Shares of Lincoln National Co. (NYSE:LNC) have been given a consensus rating of “Hold” by the thirteen analysts that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $74.55.
A number of research firms have weighed in on LNC. UBS Group raised their target price on shares of Lincoln National from $62.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday. ValuEngine raised shares of Lincoln National from a “strong sell” rating to a “sell” rating in a research note on Wednesday, February 27th. Zacks Investment Research lowered shares of Lincoln National from a “hold” rating to a “sell” rating in a research note on Wednesday, January 23rd. Finally, Wells Fargo & Co began coverage on shares of Lincoln National in a research note on Tuesday, January 8th. They issued a “market perform” rating and a $63.00 target price on the stock.
LNC stock traded up $1.05 during trading on Friday, hitting $64.95. The stock had a trading volume of 794,675 shares, compared to its average volume of 1,840,949. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.41. Lincoln National has a twelve month low of $48.07 and a twelve month high of $74.17. The stock has a market cap of $12.86 billion, a price-to-earnings ratio of 7.66, a PEG ratio of 0.77 and a beta of 1.91.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Tuesday, April 9th. Lincoln National’s payout ratio is presently 17.45%.
In related news, CEO Dennis R. Glass sold 10,000 shares of Lincoln National stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $60.49, for a total value of $604,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jamie Ohl sold 7,263 shares of Lincoln National stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $61.70, for a total transaction of $448,127.10. Following the completion of the sale, the executive vice president now owns 23,159 shares of the company’s stock, valued at approximately $1,428,910.30. The disclosure for this sale can be found here. 6.31% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the stock. NuWave Investment Management LLC increased its holdings in Lincoln National by 603.1% in the 1st quarter. NuWave Investment Management LLC now owns 450 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 386 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in Lincoln National by 169.6% in the 4th quarter. Proficio Capital Partners LLC now owns 585 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 368 shares during the last quarter. Flagship Harbor Advisors LLC increased its holdings in Lincoln National by 718.5% in the 4th quarter. Flagship Harbor Advisors LLC now owns 753 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 661 shares during the last quarter. Lindbrook Capital LLC acquired a new stake in Lincoln National in the 4th quarter valued at approximately $44,000. Finally, Arlington Partners LLC acquired a new stake in Lincoln National in the 4th quarter valued at approximately $47,000. Hedge funds and other institutional investors own 84.13% of the company’s stock.
About Lincoln National
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 Annuities segment offers variable, fixed, and indexed variable annuities.
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