Barclays Issues Pessimistic Forecast for Lincoln National (NYSE:LNC) Stock Price

Lincoln National (NYSE:LNC) had its target price lowered by equities research analysts at Barclays from $38.00 to $36.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s price objective suggests a potential upside of 13.31% from the stock’s current price.

Several other analysts have also recently commented on LNC. Wells Fargo & Company raised their price target 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. StockNews.com raised shares of Lincoln National from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. TD Cowen upped their price target on shares of Lincoln National from $34.00 to $37.00 and gave the stock a “hold” rating in a research note on Wednesday, November 27th. Finally, Piper Sandler reduced their price objective on Lincoln National from $37.00 to $34.00 and set a “neutral” rating for the company in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $33.25.

Lincoln National Trading Down 0.7 %

NYSE LNC opened at $31.77 on Monday. The firm’s 50 day moving average price is $33.64 and its two-hundred day moving average price is $32.23. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.27 and a current ratio of 0.27. Lincoln National has a twelve month low of $25.09 and a twelve month high of $36.98. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of 22.69, a PEG ratio of 0.29 and a beta of 1.78.

Lincoln National (NYSE:LNC) last issued its quarterly earnings results on Thursday, October 31st. The financial services provider reported $2.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.42. The business had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.61 billion. Lincoln National had a return on equity of 18.15% and a net margin of 2.51%. Lincoln National’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 earnings per share. Equities analysts anticipate that Lincoln National will post 7.03 EPS for the current year.

Insider Transactions at Lincoln National

In other Lincoln National news, EVP John Christopher Kennedy sold 2,863 shares of the company’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 sale, the executive vice president now directly owns 99,644 shares in the company, valued at $3,587,184. This represents a 2.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is owned by corporate insiders.

Institutional Trading of Lincoln National

Several hedge funds have recently added to or reduced their stakes in LNC. Range Financial Group LLC acquired a new position in shares of Lincoln National during the fourth quarter worth approximately $1,075,000. GAMMA Investing LLC increased its position in Lincoln National by 9.1% during the fourth quarter. GAMMA Investing LLC now owns 6,696 shares of the financial services provider’s stock worth $212,000 after acquiring an additional 556 shares during the period. Versant Capital Management Inc raised its stake in Lincoln National by 20.2% during the 4th quarter. Versant Capital Management Inc now owns 2,104 shares of the financial services provider’s stock valued at $67,000 after purchasing an additional 354 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Lincoln National by 7.2% in the 3rd quarter. Principal Financial Group Inc. now owns 3,309,453 shares of the financial services provider’s stock valued at $104,281,000 after purchasing an additional 223,129 shares during the period. Finally, Franklin Resources Inc. grew its position in Lincoln National by 89.1% in the 3rd quarter. Franklin Resources Inc. now owns 95,677 shares of the financial services provider’s stock worth $3,149,000 after purchasing an additional 45,086 shares during the last quarter. Institutional investors own 72.81% of the company’s stock.

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.