Lincoln National Corporation (NYSE:LNC) Receives Average Recommendation of “Hold” from Analysts

Shares of Lincoln National Corporation (NYSE:LNC) have been given an average recommendation of “Hold” by the ten analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $39.2222.

A number of research analysts have commented on the company. JPMorgan Chase & Co. upped their price target on Lincoln National from $38.00 to $41.00 and gave the company an “underweight” rating in a research report on Tuesday, July 8th. Barclays upped their price target on Lincoln National from $38.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday, May 9th. Piper Sandler lowered their price target on Lincoln National from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, May 9th. Wall Street Zen raised Lincoln National from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, Morgan Stanley upped their price target on Lincoln National from $32.00 to $38.00 and gave the company an “equal weight” rating in a research report on Monday, May 19th.

Insider Buying and Selling

In related news, EVP Brian Kroll sold 10,075 shares of the company’s stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $33.10, for a total value of $333,482.50. Following the sale, the executive vice president owned 48,743 shares in the company, valued at $1,613,393.30. This represents a 17.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Sean Woodroffe sold 43,622 shares of the company’s stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $32.78, for a total value of $1,429,929.16. Following the completion of the sale, the executive vice president owned 154,102 shares in the company, valued at $5,051,463.56. The trade was a 22.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 58,697 shares of company stock worth $1,959,862 in the last 90 days. Insiders own 0.51% of the company’s stock.

Institutional Trading of Lincoln National

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Hollencrest Capital Management boosted its stake in Lincoln National by 383.2% during the 1st quarter. Hollencrest Capital Management now owns 749 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 594 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in Lincoln National during the 2nd quarter valued at $28,000. Ameritas Advisory Services LLC purchased a new stake in Lincoln National during the 2nd quarter valued at $29,000. Kapitalo Investimentos Ltda purchased a new stake in Lincoln National during the 4th quarter valued at $32,000. Finally, NBC Securities Inc. purchased a new stake in Lincoln National during the 1st quarter valued at $33,000. Hedge funds and other institutional investors own 72.81% of the company’s stock.

Lincoln National Trading Down 1.1%

NYSE LNC opened at $40.52 on Friday. Lincoln National has a 1-year low of $27.58 and a 1-year high of $41.09. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.67. The stock has a 50-day moving average of $35.22 and a 200-day moving average of $34.69. The firm has a market cap of $7.68 billion, a PE ratio of 7.07, a price-to-earnings-growth ratio of 0.57 and a beta of 1.42.

Lincoln National (NYSE:LNC) last released its quarterly earnings results on Thursday, July 31st. The financial services provider reported $2.36 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.45. The business had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.65 billion. Lincoln National had a return on equity of 19.14% and a net margin of 6.34%. During the same quarter in the prior year, the company posted $1.87 EPS. As a group, sell-side analysts forecast that Lincoln National will post 7.69 EPS for the current year.

Lincoln National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be issued a dividend of $0.45 per share. The ex-dividend date is Friday, October 10th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.4%. Lincoln National’s dividend payout ratio is 31.41%.

Lincoln National Company Profile

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.