Lincoln National (NYSE: LNC) recently received a number of ratings updates from brokerages and research firms:

  • 11/20/2018 – Lincoln National was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Lincoln National is poised to grow on the back of its increasing top line, strong performance of the Life Insurance Segment, Annuities and Group Protection business. It has also streamlined its business by axing unprofitable and non-core lines. However, increased expense, driven by investment in technology, will dent margins for the next several quarters. High leverage is another cause for concern. Shares of the company have lost value in a year's time but have fared better than the industry. Lincoln National’s earnings of $2.34 per share beat the Zacks Consensus Estimate by 7.8% and grew 15.3% year over year, mainly led by double-digit earnings growth across all business lines as well as strategic investments such as Liberty acquisition. Earnings were also supported by the company’s operational efficiency and disciplined capital management.”
  • 11/15/2018 – Lincoln National was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $72.00 price target on the stock. According to Zacks, ” Lincoln National is poised to grow on the back of its increasing top line, strong performance of the Life Insurance Segment, Annuities and Group Protection business. It has also streamlined its business by axing unprofitable and non-core lines. However, increased expense, driven by investment in technology, will dent margins for the next several quarters. High leverage is another cause for concern. Shares of the company have lost value in a year's time but have fared better than the industry. Lincoln National’s earnings of $2.34 per share beat the Zacks Consensus Estimate by 7.8% and grew 15.3% year over year, mainly led by double-digit earnings growth across all business lines as well as strategic investments such as Liberty acquisition. Earnings were also supported by the company’s operational efficiency and disciplined capital management.”
  • 11/14/2018 – Lincoln National was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, ” Lincoln National is poised to grow on the back of its increasing top line, strong performance of the Life Insurance Segment, Annuities and Group Protection business. It has also streamlined its business by axing unprofitable and non-core lines. However, increased expense, driven by investment in technology, will dent margins for the next several quarters. High leverage is another cause for concern. Shares of the company have lost value in a year's time but have fared better than the industry. Lincoln National’s earnings of $2.34 per share beat the Zacks Consensus Estimate by 7.8% and grew 15.3% year over year, mainly led by double-digit earnings growth across all business lines as well as strategic investments such as Liberty acquisition. Earnings were also supported by the company’s operational efficiency and disciplined capital management.”
  • 11/13/2018 – Lincoln National was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 11/13/2018 – Lincoln National had its price target lowered by analysts at Morgan Stanley from $76.00 to $74.00. They now have an “equal weight” rating on the stock.
  • 11/5/2018 – Lincoln National was upgraded by analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating. They now have a $80.00 price target on the stock.
  • 11/5/2018 – Lincoln National had its price target lowered by analysts at Deutsche Bank AG from $74.00 to $73.00. They now have a “buy” rating on the stock.
  • 11/2/2018 – Lincoln National had its price target lowered by analysts at Bank of America Corp from $79.00 to $75.00. They now have a “buy” rating on the stock.
  • 10/24/2018 – Lincoln National was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 10/8/2018 – Lincoln National had its price target raised by analysts at UBS Group AG from $73.00 to $74.00. They now have a “neutral” rating on the stock.
  • 10/8/2018 – Lincoln National was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $78.00 price target on the stock. According to Zacks, “Lincoln National is poised to grow on the back of its increasing top line, strong performance of the Life Insurance Segment, Annuities and Group Protection business. In order to shield itself from long-term claims variability, the company has been emphasizing on the sale of Life products without long-term guarantees. It has also streamlined its business by axing unprofitable and non-core lines. However, increased expense, driven by investment in technology, will dent margins over the next several quarters. High leverage is another cause for concern. The shares of the company have lost value in  a year's time but have fared better than the industry, in a year's time.”

LNC stock traded down $2.15 during mid-day trading on Tuesday, reaching $60.78. The company’s stock had a trading volume of 185,347 shares, compared to its average volume of 2,066,309. The company has a market cap of $13.46 billion, a P/E ratio of 7.80 and a beta of 1.90. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.19 and a current ratio of 0.19. Lincoln National Co. has a 12 month low of $57.06 and a 12 month high of $86.68.

Lincoln National (NYSE:LNC) last issued its earnings results on Thursday, November 1st. The financial services provider reported $2.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.17 by $0.17. The business had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.25 billion. Lincoln National had a return on equity of 11.61% and a net margin of 13.14%. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.87 earnings per share. On average, research analysts predict that Lincoln National Co. will post 8.56 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 1st. Shareholders of record on Thursday, January 10th will be issued a $0.37 dividend. This is an increase from Lincoln National’s previous quarterly dividend of $0.33. This represents a $1.48 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date is Wednesday, January 9th. Lincoln National’s payout ratio is presently 16.94%.

A number of hedge funds have recently modified their holdings of the business. Standard Life Aberdeen plc increased its holdings in shares of Lincoln National by 7.7% during the third quarter. Standard Life Aberdeen plc now owns 89,161 shares of the financial services provider’s stock valued at $6,033,000 after acquiring an additional 6,357 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Lincoln National by 8.5% during the third quarter. Nordea Investment Management AB now owns 268,753 shares of the financial services provider’s stock valued at $18,182,000 after acquiring an additional 21,060 shares in the last quarter. Kentucky Retirement Systems bought a new stake in shares of Lincoln National during the third quarter valued at approximately $1,118,000. Captrust Financial Advisors increased its holdings in shares of Lincoln National by 66.8% during the third quarter. Captrust Financial Advisors now owns 4,086 shares of the financial services provider’s stock valued at $276,000 after acquiring an additional 1,637 shares in the last quarter. Finally, National Pension Service increased its holdings in shares of Lincoln National by 0.7% during the third quarter. National Pension Service now owns 259,911 shares of the financial services provider’s stock valued at $17,586,000 after acquiring an additional 1,723 shares in the last quarter. Institutional investors and hedge funds own 82.85% of the company’s stock.

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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