Shares of Lincoln National Corporation (NYSE:LNC) have received an average recommendation of “Buy” from the twelve research firms that are presently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $74.00.

Several research analysts have recently issued reports on LNC shares. BidaskClub lowered Lincoln National Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Keefe, Bruyette & Woods restated a “hold” rating on shares of Lincoln National Corporation in a research note on Monday, June 26th. Royal Bank Of Canada upped their price target on Lincoln National Corporation from $77.00 to $83.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Zacks Investment Research downgraded Lincoln National Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, Wells Fargo & Company restated a “hold” rating on shares of Lincoln National Corporation in a research note on Thursday, May 4th.

In other Lincoln National Corporation news, Director Isaiah Tidwell sold 13,946 shares of the stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $65.04, for a total transaction of $907,047.84. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.41% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Waters Parkerson & CO. LLC increased its stake in shares of Lincoln National Corporation by 4.8% in the second quarter. Waters Parkerson & CO. LLC now owns 154,484 shares of the financial services provider’s stock valued at $10,440,000 after buying an additional 7,035 shares in the last quarter. OxFORD Asset Management LLP increased its stake in shares of Lincoln National Corporation by 27.1% in the second quarter. OxFORD Asset Management LLP now owns 76,063 shares of the financial services provider’s stock valued at $5,140,000 after buying an additional 16,209 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in shares of Lincoln National Corporation by 84.2% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 544,208 shares of the financial services provider’s stock valued at $36,777,000 after buying an additional 248,800 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Lincoln National Corporation by 90.5% in the second quarter. Parametric Portfolio Associates LLC now owns 1,117,085 shares of the financial services provider’s stock valued at $75,493,000 after buying an additional 530,618 shares in the last quarter. Finally, Advisor Group Inc. increased its stake in shares of Lincoln National Corporation by 9.9% in the second quarter. Advisor Group Inc. now owns 16,726 shares of the financial services provider’s stock valued at $1,095,000 after buying an additional 1,507 shares in the last quarter. Institutional investors and hedge funds own 80.15% of the company’s stock.

Shares of Lincoln National Corporation (NYSE LNC) traded down 0.50% during midday trading on Friday, reaching $71.40. The company’s stock had a trading volume of 872,429 shares. Lincoln National Corporation has a 12-month low of $44.74 and a 12-month high of $75.78. The company’s 50-day moving average price is $70.77 and its 200 day moving average price is $68.20. The company has a market capitalization of $15.81 billion, a P/E ratio of 10.88 and a beta of 1.99.

Lincoln National Corporation (NYSE:LNC) last announced its earnings results on Wednesday, August 2nd. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.12. Lincoln National Corporation had a return on equity of 10.99% and a net margin of 10.85%. The firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.56 billion. During the same quarter in the prior year, the company earned $1.56 EPS. The business’s revenue was up 8.2% compared to the same quarter last year. On average, equities research analysts forecast that Lincoln National Corporation will post $7.45 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.16 annualized dividend and a yield of 1.62%. Lincoln National Corporation’s dividend payout ratio is 17.79%.

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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.

Analyst Recommendations for Lincoln National Corporation (NYSE:LNC)

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