Barclays Lowers Lincoln National (NYSE:LNC) Price Target to $36.00

Lincoln National (NYSE:LNC - Get Free Report) had its target price dropped by investment analysts at Barclays from $38.00 to $36.00 in a report released on Monday,Benzinga reports. The brokerage presently has an "equal weight" rating on the financial services provider's stock. Barclays's price objective would suggest a potential upside of 12.46% from the company's current price.

Other equities research analysts have also recently issued reports about the company. Piper Sandler decreased their price objective on Lincoln National from $37.00 to $34.00 and set a "neutral" rating for the company in a research note on Wednesday, October 2nd. TD Cowen lifted their price target on Lincoln National from $34.00 to $37.00 and gave the company a "hold" rating in a research note on Wednesday, November 27th. StockNews.com raised shares of Lincoln National from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company lifted their target price on Lincoln National from $28.00 to $29.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $33.25.

Lincoln National Trading Down 1.1 %

Shares of NYSE LNC traded down $0.36 during midday trading on Monday, hitting $32.01. The stock had a trading volume of 2,279,805 shares, compared to its average volume of 1,650,268. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.27 and a quick ratio of 0.27. Lincoln National has a fifty-two week low of $25.09 and a fifty-two week high of $36.98. The firm has a market cap of $5.45 billion, a P/E ratio of 22.86, a price-to-earnings-growth ratio of 0.29 and a beta of 1.78. The company's 50-day simple moving average is $33.66 and its 200 day simple moving average is $32.23.

Lincoln National (NYSE:LNC - Get Free Report) last released its earnings results on Thursday, October 31st. The financial services provider reported $2.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.64 by $0.42. The company had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.61 billion. Lincoln National had a net margin of 2.51% and a return on equity of 18.15%. The company's revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.23 EPS. Research analysts anticipate that Lincoln National will post 7.03 EPS for the current year.

Insiders Place Their Bets

In related news, EVP John Christopher Kennedy sold 2,863 shares of the company's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $36.00, for a total value of $103,068.00. Following the completion of the transaction, the executive vice president now directly owns 99,644 shares in the company, valued at approximately $3,587,184. The trade was a 2.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.54% of the company's stock.

Institutional Investors Weigh In On Lincoln National

A number of hedge funds and other institutional investors have recently modified their holdings of LNC. OLD National Bancorp IN lifted its stake in Lincoln National by 4.0% in the third quarter. OLD National Bancorp IN now owns 8,415 shares of the financial services provider's stock worth $265,000 after acquiring an additional 325 shares during the period. Versant Capital Management Inc raised its holdings in Lincoln National by 20.2% in the 4th quarter. Versant Capital Management Inc now owns 2,104 shares of the financial services provider's stock worth $67,000 after acquiring an additional 354 shares during the last quarter. Brookstone Capital Management lifted its holdings in shares of Lincoln National by 6.2% during the third quarter. Brookstone Capital Management now owns 6,808 shares of the financial services provider's stock valued at $215,000 after purchasing an additional 397 shares in the last quarter. Hexagon Capital Partners LLC boosted its holdings in Lincoln National by 13.3% in the third quarter. Hexagon Capital Partners LLC now owns 3,502 shares of the financial services provider's stock worth $110,000 after purchasing an additional 411 shares during the last quarter. Finally, National Bank of Canada FI increased its position in shares of Lincoln National by 1.0% during the 2nd quarter. National Bank of Canada FI now owns 45,854 shares of the financial services provider's stock valued at $1,435,000 after purchasing an additional 468 shares during the last quarter. Institutional investors own 72.81% of the company's stock.

Lincoln National Company Profile

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates in four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders.