Lincoln National Co. (NYSE:LNC) Receives $33.00 Consensus Target Price from Analysts

Lincoln National Co. (NYSE:LNC - Get Free Report) has received an average recommendation of "Hold" from the twelve brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $33.00.

A number of research analysts have weighed in on LNC shares. Morgan Stanley reduced their target price on Lincoln National from $30.00 to $29.00 and set an "equal weight" rating on the stock in a report on Monday, August 19th. StockNews.com cut Lincoln National from a "hold" rating to a "sell" rating in a research note on Saturday. JPMorgan Chase & Co. raised their price objective on Lincoln National from $28.00 to $34.00 and gave the company an "underweight" rating in a research report on Tuesday, July 2nd. Wells Fargo & Company boosted their target price on shares of Lincoln National from $28.00 to $29.00 and gave the company an "equal weight" rating in a report on Thursday, October 10th. Finally, Jefferies Financial Group increased their price target on shares of Lincoln National from $34.00 to $38.00 and gave the stock a "buy" rating in a research note on Friday, June 28th.

Lincoln National Trading Down 0.4 %

LNC stock traded down $0.13 on Friday, reaching $33.49. The company's stock had a trading volume of 1,167,171 shares, compared to its average volume of 1,653,120. The firm has a market cap of $5.69 billion, a PE ratio of 4.58, a PEG ratio of 0.31 and a beta of 1.81. The business has a fifty day simple moving average of $31.19 and a two-hundred day simple moving average of $30.88. Lincoln National has a 12-month low of $20.85 and a 12-month high of $36.46. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.27 and a current ratio of 0.27.

Lincoln National (NYSE:LNC - Get Free Report) last posted its earnings results on Thursday, August 1st. The financial services provider reported $1.84 EPS for the quarter, topping the consensus estimate of $1.77 by $0.07. Lincoln National had a net margin of 12.24% and a return on equity of 17.13%. The firm had revenue of $5.15 billion during the quarter, compared to analysts' expectations of $4.65 billion. During the same period last year, the company posted $2.02 EPS. As a group, research analysts forecast that Lincoln National will post 5.73 EPS for the current year.

Lincoln National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.80 annualized dividend and a yield of 5.37%. Lincoln National's dividend payout ratio is 24.62%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of LNC. Central Pacific Bank Trust Division purchased a new position in Lincoln National in the 1st quarter worth about $25,000. Whittier Trust Co. raised its holdings in shares of Lincoln National by 106.7% during the second quarter. Whittier Trust Co. now owns 835 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 431 shares during the last quarter. Adirondack Trust Co. bought a new position in Lincoln National during the second quarter valued at approximately $31,000. Blue Trust Inc. boosted its holdings in Lincoln National by 535.5% in the third quarter. Blue Trust Inc. now owns 1,074 shares of the financial services provider's stock worth $33,000 after purchasing an additional 905 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Lincoln National by 249.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,223 shares of the financial services provider's stock worth $39,000 after purchasing an additional 873 shares during the period. Hedge funds and other institutional investors own 72.81% of the company's stock.

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.