Lincoln National Corporation (LNC) to Post Q3 2017 Earnings of $1.87 Per Share, Langen Mcalenn Forecasts
Lincoln National Corporation (NYSE:LNC) – Equities researchers at Langen Mcalenn issued their Q3 2017 earnings estimates for shares of Lincoln National Corporation in a research note issued on Wednesday. Langen Mcalenn analyst R. Glasspiegel expects that the financial services provider will post earnings of $1.87 per share for the quarter. Langen Mcalenn also issued estimates for Lincoln National Corporation’s Q4 2017 earnings at $1.94 EPS, Q2 2018 earnings at $1.89 EPS, Q3 2018 earnings at $2.05 EPS, Q4 2018 earnings at $2.12 EPS and FY2018 earnings at $7.73 EPS.
A number of other brokerages have also issued reports on LNC. Zacks Investment Research raised Lincoln National Corporation from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research report on Tuesday. BidaskClub raised Lincoln National Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Wells Fargo & Company reaffirmed a “hold” rating on shares of Lincoln National Corporation in a research report on Wednesday, August 2nd. Royal Bank Of Canada upped their target price on Lincoln National Corporation from $77.00 to $83.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. Finally, Bank of America Corporation set a $78.00 target price on Lincoln National Corporation in a research report on Tuesday, July 4th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Lincoln National Corporation has an average rating of “Buy” and an average target price of $73.40.
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Shares of Lincoln National Corporation (NYSE LNC) opened at 74.34 on Monday. The stock has a market capitalization of $16.74 billion, a price-to-earnings ratio of 11.38 and a beta of 1.99. The company’s 50 day moving average is $69.94 and its 200-day moving average is $67.97. Lincoln National Corporation has a 1-year low of $44.68 and a 1-year high of $75.78.
Lincoln National Corporation (NYSE:LNC) last released its earnings results on Wednesday, August 2nd. The financial services provider reported $1.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.73 by $0.12. Lincoln National Corporation had a net margin of 10.85% and a return on equity of 10.99%. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.56 billion. During the same period in the prior year, the firm earned $1.56 earnings per share. The business’s quarterly revenue was up 8.2% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th were issued a $0.29 dividend. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.56%. Lincoln National Corporation’s dividend payout ratio (DPR) is 17.79%.
In other news, Director Isaiah Tidwell sold 13,946 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $65.04, for a total value of $907,047.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.41% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of the stock. Homrich & Berg purchased a new stake in shares of Lincoln National Corporation during the second quarter worth $204,000. Pacer Advisors Inc. increased its stake in shares of Lincoln National Corporation by 8.4% in the second quarter. Pacer Advisors Inc. now owns 4,834 shares of the financial services provider’s stock worth $327,000 after buying an additional 374 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Lincoln National Corporation by 4.2% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 536,110 shares of the financial services provider’s stock worth $36,230,000 after buying an additional 21,852 shares during the period. BDO Wealth Advisors LLC purchased a new stake in shares of Lincoln National Corporation during the second quarter worth $419,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Lincoln National Corporation by 15.2% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 56,163 shares of the financial services provider’s stock worth $3,795,000 after buying an additional 7,404 shares during the period. Institutional investors and hedge funds own 80.15% of the company’s stock.
Lincoln National Corporation Company Profile
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. The Company 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 on 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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