Lincoln National Corp. (NYSE:LNC)’s share price dropped 1.6% on Thursday . The company traded as low as $45.43 and last traded at $45.43, with a volume of 1,257,595 shares. The stock had previously closed at $46.19.

LNC has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Lincoln National Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. Evercore ISI initiated coverage on shares of Lincoln National Corp. in a research note on Wednesday, July 6th. They set a “buy” rating and a $47.00 target price for the company. Bank of America Corp. downgraded shares of Lincoln National Corp. from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 29th. Citigroup Inc. lowered their target price on shares of Lincoln National Corp. from $46.00 to $44.00 and set a “neutral” rating for the company in a research note on Thursday, July 7th. Finally, Deutsche Bank AG decreased their price target on shares of Lincoln National Corp. from $57.00 to $53.00 and set a “hold” rating for the company in a research note on Thursday, July 7th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $53.13.

The stock has a market cap of $10.62 billion and a price-to-earnings ratio of 10.93. The firm has a 50-day moving average of $42.92 and a 200-day moving average of $41.17.

Lincoln National Corp. (NYSE:LNC) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $1.56 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.58 by $0.02. The business had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.45 billion. During the same period in the prior year, the firm earned $1.46 earnings per share. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. On average, equities analysts predict that Lincoln National Corp. will post $6.07 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Monday, October 10th will be given a $0.25 dividend. The ex-dividend date is Wednesday, October 5th. This represents a $1.00 annualized dividend and a dividend yield of 2.19%.

Other large investors recently bought and sold shares of the company. I.G. Investment Management LTD. boosted its stake in Lincoln National Corp. by 3.2% in the fourth quarter. I.G. Investment Management LTD. now owns 60,540 shares of the company’s stock valued at $3,043,000 after buying an additional 1,850 shares in the last quarter. Frontier Investment Mgmt Co. boosted its stake in Lincoln National Corp. by 1.1% in the fourth quarter. Frontier Investment Mgmt Co. now owns 49,102 shares of the company’s stock valued at $2,468,000 after buying an additional 514 shares in the last quarter. Advantus Capital Management Inc boosted its stake in Lincoln National Corp. by 0.9% in the fourth quarter. Advantus Capital Management Inc now owns 23,662 shares of the company’s stock valued at $1,189,000 after buying an additional 213 shares in the last quarter. American International Group Inc. boosted its stake in Lincoln National Corp. by 1.3% in the fourth quarter. American International Group Inc. now owns 102,038 shares of the company’s stock valued at $5,129,000 after buying an additional 1,355 shares in the last quarter. Finally, Trexquant Investment LP boosted its stake in Lincoln National Corp. by 33.2% in the fourth quarter. Trexquant Investment LP now owns 49,800 shares of the company’s stock valued at $2,503,000 after buying an additional 12,400 shares in the last quarter.

Lincoln National Corporation is a holding company, which operates insurance and retirement businesses through subsidiary companies. The Company sells a range of wealth protection, accumulation and retirement income products and solutions, through its business segments. It operates through four segments: Annuities segment, which offers fixed (including indexed) and variable annuities; Retirement Plan Services segment, which provides employers with retirement plan products and services; Life Insurance segment, which focuses in the creation and protection of wealth through life insurance products, and Group Protection, which offers principally group non-medical insurance products.

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