Lincoln National Corporation (NYSE:LNC) Receives $46.25 Consensus PT from Brokerages

Shares of Lincoln National Corporation (NYSE:LNC) have received an average rating of “Hold” from the fifteen ratings firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $46.25.

LNC has been the subject of several recent research reports. Zacks Research cut Lincoln National from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 4th. Wells Fargo & Company boosted their target price on shares of Lincoln National from $39.00 to $41.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 13th. Piper Sandler increased their price target on Lincoln National from $42.00 to $48.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 23rd. UBS Group increased their price target on shares of Lincoln National from $42.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Lincoln National in a research note on Monday, December 29th.

Lincoln National Stock Down 1.6%

NYSE:LNC opened at $39.68 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.61. Lincoln National has a 12-month low of $27.58 and a 12-month high of $46.82. The stock’s fifty day simple moving average is $43.15 and its 200-day simple moving average is $41.27. The firm has a market capitalization of $7.54 billion, a P/E ratio of 3.56, a P/E/G ratio of 0.43 and a beta of 1.31.

Lincoln National Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, January 12th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Monday, January 12th. Lincoln National’s payout ratio is 16.16%.

Insider Activity at Lincoln National

In related news, EVP John Christopher Kennedy sold 3,519 shares of Lincoln National stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $44.15, for a total value of $155,363.85. Following the completion of the sale, the executive vice president owned 118,985 shares of the company’s stock, valued at approximately $5,253,187.75. This trade represents a 2.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Owen Ryan bought 2,000 shares of the stock in a transaction dated Wednesday, November 12th. The stock was purchased at an average price of $42.17 per share, with a total value of $84,340.00. Following the acquisition, the director owned 12,000 shares of the company’s stock, valued at $506,040. The trade was a 20.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On Lincoln National

A number of large investors have recently modified their holdings of the company. Norges Bank bought a new stake in Lincoln National in the 2nd quarter worth approximately $87,362,000. Jennison Associates LLC raised its position in shares of Lincoln National by 58.7% in the 4th quarter. Jennison Associates LLC now owns 3,681,158 shares of the financial services provider’s stock worth $163,922,000 after acquiring an additional 1,361,835 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Lincoln National by 6.3% during the 3rd quarter. Vanguard Group Inc. now owns 19,903,720 shares of the financial services provider’s stock valued at $802,717,000 after buying an additional 1,183,934 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Lincoln National by 25.3% in the third quarter. Dimensional Fund Advisors LP now owns 5,730,727 shares of the financial services provider’s stock worth $231,121,000 after purchasing an additional 1,157,599 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in Lincoln National by 21.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,952,166 shares of the financial services provider’s stock valued at $240,051,000 after buying an additional 1,035,505 shares during the last quarter. 72.81% of the stock is currently owned by institutional investors.

About Lincoln National

Lincoln National Corporation, doing business as Lincoln Financial Group, is a diversified financial services holding company focused on providing retirement, insurance, and wealth management solutions in the United States and select international markets. Headquartered in Radnor, Pennsylvania, the company operates through several business segments, including Retirement Plan Services, Life Insurance, and Group Protection. Its offerings are designed to help individuals, families, and institutions plan and prepare for their financial futures.

The Retirement Plan Services segment delivers recordkeeping, administrative services, and investment management for defined contribution and defined benefit plans.