Analysts Set Lincoln National Co. (NYSE:LNC) Target Price at $33.00

Shares of Lincoln National Co. (NYSE:LNC) have been given an average rating of “Hold” by the twelve research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $33.00.

LNC has been the topic of several recent analyst reports. Piper Sandler cut their price target on shares of Lincoln National from $37.00 to $34.00 and set a “neutral” rating on the stock in a report on Wednesday, October 2nd. Morgan Stanley dropped their target price on shares of Lincoln National from $30.00 to $29.00 and set an “equal weight” rating on the stock in a report on Monday, August 19th. TD Cowen assumed coverage on shares of Lincoln National in a report on Wednesday, October 9th. They set a “hold” rating and a $34.00 target price on the stock. Barclays increased their target price on shares of Lincoln National from $35.00 to $36.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Finally, Wells Fargo & Company increased their target price on shares of Lincoln National from $28.00 to $29.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th.

Insider Activity at Lincoln National

In other news, EVP John Christopher Kennedy sold 2,863 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $36.00, for a total transaction of $103,068.00. Following the completion of the transaction, the executive vice president now owns 99,644 shares in the company, valued at approximately $3,587,184. This trade represents a 2.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.54% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Lincoln National

Large investors have recently made changes to their positions in the business. First Eagle Investment Management LLC boosted its position in shares of Lincoln National by 33.0% during the 1st quarter. First Eagle Investment Management LLC now owns 387,800 shares of the financial services provider’s stock valued at $12,382,000 after purchasing an additional 96,200 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Lincoln National by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 21,854,837 shares of the financial services provider’s stock valued at $697,825,000 after purchasing an additional 166,167 shares in the last quarter. Ellis Investment Partners LLC purchased a new stake in Lincoln National during the second quarter valued at about $1,095,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Lincoln National during the first quarter valued at about $505,000. Finally, The Manufacturers Life Insurance Company lifted its stake in Lincoln National by 2.9% during the second quarter. The Manufacturers Life Insurance Company now owns 40,271 shares of the financial services provider’s stock valued at $1,252,000 after buying an additional 1,121 shares in the last quarter. Institutional investors own 72.81% of the company’s stock.

Lincoln National Price Performance

Shares of LNC stock opened at $34.26 on Thursday. The company has a market capitalization of $5.84 billion, a PE ratio of 24.47, a price-to-earnings-growth ratio of 0.32 and a beta of 1.79. The firm has a fifty day simple moving average of $32.69 and a 200-day simple moving average of $31.77. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.73. Lincoln National has a twelve month low of $23.23 and a twelve month high of $36.98.

Lincoln National (NYSE:LNC) last posted its quarterly earnings results on Thursday, October 31st. The financial services provider reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.42. The firm had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.61 billion. Lincoln National had a net margin of 2.51% and a return on equity of 18.15%. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 earnings per share. Equities research analysts anticipate that Lincoln National will post 6.53 earnings per share for the current fiscal year.

Lincoln National Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be given a $0.45 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.80 dividend on an annualized basis and a yield of 5.25%. Lincoln National’s dividend payout ratio is presently 128.57%.

About Lincoln National

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.