Wells Fargo & Company Analysts Give Lincoln National Corporation (LNC) a $80.00 Price Target
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.
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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.
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