Management Inc. now owns 66,979 shares of the financial services provider’s stock worth $4,526,000 after buying an additional 188 shares in the last quarter. Thrivent Financial For Lutherans grew its stake in shares of Lincoln National by 2.8% in the 2nd quarter. Thrivent Financial For Lutherans now owns 8,514 shares of the financial services provider’s stock worth $575,000 after buying an additional 230 shares in the last quarter. Finally, Dorsey Wright & Associates grew its stake in shares of Lincoln National by 1.2% in the 2nd quarter. Dorsey Wright & Associates now owns 29,721 shares of the financial services provider’s stock worth $2,009,000 after buying an additional 347 shares in the last quarter. 80.32% of the stock is owned by institutional investors.

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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.

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