Lincoln National (NYSE:LNC) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Lincoln National (NYSE:LNC) had its price target boosted by Morgan Stanley from $36.00 to $39.00 in a report published on Friday,Benzinga reports. They currently have an equal weight rating on the financial services provider’s stock.

LNC has been the topic of several other research reports. Barclays lifted their price objective on shares of Lincoln National from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. StockNews.com raised shares of Lincoln National from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. TD Cowen lifted their target price on shares of Lincoln National from $34.00 to $37.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. Keefe, Bruyette & Woods lifted their target price on shares of Lincoln National from $37.00 to $40.00 and gave the stock a “market perform” rating in a research report on Wednesday. Finally, Wells Fargo & Company dropped their target price on shares of Lincoln National from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. One equities 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 MarketBeat, the company has a consensus rating of “Hold” and an average price target of $35.40.

Lincoln National Stock Down 0.4 %

LNC stock opened at $39.09 on Friday. The firm’s 50-day moving average is $33.32 and its two-hundred day moving average is $32.70. The company has a market capitalization of $6.66 billion, a price-to-earnings ratio of 2.13, a price-to-earnings-growth ratio of 0.28 and a beta of 1.79. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.80. Lincoln National has a 52 week low of $25.60 and a 52 week high of $39.85.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. HighPoint Advisor Group LLC increased its stake in Lincoln National by 3.2% in the 4th quarter. HighPoint Advisor Group LLC now owns 8,460 shares of the financial services provider’s stock valued at $268,000 after buying an additional 262 shares during the period. OLD National Bancorp IN increased its stake in Lincoln National by 4.0% in the 3rd quarter. OLD National Bancorp IN now owns 8,415 shares of the financial services provider’s stock valued at $265,000 after buying an additional 325 shares during the period. Forvis Mazars Wealth Advisors LLC increased its stake in Lincoln National by 3.1% in the 4th quarter. Forvis Mazars Wealth Advisors LLC now owns 11,199 shares of the financial services provider’s stock valued at $355,000 after buying an additional 338 shares during the period. Roman Butler Fullerton & Co. increased its stake in Lincoln National by 5.5% in the 4th quarter. Roman Butler Fullerton & Co. now owns 6,610 shares of the financial services provider’s stock valued at $224,000 after buying an additional 343 shares during the period. Finally, Hillsdale Investment Management Inc. grew its position in Lincoln National by 30.4% in the fourth quarter. Hillsdale Investment Management Inc. now owns 1,500 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 350 shares in the last quarter. Institutional investors and hedge funds own 72.81% of the company’s stock.

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.