Evercore ISI Issues Positive Forecast for Lincoln National (NYSE:LNC) Stock Price

Lincoln National (NYSE:LNC) had its price objective boosted by Evercore ISI from $41.00 to $44.00 in a report issued on Wednesday,Benzinga reports. Evercore ISI currently has an in-line rating on the financial services provider’s stock.

Other equities analysts have also recently issued reports about the stock. Barclays lifted their price target on shares of Lincoln National from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. TD Cowen lifted their target price on Lincoln National from $34.00 to $37.00 and gave the stock a “hold” rating in a report on Wednesday, November 27th. Keefe, Bruyette & Woods lifted their price objective on Lincoln National from $37.00 to $40.00 and gave the company a “market perform” rating in a report on Wednesday, February 12th. StockNews.com upgraded Lincoln National from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Morgan Stanley lifted their price target on shares of Lincoln National from $36.00 to $39.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, nine have assigned 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 a consensus target price of $37.10.

Lincoln National Trading Down 3.2 %

NYSE:LNC opened at $37.55 on Wednesday. Lincoln National has a 1-year low of $25.60 and a 1-year high of $39.85. The business’s 50-day moving average price is $33.89 and its two-hundred day moving average price is $32.93. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $6.40 billion, a price-to-earnings ratio of 2.04, a PEG ratio of 0.30 and a beta of 1.79.

Lincoln National (NYSE:LNC) last released its earnings results on Thursday, February 6th. The financial services provider reported $1.91 earnings per share 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%. On average, equities analysts expect that Lincoln National will post 7.69 earnings per share for the current year.

Lincoln National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be issued a $0.45 dividend. The ex-dividend date is Thursday, April 10th. This represents a $1.80 annualized dividend and a yield of 4.79%. Lincoln National’s dividend payout ratio is presently 9.79%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. M Holdings Securities Inc. acquired a new stake in Lincoln National during the fourth quarter worth about $29,000. Kapitalo Investimentos Ltda bought a new position in Lincoln National in the 4th quarter valued at about $32,000. Blue Trust Inc. increased its holdings in 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 buying an additional 905 shares during the period. Larson Financial Group LLC increased its stake in Lincoln National by 95.3% in the third quarter. Larson Financial Group LLC now owns 1,086 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 530 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in Lincoln National in the fourth quarter valued at approximately $35,000. Institutional investors 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.