Lincoln National Co. (NYSE:LNC) Receives $37.40 Average PT from Analysts

Lincoln National Co. (NYSE:LNC - Get Free Report) has received an average recommendation of "Hold" from the ten analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $37.40.

LNC has been the topic of several research analyst reports. Evercore ISI raised their price objective on Lincoln National from $41.00 to $44.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. Barclays lifted their price target on Lincoln National from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Friday, February 7th. Wells Fargo & Company boosted their price objective on Lincoln National from $28.00 to $36.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 19th. TD Cowen boosted their price objective on Lincoln National from $34.00 to $37.00 and gave the stock a "hold" rating in a research note on Wednesday, November 27th. Finally, Morgan Stanley lifted their target price on Lincoln National from $39.00 to $42.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th.

Lincoln National Price Performance

LNC traded down $0.55 during trading on Wednesday, hitting $36.13. The company's stock had a trading volume of 10,519,168 shares, compared to its average volume of 1,495,274. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.80. Lincoln National has a twelve month low of $25.80 and a twelve month high of $39.85. The business's fifty day simple moving average is $35.81 and its 200 day simple moving average is $33.72. The firm has a market capitalization of $6.16 billion, a price-to-earnings ratio of 1.97, a P/E/G ratio of 0.30 and a beta of 1.76.

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Lincoln National (NYSE:LNC - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.91 EPS for the quarter, beating the consensus estimate of $1.87 by $0.04. Lincoln National had a return on equity of 18.47% and a net margin of 17.76%. On average, equities research analysts forecast that Lincoln National will post 7.69 EPS for the current fiscal year.

Lincoln National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 4.98%. The ex-dividend date of this dividend is Thursday, April 10th. Lincoln National's payout ratio is presently 9.79%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. M Holdings Securities Inc. purchased a new stake in shares of Lincoln National during the 4th quarter worth approximately $29,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Lincoln National during the 4th quarter worth approximately $32,000. Larson Financial Group LLC lifted its position in shares of Lincoln National by 95.3% during the 3rd quarter. Larson Financial Group LLC now owns 1,086 shares of the financial services provider's stock worth $34,000 after buying an additional 530 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Lincoln National during the 4th quarter worth approximately $35,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Lincoln National during the 4th quarter worth approximately $36,000. Institutional investors and hedge funds 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.