Lincoln National Co. (NYSE:LNC) Given Average Recommendation of “Hold” by Brokerages

Lincoln National Co. (NYSE:LNC) has received a consensus recommendation of “Hold” from the twelve research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $33.25.

A number of equities analysts recently commented on LNC shares. Piper Sandler decreased their target price on Lincoln National from $37.00 to $34.00 and set a “neutral” rating on the stock in a report on Wednesday, October 2nd. Wells Fargo & Company raised their price objective on Lincoln National from $28.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Barclays cut their price objective on Lincoln National from $38.00 to $36.00 and set an “equal weight” rating for the company in a research note on Monday. TD Cowen raised their target price on shares of Lincoln National from $34.00 to $37.00 and gave the stock a “hold” rating in a research note on Wednesday, November 27th. Finally, StockNews.com raised shares of Lincoln National from a “sell” rating to a “hold” rating in a report on Thursday, November 7th.

Lincoln National Trading Down 0.7 %

Lincoln National stock opened at $31.77 on Friday. Lincoln National has a 52-week low of $25.09 and a 52-week high of $36.98. The company has a market cap of $5.41 billion, a P/E ratio of 22.69, a P/E/G ratio of 0.29 and a beta of 1.78. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.73. The business has a 50-day simple moving average of $33.64 and a two-hundred day simple moving average of $32.23.

Lincoln National (NYSE:LNC) last announced its earnings results on Thursday, October 31st. The financial services provider reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.42. Lincoln National had a net margin of 2.51% and a return on equity of 18.15%. The company had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.61 billion. During the same period in the previous year, the business posted $0.23 earnings per share. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. Analysts predict that Lincoln National will post 7.03 EPS for the current year.

Lincoln National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be given a $0.45 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.67%. Lincoln National’s dividend payout ratio is currently 128.57%.

Insider Activity at Lincoln National

In related news, EVP John Christopher Kennedy sold 2,863 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $36.00, for a total value of $103,068.00. Following the sale, the executive vice president now owns 99,644 shares in the company, valued at approximately $3,587,184. The trade was a 2.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.54% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lincoln National

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Blue Trust Inc. grew its position in Lincoln National by 535.5% in the third quarter. Blue Trust Inc. now owns 1,074 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 905 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of Lincoln National by 95.3% in the 3rd quarter. Larson Financial Group LLC now owns 1,086 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 530 shares during the last quarter. Eastern Bank purchased a new position in shares of Lincoln National in the 3rd quarter worth approximately $40,000. Meeder Asset Management Inc. bought a new position in shares of Lincoln National during the 3rd quarter valued at approximately $48,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in Lincoln National by 67.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,044 shares of the financial services provider’s stock valued at $64,000 after buying an additional 821 shares during the period. 72.81% of the stock is owned by hedge funds and other institutional investors.

About Lincoln National

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates in four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders.