Lincoln National (NYSE:LNC – Get Rating) is set to post its quarterly earnings results after the market closes on Wednesday, May 4th. Analysts expect Lincoln National to post earnings of $2.21 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.
Lincoln National (NYSE:LNC – Get Rating) last issued its quarterly earnings results on Wednesday, February 2nd. The financial services provider reported $1.56 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.42). Lincoln National had a return on equity of 7.49% and a net margin of 7.31%. The business had revenue of $4.77 billion during the quarter, compared to analysts’ expectations of $4.70 billion. During the same quarter in the previous year, the company posted $1.78 earnings per share. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, analysts expect Lincoln National to post $10 EPS for the current fiscal year and $13 EPS for the next fiscal year.
Shares of NYSE LNC opened at $61.17 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.22 and a current ratio of 0.22. The business’s 50 day moving average price is $65.21 and its 200-day moving average price is $68.83. Lincoln National has a fifty-two week low of $56.41 and a fifty-two week high of $77.57. The company has a market cap of $10.51 billion, a price-to-earnings ratio of 8.29, a PEG ratio of 0.32 and a beta of 1.99.
Several brokerages have recently weighed in on LNC. Morgan Stanley reduced their price target on Lincoln National from $81.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, April 8th. Piper Sandler raised Lincoln National from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $73.00 to $83.00 in a research note on Wednesday, January 5th. StockNews.com assumed coverage on Lincoln National in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Jefferies Financial Group assumed coverage on Lincoln National in a research note on Tuesday, January 25th. They issued a “buy” rating and a $80.00 price objective on the stock. Finally, The Goldman Sachs Group cut Lincoln National from a “buy” rating to a “neutral” rating and set a $74.00 price objective on the stock. in a research note on Tuesday, March 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $76.08.
Institutional investors have recently bought and sold shares of the company. Sei Investments Co. boosted its position in shares of Lincoln National by 11.8% in the 4th quarter. Sei Investments Co. now owns 58,122 shares of the financial services provider’s stock worth $3,986,000 after purchasing an additional 6,118 shares in the last quarter. LPL Financial LLC boosted its position in shares of Lincoln National by 3.5% in the 4th quarter. LPL Financial LLC now owns 51,456 shares of the financial services provider’s stock worth $3,512,000 after purchasing an additional 1,762 shares in the last quarter. Cubist Systematic Strategies LLC boosted its position in shares of Lincoln National by 733.9% in the 4th quarter. Cubist Systematic Strategies LLC now owns 33,541 shares of the financial services provider’s stock worth $2,290,000 after purchasing an additional 29,519 shares in the last quarter. Metropolitan Life Insurance Co NY boosted its position in shares of Lincoln National by 9.0% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 20,886 shares of the financial services provider’s stock worth $1,426,000 after purchasing an additional 1,719 shares in the last quarter. Finally, Glenmede Trust Co. NA boosted its position in shares of Lincoln National by 6.8% in the 4th quarter. Glenmede Trust Co. NA now owns 14,054 shares of the financial services provider’s stock worth $959,000 after purchasing an additional 896 shares in the last quarter. 84.78% of the stock is owned by hedge funds and other institutional investors.
Lincoln National Company Profile (Get Rating)
Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The Annuities segment offers fixed, variable, and indexed variable annuities.
See Also
- Get a free copy of the StockNews.com research report on Lincoln National (LNC)
- Simpson Manufacturing Co. Hits The Nail On The Head, Again
- The Sherwin-Williams Company Bottoms Above Institutional Support
- What To Make Of Activision Blizzard (NASDAQ: ATVI)
- Whirlpool Is A Steal At These Prices
- Kimberly-Clark Pops On Successful Price Pass-Through
Receive News & Ratings for Lincoln National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lincoln National and related companies with MarketBeat.com's FREE daily email newsletter.
