Analysts Set Lincoln National Co. (NYSE:LNC) Target Price at $76.00

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.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Gemmer Asset Management LLC raised its stake in Lincoln National by 89.7% during the first quarter. Gemmer Asset Management LLC now owns 423 shares of the financial services provider’s stock valued at $25,000 after buying an additional 200 shares in the last quarter. NuWave Investment Management LLC raised its stake in Lincoln National by 603.1% during the first quarter. NuWave Investment Management LLC now owns 450 shares of the financial services provider’s stock valued at $26,000 after buying an additional 386 shares in the last quarter. Horan Capital Advisors LLC. acquired a new stake in Lincoln National during the first quarter valued at approximately $34,000. Cullen Frost Bankers Inc. acquired a new stake in Lincoln National during the first quarter valued at approximately $51,000. Finally, Investors Research Corp acquired a new stake in Lincoln National during the first quarter valued at approximately $76,000. Hedge funds and other institutional investors own 80.60% of the company’s stock.

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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Analyst Recommendations for Lincoln National (NYSE:LNC)

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