StockNews.com downgraded shares of Lincoln National (NYSE:LNC - Free Report) from a hold rating to a sell rating in a research report report published on Wednesday.
A number of other equities research analysts have also recently weighed in on LNC. Wells Fargo & Company lifted their price target on Lincoln National from $28.00 to $29.00 and gave the company an "equal weight" rating in a report on Thursday, October 10th. JPMorgan Chase & Co. increased their price target on Lincoln National from $28.00 to $34.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 2nd. TD Cowen began coverage on shares of Lincoln National in a report on Wednesday, October 9th. They issued a "hold" rating and a $34.00 price objective for the company. Barclays raised their target price on shares of Lincoln National from $35.00 to $36.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 8th. Finally, Morgan Stanley reduced their price target on shares of Lincoln National from $30.00 to $29.00 and set an "equal weight" rating for the company in a research note on Monday, August 19th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $33.00.
Read Our Latest Analysis on Lincoln National
Lincoln National Stock Performance
Shares of Lincoln National stock traded up $0.67 on Wednesday, reaching $33.44. 808,683 shares of the company were exchanged, compared to its average volume of 1,633,727. Lincoln National has a 1-year low of $20.85 and a 1-year high of $36.46. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of 4.48, a P/E/G ratio of 0.32 and a beta of 1.81. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.27 and a current ratio of 0.27. The company's 50-day moving average is $31.52 and its two-hundred day moving average is $31.01.
Lincoln National (NYSE:LNC - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.07. The company had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $4.65 billion. Lincoln National had a net margin of 12.24% and a return on equity of 17.13%. During the same quarter in the previous year, the company posted $2.02 earnings per share. As a group, research analysts expect that Lincoln National will post 5.73 earnings per share for the current fiscal year.
Lincoln National Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be issued a $0.45 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.38%. Lincoln National's payout ratio is currently 24.62%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the business. First Eagle Investment Management LLC grew its stake in Lincoln National by 33.0% during the 1st quarter. First Eagle Investment Management LLC now owns 387,800 shares of the financial services provider's stock valued at $12,382,000 after acquiring an additional 96,200 shares in the last quarter. Vanguard Group Inc. lifted its position in Lincoln National by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 21,854,837 shares of the financial services provider's stock worth $697,825,000 after buying an additional 166,167 shares in the last quarter. Ellis Investment Partners LLC acquired a new stake in shares of Lincoln National during the 2nd quarter valued at $1,095,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Lincoln National during the 1st quarter valued at $505,000. Finally, SG Americas Securities LLC acquired a new position in shares of Lincoln National in the second quarter worth $673,000. Hedge funds and other institutional investors own 72.81% of the company's stock.
Lincoln National Company Profile
(
Get Free Report)
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.
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