FY2022 EPS Estimates for Lincoln National Co. (NYSE:LNC) Cut by Jefferies Financial Group

Lincoln National Co. (NYSE:LNC – Get Rating) – Investment analysts at Jefferies Financial Group lowered their FY2022 earnings per share (EPS) estimates for Lincoln National in a note issued to investors on Tuesday, January 17th. Jefferies Financial Group analyst S. Kamath now expects that the financial services provider will post earnings of ($4.53) per share for the year, down from their previous estimate of ($4.15). Jefferies Financial Group has a “Underperform” rating and a $25.00 price objective on the stock. The consensus estimate for Lincoln National’s current full-year earnings is ($4.19) per share. Jefferies Financial Group also issued estimates for Lincoln National’s Q4 2022 earnings at $1.60 EPS, Q1 2024 earnings at $1.98 EPS, Q2 2024 earnings at $2.36 EPS, Q3 2024 earnings at $2.29 EPS, FY2024 earnings at $9.00 EPS, FY2025 earnings at $9.90 EPS and FY2026 earnings at $10.75 EPS.

A number of other brokerages also recently issued reports on LNC. Royal Bank of Canada lowered their price target on Lincoln National from $54.00 to $40.00 in a report on Friday, November 4th. Morgan Stanley reduced their price objective on Lincoln National from $54.00 to $40.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 10th. Citigroup reduced their price objective on Lincoln National from $53.00 to $36.00 in a research report on Wednesday, November 16th. Credit Suisse Group upgraded Lincoln National from an “underperform” rating to a “neutral” rating and reduced their price target for the stock from $45.00 to $41.00 in a research report on Friday, November 4th. Finally, JPMorgan Chase & Co. cut Lincoln National from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $55.00 to $36.00 in a research report on Friday, January 6th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Lincoln National has a consensus rating of “Hold” and an average target price of $36.36.

Lincoln National Trading Up 6.1 %

Shares of NYSE:LNC opened at $31.75 on Friday. The company has a market cap of $5.37 billion, a P/E ratio of -2.63, a PEG ratio of 0.37 and a beta of 1.78. The company has a debt-to-equity ratio of 2.69, a current ratio of 0.19 and a quick ratio of 0.19. Lincoln National has a 1 year low of $28.61 and a 1 year high of $76.40. The stock’s fifty day moving average price is $33.21 and its 200-day moving average price is $42.49.

Lincoln National (NYSE:LNC – Get Rating) last released its earnings results on Wednesday, November 2nd. The financial services provider reported ($10.23) EPS for the quarter, missing the consensus estimate of $1.93 by ($12.16). Lincoln National had a negative return on equity of 6.59% and a negative net margin of 10.52%. The company had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.37 billion.

Hedge Funds Weigh In On Lincoln National

Several hedge funds have recently bought and sold shares of LNC. Apeiron RIA LLC bought a new position in Lincoln National in the 2nd quarter valued at $25,000. Jones Financial Companies Lllp grew its position in shares of Lincoln National by 294.1% during the 2nd quarter. Jones Financial Companies Lllp now owns 536 shares of the financial services provider’s stock worth $25,000 after buying an additional 400 shares in the last quarter. Boyd Watterson Asset Management LLC OH bought a new position in shares of Lincoln National during the 4th quarter worth $26,000. Arlington Partners LLC bought a new position in shares of Lincoln National during the 2nd quarter worth $27,000. Finally, Achmea Investment Management B.V. bought a new position in shares of Lincoln National during the 1st quarter worth $30,000. Institutional investors own 78.00% of the company’s stock.

Insider Activity

In other news, EVP John Christopher Kennedy sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $30.79, for a total transaction of $46,185.00. Following the transaction, the executive vice president now owns 20,336 shares of the company’s stock, valued at approximately $626,145.44. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.75% of the company’s stock.

Lincoln National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 1st. Stockholders of record on Tuesday, January 10th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.67%. The ex-dividend date is Monday, January 9th. Lincoln National’s dividend payout ratio (DPR) is -14.94%.

About Lincoln National

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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.