Lincoln National Co. (NYSE:LNC) has been given an average rating of “Hold” by the thirteen analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $76.00.
A number of brokerages recently commented on LNC. UBS Group increased their price target on Tableau Software to $134.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Goldman Sachs Group set a GBX 6,870 ($89.77) price target on Reckitt Benckiser Group and gave the company a “neutral” rating in a report on Tuesday, June 25th. JPMorgan Chase & Co. set a €28.20 ($32.79) price target on AXA and gave the company a “buy” rating in a report on Thursday, May 2nd. Finally, Zacks Investment Research downgraded HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 21st.
In other Lincoln National news, Director Gary C. Kelly sold 17,040 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $66.63, for a total transaction of $1,135,375.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Kenneth S. Solon sold 11,738 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $64.39, for a total value of $755,809.82. The disclosure for this sale can be found here. Insiders sold 45,206 shares of company stock valued at $2,920,586 in the last three months. 1.50% of the stock is currently owned by company insiders.
Shares of NYSE LNC traded down $0.25 on Friday, hitting $65.88. The company had a trading volume of 965,028 shares, compared to its average volume of 1,218,594. Lincoln National has a 12-month low of $48.07 and a 12-month high of $71.27. The company has a 50 day moving average price of $64.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.19 and a quick ratio of 0.19. The firm has a market cap of $13.33 billion, a price-to-earnings ratio of 7.77, a P/E/G ratio of 0.79 and a beta of 1.89.
Lincoln National (NYSE:LNC) last issued its earnings results on Wednesday, May 1st. The financial services provider reported $2.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.08 by $0.06. Lincoln National had a return on equity of 12.32% and a net margin of 9.02%. The company had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.25 billion. During the same quarter in the prior year, the business earned $1.97 earnings per share. The company’s revenue was up 19.7% compared to the same quarter last year. Equities research analysts predict that Lincoln National will post 9.27 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 10th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Tuesday, July 9th. Lincoln National’s dividend payout ratio is currently 17.45%.
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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