Wells Fargo & Company set a $80.00 price target on Lincoln National Corporation (NYSE:LNC) in a research note issued to investors on Thursday. The brokerage currently has a hold rating on the financial services provider’s stock.

Several other research analysts have also recently issued reports on the stock. ValuEngine lowered shares of Lincoln National Corporation from a strong-buy rating to a buy rating in a research report on Thursday, November 9th. B. Riley reaffirmed a neutral rating on shares of Lincoln National Corporation in a research note on Monday, November 6th. Morgan Stanley lifted their target price on shares of Lincoln National Corporation from $77.00 to $79.00 and gave the stock an equal weight rating in a research note on Thursday, November 2nd. Goldman Sachs Group, Inc. (The) started coverage on shares of Lincoln National Corporation in a research note on Wednesday, October 18th. They set a sell rating and a $71.00 target price on the stock. Finally, Royal Bank Of Canada reaffirmed a buy rating and set a $83.00 target price on shares of Lincoln National Corporation in a research note on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $77.00.

Shares of Lincoln National Corporation (NYSE LNC) opened at $74.28 on Thursday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.30. Lincoln National Corporation has a 1 year low of $61.45 and a 1 year high of $77.46. The stock has a market cap of $16,254.65, a PE ratio of 9.81, a PEG ratio of 1.12 and a beta of 2.03.

Lincoln National Corporation (NYSE:LNC) last released its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.84 by $0.19. Lincoln National Corporation had a net margin of 10.50% and a return on equity of 11.16%. The firm had revenue of $3.51 billion for the quarter, compared to the consensus estimate of $3.62 billion. During the same period last year, the firm earned $1.89 earnings per share. The company’s quarterly revenue was down .4% on a year-over-year basis. sell-side analysts anticipate that Lincoln National Corporation will post 7.65 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Wells Fargo & Company Analysts Give Lincoln National Corporation (LNC) a $80.00 Price Target” was first published by Daily Political and is the property of of Daily Political. If you are accessing this article on another domain, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The correct version of this article can be read at https://www.dailypolitical.com/2017/11/20/wells-fargo-company-analysts-give-lincoln-national-corporation-lnc-a-80-00-price-target.html.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.78%. This is an increase from Lincoln National Corporation’s previous quarterly dividend of $0.29. Lincoln National Corporation’s dividend payout ratio (DPR) is presently 18.15%.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Sun Life Financial INC increased its stake in Lincoln National Corporation by 20,600.0% in the 2nd quarter. Sun Life Financial INC now owns 1,656 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 1,648 shares in the last quarter. D.A. Davidson & CO. grew its stake in shares of Lincoln National Corporation by 8.6% in the 2nd quarter. D.A. Davidson & CO. now owns 1,726 shares of the financial services provider’s stock valued at $116,000 after buying an additional 136 shares in the last quarter. Valeo Financial Advisors LLC bought a new stake in shares of Lincoln National Corporation in the 3rd quarter valued at approximately $171,000. Stratos Wealth Partners LTD. bought a new stake in shares of Lincoln National Corporation in the 2nd quarter valued at approximately $200,000. Finally, Financial Architects Inc grew its stake in shares of Lincoln National Corporation by 2.3% in the 2nd quarter. Financial Architects Inc now owns 2,968 shares of the financial services provider’s stock valued at $201,000 after buying an additional 68 shares in the last quarter. Institutional investors and hedge funds own 79.84% 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.

Analyst Recommendations for Lincoln National Corporation (NYSE:LNC)

Receive News & Ratings for Lincoln National Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lincoln National Corporation and related companies with MarketBeat.com's FREE daily email newsletter.