Lincoln National (LNC) to Release Earnings on Thursday

Lincoln National (NYSE:LNC - Get Free Report) will likely be issuing its quarterly earnings data before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $1.87 per share and revenue of $4.72 billion for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

Lincoln National (NYSE:LNC - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The financial services provider reported $2.06 EPS for the quarter, topping the consensus estimate of $1.64 by $0.42. The business had revenue of $4.11 billion during the quarter, compared to analysts' expectations of $4.61 billion. Lincoln National had a net margin of 2.51% and a return on equity of 18.15%. The firm's quarterly revenue was down 2.2% compared to the same quarter last year. During the same period last year, the company posted $0.23 earnings per share. On average, analysts expect Lincoln National to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Lincoln National Stock Up 0.0 %

Shares of NYSE:LNC traded up $0.01 during trading on Thursday, reaching $35.33. 930,169 shares of the company traded hands, compared to its average volume of 1,357,556. Lincoln National has a 1-year low of $25.09 and a 1-year high of $36.98. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.73. The firm has a market cap of $6.02 billion, a P/E ratio of 25.29, a price-to-earnings-growth ratio of 0.26 and a beta of 1.78. The firm has a fifty day simple moving average of $33.00 and a 200 day simple moving average of $32.36.

Lincoln National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 5.10%. The ex-dividend date is Friday, January 10th. Lincoln National's payout ratio is currently 128.57%.

Insider Activity

In related news, EVP John Christopher Kennedy sold 2,863 shares of the firm's stock in a transaction on Thursday, November 7th. The stock was 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 of the company's stock, valued at $3,587,184. This trade represents a 2.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

LNC has been the topic of several recent research reports. StockNews.com raised shares of Lincoln National from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th. Barclays reduced their price objective on shares of Lincoln National from $38.00 to $36.00 and set an "equal weight" rating for the company in a research note on Monday, January 6th. Piper Sandler cut their target price on Lincoln National from $37.00 to $34.00 and set a "neutral" rating on the stock in a report on Wednesday, October 2nd. Wells Fargo & Company reduced their target price on Lincoln National from $29.00 to $28.00 and set an "equal weight" rating for the company in a report on Tuesday, January 14th. Finally, TD Cowen increased their price target on Lincoln National from $34.00 to $37.00 and gave the company a "hold" rating in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $33.40.

About Lincoln National

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.