JPMorgan Chase & Co. Lowers Lincoln National (NYSE:LNC) Price Target to $40.00

Lincoln National (NYSE:LNC) had its price objective decreased by investment analysts at JPMorgan Chase & Co. from $42.00 to $40.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “underweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 11.80% from the company’s previous close.

LNC has been the subject of a number of other reports. Bank of America dropped their target price on Lincoln National from $41.00 to $37.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. Morgan Stanley dropped their target price on Lincoln National from $50.00 to $46.00 and set an “overweight” rating for the company in a report on Tuesday, March 3rd. TD Cowen decreased their price target on Lincoln National from $43.00 to $38.00 and set a “hold” rating on the stock in a research report on Monday, March 9th. UBS Group decreased their price target on Lincoln National from $43.00 to $37.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Finally, Mizuho decreased their price target on Lincoln National from $54.00 to $48.00 and set an “outperform” rating on the stock in a research report on Monday, April 13th. Six equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lincoln National has an average rating of “Hold” and an average price target of $43.71.

Lincoln National Trading Down 0.4%

Shares of LNC opened at $35.78 on Thursday. Lincoln National has a 1 year low of $31.61 and a 1 year high of $46.82. The company has a current ratio of 0.25, a quick ratio of 0.27 and a debt-to-equity ratio of 0.65. The stock has a 50 day simple moving average of $35.29 and a 200-day simple moving average of $39.52. The stock has a market cap of $6.84 billion, a PE ratio of 4.15, a PEG ratio of 2.29 and a beta of 1.20.

Lincoln National (NYSE:LNC) last issued its earnings results on Thursday, May 7th. The financial services provider reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.08. Lincoln National had a return on equity of 18.07% and a net margin of 9.17%.The business had revenue of $4.87 billion during the quarter, compared to analysts’ expectations of $4.93 billion. During the same period in the prior year, the firm posted $1.60 EPS. Lincoln National’s quarterly revenue was up 13.1% compared to the same quarter last year. On average, sell-side analysts predict that Lincoln National will post 7.78 EPS for the current fiscal year.

Insider Buying and Selling at Lincoln National

In other Lincoln National news, EVP James Waltman Reid sold 3,050 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $41.81, for a total value of $127,520.50. Following the transaction, the executive vice president directly owned 118,567 shares in the company, valued at approximately $4,957,286.27. This trade represents a 2.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Sean Woodroffe sold 10,000 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $34.46, for a total value of $344,600.00. Following the completion of the transaction, the executive vice president owned 206,159 shares in the company, valued at $7,104,239.14. The trade was a 4.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 21,050 shares of company stock worth $734,041. Insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in Lincoln National by 24.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,755,506 shares of the financial services provider’s stock valued at $275,304,000 after buying an additional 1,522,179 shares during the last quarter. Parallel Advisors LLC boosted its position in Lincoln National by 33.1% in the 1st quarter. Parallel Advisors LLC now owns 3,669 shares of the financial services provider’s stock valued at $130,000 after buying an additional 912 shares during the last quarter. Swiss National Bank boosted its position in Lincoln National by 0.5% in the 1st quarter. Swiss National Bank now owns 338,200 shares of the financial services provider’s stock valued at $12,006,000 after buying an additional 1,800 shares during the last quarter. Jennison Associates LLC boosted its position in Lincoln National by 3.9% in the 1st quarter. Jennison Associates LLC now owns 3,823,152 shares of the financial services provider’s stock valued at $135,722,000 after buying an additional 141,994 shares during the last quarter. Finally, Assetmark Inc. boosted its position in Lincoln National by 19.4% in the 1st quarter. Assetmark Inc. now owns 6,088 shares of the financial services provider’s stock valued at $216,000 after buying an additional 988 shares during the last quarter. 72.81% of the stock is currently owned by institutional investors.

Trending Headlines about Lincoln National

Here are the key news stories impacting Lincoln National this week:

• Positive Sentiment: Lincoln National reported Q1 adjusted EPS of $1.66, topping Wall Street estimates and showing improvement from the prior year, which supports the case for stronger underlying profitability. Lincoln National earnings report
• Positive Sentiment: Revenue rose 13.1% year over year to $4.87 billion, suggesting solid business growth despite a tougher market backdrop. Lincoln National earnings report
• Positive Sentiment: A new API integration with Centro Benefits Research should streamline RFP and quoting workflows, potentially improving efficiency and broker experience over time. Centro and Lincoln API integration announcement
• Neutral Sentiment: Several recaps described the quarter as a mix of earnings momentum and market headwinds, with profitability improving but not fully offsetting broader pressure on the business. TipRanks earnings call summary
• Negative Sentiment: JPMorgan lowered its price target on LNC to $40 and kept an underweight rating, which may be weighing on sentiment despite the earnings beat. Benzinga report on JPMorgan target cut
• Negative Sentiment: Lincoln National’s revenue came in slightly below consensus, and one headline noted the quarter as a loss despite stronger operating gains, highlighting the tension between top-line growth and profitability. TipRanks Q1 loss and operating gains summary

Lincoln National Company Profile

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.