Lincoln National (NYSE:LNC) Given New $38.00 Price Target at Barclays

Lincoln National (NYSE:LNC) had its price objective upped by Barclays from $36.00 to $38.00 in a research report report published on Friday morning,Benzinga reports. Barclays currently has an equal weight rating on the financial services provider’s stock.

Several other equities research analysts have also recently weighed in on the company. TD Cowen boosted their target price on Lincoln National from $34.00 to $37.00 and gave the stock a “hold” rating in a research note on Wednesday, November 27th. StockNews.com upgraded Lincoln National from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company cut their price objective on shares of Lincoln National from $29.00 to $28.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $33.60.

Lincoln National Trading Up 3.5 %

LNC opened at $37.01 on Friday. The business’s 50 day moving average price is $32.93 and its 200 day moving average price is $32.49. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.27 and a current ratio of 0.27. The stock has a market capitalization of $6.30 billion, a PE ratio of 2.01, a P/E/G ratio of 0.28 and a beta of 1.79. Lincoln National has a one year low of $25.09 and a one year high of $37.24.

Lincoln National (NYSE:LNC) last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.04. Lincoln National had a return on equity of 18.47% and a net margin of 17.76%. As a group, equities research analysts expect that Lincoln National will post 7.63 EPS for the current year.

Lincoln National Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.86%. The ex-dividend date of this dividend was Friday, January 10th. Lincoln National’s dividend payout ratio is 9.79%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Blue Trust Inc. grew its stake in shares of Lincoln National by 535.5% in the 3rd quarter. Blue Trust Inc. now owns 1,074 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 905 shares during the period. Larson Financial Group LLC boosted its stake in shares of Lincoln National by 95.3% in the 3rd quarter. Larson Financial Group LLC now owns 1,086 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 530 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Lincoln National during the 4th quarter worth $36,000. Eastern Bank bought a new stake in Lincoln National in the third quarter valued at about $40,000. Finally, Meeder Asset Management Inc. bought a new position in Lincoln National during the 3rd quarter worth approximately $48,000. 72.81% of the stock is currently owned by institutional investors and hedge funds.

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.