Analysts Offer Predictions for Lincoln National Co.’s FY2023 Earnings (NYSE:LNC)

Lincoln National Co. (NYSE:LNC) – Zacks Research increased their FY2023 EPS estimates for Lincoln National in a research note issued on Thursday, August 31st. Zacks Research analyst K. Dey now forecasts that the financial services provider will post earnings per share of $7.09 for the year, up from their prior estimate of $7.02. The consensus estimate for Lincoln National’s current full-year earnings is $7.14 per share.

A number of other research analysts also recently issued reports on LNC. Wells Fargo & Company boosted their price target on Lincoln National from $25.00 to $27.00 and gave the company an “equal weight” rating in a report on Tuesday, August 15th. Piper Sandler raised their price objective on Lincoln National from $21.00 to $27.00 in a report on Friday, July 7th. Royal Bank of Canada decreased their price objective on Lincoln National from $31.00 to $26.00 in a report on Thursday, May 11th. Raymond James began coverage on Lincoln National in a report on Wednesday, July 26th. They set a “market perform” rating on the stock. Finally, Barclays lifted their price target on Lincoln National from $17.00 to $18.00 and gave the stock an “underweight” rating in a report on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $30.54.

Lincoln National Price Performance

Shares of LNC stock opened at $26.21 on Friday. The stock’s 50-day simple moving average is $26.44 and its 200-day simple moving average is $24.63. The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of -1.49 and a beta of 1.81. Lincoln National has a fifty-two week low of $18.50 and a fifty-two week high of $54.59. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.20 and a current ratio of 0.20.

Lincoln National (NYSE:LNC) last released its earnings results on Wednesday, August 2nd. The financial services provider reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.10. The business had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.65 billion. Lincoln National had a negative return on equity of 22.54% and a negative net margin of 18.67%. During the same period last year, the company earned $2.23 earnings per share.

Hedge Funds Weigh In On Lincoln National

A number of large investors have recently modified their holdings of LNC. Comerica Bank acquired a new stake in shares of Lincoln National in the second quarter valued at about $4,200,000. BOKF NA grew its position in shares of Lincoln National by 3,229.2% in the 2nd quarter. BOKF NA now owns 24,303 shares of the financial services provider’s stock worth $626,000 after acquiring an additional 23,573 shares in the last quarter. Osaic Holdings Inc. grew its position in shares of Lincoln National by 9.7% in the 2nd quarter. Osaic Holdings Inc. now owns 129,400 shares of the financial services provider’s stock worth $3,336,000 after acquiring an additional 11,488 shares in the last quarter. Imprint Wealth LLC bought a new stake in shares of Lincoln National in the 2nd quarter worth approximately $1,932,000. Finally, Nuveen Asset Management LLC lifted its holdings in shares of Lincoln National by 1.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 739,571 shares of the financial services provider’s stock worth $19,051,000 after purchasing an additional 11,175 shares during the last quarter. 71.89% of the stock is currently owned by hedge funds and other institutional investors.

Lincoln National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, October 9th. This represents a $1.80 annualized dividend and a yield of 6.87%. Lincoln National’s dividend payout ratio (DPR) is presently -10.23%.

About Lincoln National

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The company's Life Insurance segment provides life insurance products, including term insurance, such as single and survivorship versions of universal life insurance; variable universal life insurance; indexed universal life insurance products; and critical illness and long-term care riders.