Lincoln National (NYSE:LNC) Price Target Cut to $35.00

Lincoln National (NYSE:LNCGet Rating) had its price target reduced by investment analysts at Barclays from $36.00 to $35.00 in a report released on Thursday, MarketBeat reports. The brokerage currently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s price objective suggests a potential downside of 7.24% from the stock’s previous close.

Several other analysts have also recently commented on LNC. Bank of America cut shares of Lincoln National from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $78.00 to $40.00 in a research note on Friday, November 4th. The Goldman Sachs Group raised shares of Lincoln National from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $50.00 to $46.00 in a research note on Wednesday. Morgan Stanley cut shares of Lincoln National from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $68.00 to $54.00 in a research note on Thursday, November 3rd. Credit Suisse Group raised shares of Lincoln National from an “underperform” rating to a “neutral” rating and lowered their price objective for the company from $45.00 to $41.00 in a research note on Friday, November 4th. Finally, Jefferies Financial Group cut shares of Lincoln National from a “buy” rating to a “hold” rating and lowered their price objective for the company from $55.00 to $51.00 in a research note on Monday, October 10th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $46.25.

Lincoln National Stock Up 4.4 %

LNC stock opened at $37.73 on Thursday. The stock has a market capitalization of $6.38 billion, a P/E ratio of -3.13 and a beta of 1.84. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.19 and a current ratio of 0.19. Lincoln National has a one year low of $32.59 and a one year high of $76.40. The company has a 50 day moving average price of $45.20 and a two-hundred day moving average price of $48.77.

Institutional Trading of Lincoln National

Institutional investors have recently added to or reduced their stakes in the business. Waldron Private Wealth LLC lifted its holdings in Lincoln National by 3.9% in the 2nd quarter. Waldron Private Wealth LLC now owns 5,385 shares of the financial services provider’s stock worth $251,000 after buying an additional 203 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in Lincoln National by 25.4% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,017 shares of the financial services provider’s stock worth $44,000 after buying an additional 206 shares in the last quarter. Affinity Wealth Management LLC lifted its holdings in Lincoln National by 6.4% in the 1st quarter. Affinity Wealth Management LLC now owns 3,436 shares of the financial services provider’s stock worth $224,000 after buying an additional 207 shares in the last quarter. Sandy Spring Bank lifted its holdings in Lincoln National by 8.7% in the 2nd quarter. Sandy Spring Bank now owns 2,989 shares of the financial services provider’s stock worth $140,000 after buying an additional 240 shares in the last quarter. Finally, Stephens Inc. AR lifted its holdings in Lincoln National by 3.1% in the 3rd quarter. Stephens Inc. AR now owns 8,202 shares of the financial services provider’s stock worth $360,000 after buying an additional 244 shares in the last quarter. 77.37% of the stock is owned by hedge funds and other institutional investors.

Lincoln National Company Profile

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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.

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Analyst Recommendations for Lincoln National (NYSE:LNC)

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