Lincoln National (LNC) Earns “Buy” Rating from Royal Bank Of Canada
Royal Bank Of Canada reiterated their buy rating on shares of Lincoln National (NYSE:LNC) in a research report sent to investors on Friday. Royal Bank Of Canada currently has a $86.00 price target on the financial services provider’s stock.
Several other equities analysts have also recently weighed in on the company. Zacks Investment Research cut Lincoln National from a buy rating to a hold rating in a report on Wednesday, August 30th. Citigroup restated a buy rating and set a $83.00 price target (up previously from $82.00) on shares of Lincoln National in a report on Thursday, September 14th. Morgan Stanley raised their price target on Lincoln National from $76.00 to $77.00 and gave the company an equal weight rating in a report on Thursday, October 5th. Finally, Wells Fargo & Company set a $80.00 price target on Lincoln National and gave the company a hold rating in a report on Thursday, November 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. Lincoln National presently has a consensus rating of Hold and a consensus price target of $78.70.
Shares of Lincoln National (NYSE:LNC) opened at $78.54 on Friday. The stock has a market capitalization of $17,186.83, a P/E ratio of 10.38, a P/E/G ratio of 1.18 and a beta of 2.01. Lincoln National has a 12 month low of $61.45 and a 12 month high of $78.73. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.11 and a current ratio of 0.11.
Lincoln National (NYSE:LNC) last issued its earnings results on Wednesday, November 1st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.19. The company had revenue of $3.51 billion for the quarter, compared to the consensus estimate of $3.62 billion. Lincoln National had a return on equity of 11.16% and a net margin of 10.50%. The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter last year, the company earned $1.89 EPS. equities analysts forecast that Lincoln National will post 7.7 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Tuesday, January 9th. This is a boost from Lincoln National’s previous quarterly dividend of $0.29. Lincoln National’s dividend payout ratio (DPR) is currently 18.15%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sun Life Financial INC boosted its holdings in shares of Lincoln National 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 during the period. D.A. Davidson & CO. boosted its holdings in shares of Lincoln National by 8.6% in the 2nd quarter. D.A. Davidson & CO. now owns 1,726 shares of the financial services provider’s stock worth $116,000 after purchasing an additional 136 shares during the period. Valeo Financial Advisors LLC purchased a new position in shares of Lincoln National in the 3rd quarter worth approximately $171,000. Stratos Wealth Partners LTD. purchased a new position in shares of Lincoln National in the 2nd quarter worth approximately $200,000. Finally, Homrich & Berg purchased a new position in shares of Lincoln National in the 2nd quarter worth approximately $204,000. Institutional investors and hedge funds own 80.44% of the company’s stock.
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About Lincoln National
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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