Shares of Lincoln National Co. (NYSE: LNC – Get Rating) has received a consensus rating of “Hold” from the eleven analysts that are currently covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $ 69.67.
LNC has been the subject of several recent analyst reports. Barclays reduced their target price on shares of Lincoln National from $ 66.00 to $ 58.00 in a research note on Tuesday, May 10th. Wolfe Research lowered shares of Lincoln National from an “outperform” rating to a “market perform” rating in a research report on Wednesday. StockNews.com assumed coverage on shares of Lincoln National in a research report on Thursday, March 31st. They set a “hold” rating for the company. Morgan Stanley reduced their price target on shares of Lincoln National from $ 81.00 to $ 80.00 and set an “overweight” rating for the company in a research report on Friday, April 8th. Finally, Piper Sandler cut their target price on shares of Lincoln National from $ 75.00 to $ 70.00 and set an “overweight” rating for the company in a research report on Friday, May 27th.
Lincoln National stock opened at $ 47.91 on Thursday. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.45. Lincoln National has a 12-month low of $ 46.07 and a 12-month high of $ 77.57. The firm’s fifty-day moving average is $ 56.81 and its 200 day moving average is $ 63.96. The company has a market capitalization of $ 8.24 billion, a PE ratio of 7.05, a PEG ratio of 0.26 and a beta of 1.91.
Lincoln National (NYSE: LNC – Get Rating) last released its quarterly earnings data on Wednesday, May 4th. The financial services provider reported $ 1.66 earnings per share for the quarter, missing the consensus estimate of $ 1.97 by ($ 0.31). Lincoln National had a return on equity of 7.68% and a net margin of 6.62%. The business had revenue of $ 4.72 billion for the quarter, compared to analyst estimates of $ 4.80 billion. During the same quarter in the previous year, the company posted $ 1.82 EPS. The business’s quarterly revenue was down .9% on a year-over-year basis. Sell-side analysts expect that Lincoln National will post 9.67 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 1st. Shareholders of record on Monday, July 11th will be paid a dividend of $ 0.45 per share. This represents a $ 1.80 annualized dividend and a dividend yield of 3.76%. The ex-dividend date is Friday, July 8th. Lincoln National’s dividend payout ratio (DPR) is currently 26.47%.
Institutional investors have recently modified their holdings of the company. Lyrical Asset Management LP lifted its position in Lincoln National by 1.2% during the first quarter. Lyrical Asset Management LP now owns 4,147,536 shares of the financial services provider’s stock valued at $ 271,083,000 after purchasing an additional 49,765 shares during the period. JPMorgan Chase & Co. Lincoln National raised its position in shares of Lincoln National by 19.9% in the 1st quarter. JPMorgan Chase & Co. now owns 3,401,204 shares of the financial services provider’s stock worth $ 222,304,000 after purchasing an additional 564,100 shares during the last quarter. Invesco Ltd. Lincoln National raised its position in shares of Lincoln National by 15.9% in the 1st quarter. Invesco Ltd. now owns 3,005,501 shares of the financial services provider’s stock worth $ 196,440,000 after purchasing an additional 411,343 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Lincoln National by 4.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,900,801 shares of the financial services provider’s stock worth $ 189,613,000 after purchasing an additional 113,356 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Lincoln National by 1.3% in the 4th quarter. Northern Trust Corp now owns 2,461,149 shares of the financial services provider’s stock worth $ 167,998,000 after purchasing an additional 32,498 shares during the last quarter. Hedge funds and other institutional investors own 86.40% of the company’s stock.
Lincoln National Company Profile (Get Rating)
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 fixed, variable, and indexed variable annuities.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story [email protected]
Should you invest $ 1,000 in Lincoln National right now?
Before you consider Lincoln National, you ‘ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to buy their clients before the broader market catches on … and Lincoln National was not on the list.
While Lincoln National currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The 5 Stocks Here
General Chat Chat Lounge