Shares of Lincoln National Co. (NYSE:LNC) have earned a consensus recommendation of “Hold” from the fourteen ratings firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $77.62.

LNC has been the topic of a number of analyst reports. Credit Suisse Group dropped their price objective on shares of Lincoln National from $74.00 to $68.00 and set a “neutral” rating on the stock in a research note on Friday, August 17th. Zacks Investment Research raised shares of Lincoln National from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a research note on Tuesday, July 24th. Royal Bank of Canada reaffirmed a “buy” rating and set a $82.00 price objective on shares of Lincoln National in a research note on Friday, August 3rd. ValuEngine raised shares of Lincoln National from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 22nd. Finally, Goldman Sachs Group raised shares of Lincoln National from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $69.00 to $70.00 in a research note on Monday, September 10th.

Shares of NYSE LNC traded down $0.90 during midday trading on Tuesday, reaching $65.08. 1,159,571 shares of the stock were exchanged, compared to its average volume of 2,030,964. The stock has a market capitalization of $14.09 billion, a price-to-earnings ratio of 8.35 and a beta of 1.90. Lincoln National has a twelve month low of $57.06 and a twelve month high of $86.68. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.19 and a quick ratio of 0.19.

Lincoln National (NYSE:LNC) last issued its quarterly earnings data on Thursday, November 1st. The financial services provider reported $2.34 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.17. The business had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.25 billion. Lincoln National had a net margin of 13.14% and a return on equity of 11.61%. The business’s revenue was up 21.4% on a year-over-year basis. During the same quarter last year, the company earned $1.87 EPS. Analysts anticipate that Lincoln National will post 8.53 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 1st. Investors of record on Thursday, January 10th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, January 9th. This represents a $1.48 dividend on an annualized basis and a yield of 2.27%. This is a boost from Lincoln National’s previous quarterly dividend of $0.33. Lincoln National’s dividend payout ratio (DPR) is currently 16.94%.

A number of institutional investors have recently added to or reduced their stakes in the stock. Bartlett & Co. LLC lifted its holdings in Lincoln National by 6.3% in the 2nd quarter. Bartlett & Co. LLC now owns 12,393 shares of the financial services provider’s stock valued at $771,000 after purchasing an additional 737 shares in the last quarter. Jupiter Asset Management Ltd. lifted its holdings in Lincoln National by 1.8% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 44,873 shares of the financial services provider’s stock valued at $3,035,000 after purchasing an additional 786 shares in the last quarter. Sigma Planning Corp lifted its holdings in Lincoln National by 19.2% in the 2nd quarter. Sigma Planning Corp now owns 4,882 shares of the financial services provider’s stock valued at $304,000 after purchasing an additional 788 shares in the last quarter. Franklin Street Advisors Inc. NC lifted its holdings in Lincoln National by 16.7% in the 3rd quarter. Franklin Street Advisors Inc. NC now owns 6,026 shares of the financial services provider’s stock valued at $408,000 after purchasing an additional 863 shares in the last quarter. Finally, AGF Investments Inc. lifted its holdings in Lincoln National by 0.3% in the 3rd quarter. AGF Investments Inc. now owns 295,876 shares of the financial services provider’s stock valued at $20,019,000 after purchasing an additional 878 shares in the last quarter. 81.55% of the stock is currently owned by hedge funds and other institutional investors.

Lincoln National Company Profile

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The company sells a range of wealth protection, accumulation, and retirement income products and solutions.

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Analyst Recommendations for Lincoln National (NYSE:LNC)

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