Lincoln National Corporation (NYSE:LNC)‘s stock had its “hold” rating reaffirmed by equities researchers at Wells Fargo & Company in a report issued on Wednesday, August 2nd.
A number of other brokerages also recently weighed in on LNC. BidaskClub upgraded Lincoln National Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Keefe, Bruyette & Woods restated a “hold” rating on shares of Lincoln National Corporation in a research note on Monday, June 26th. Bank of America Corporation upgraded Lincoln National Corporation from a “neutral” rating to a “buy” rating and set a $78.00 target price on the stock in a research note on Thursday, April 6th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded Lincoln National Corporation from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Monday, June 5th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Lincoln National Corporation presently has an average rating of “Buy” and a consensus price target of $74.10.
Shares of Lincoln National Corporation (NYSE LNC) opened at 72.16 on Wednesday. Lincoln National Corporation has a 1-year low of $44.68 and a 1-year high of $75.78. The company has a market cap of $15.98 billion, a price-to-earnings ratio of 10.99 and a beta of 1.99. The firm has a 50-day moving average price of $70.97 and a 200 day moving average price of $68.21.
Lincoln National Corporation (NYSE:LNC) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.12. Lincoln National Corporation had a return on equity of 10.99% and a net margin of 10.85%. The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.56 billion. During the same quarter in the previous year, the business earned $1.56 EPS. The company’s quarterly revenue was up 8.2% on a year-over-year basis. On average, analysts predict that Lincoln National Corporation will post $7.45 EPS for the current fiscal year.
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In related news, Director Isaiah Tidwell sold 13,946 shares of Lincoln National Corporation stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $65.04, for a total value of $907,047.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.41% of the company’s stock.
Large investors have recently bought and sold shares of the company. Acadian Asset Management LLC boosted its stake in Lincoln National Corporation by 2,466.1% in the first quarter. Acadian Asset Management LLC now owns 413,417 shares of the financial services provider’s stock worth $27,056,000 after buying an additional 397,306 shares during the period. CWM LLC acquired a new stake in shares of Lincoln National Corporation during the second quarter worth about $211,000. American Century Companies Inc. acquired a new stake in shares of Lincoln National Corporation during the first quarter worth about $6,437,000. Henderson Group PLC boosted its stake in shares of Lincoln National Corporation by 2.1% in the first quarter. Henderson Group PLC now owns 29,647 shares of the financial services provider’s stock worth $1,940,000 after buying an additional 600 shares during the last quarter. Finally, Scout Investments Inc. boosted its stake in shares of Lincoln National Corporation by 44.7% in the first quarter. Scout Investments Inc. now owns 566,385 shares of the financial services provider’s stock worth $22,202,000 after buying an additional 174,899 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors.
Lincoln National Corporation Company Profile
Lincoln National Corporation is a holding company, which operates insurance and retirement businesses through subsidiary companies. The Company sells a range of wealth protection, accumulation and retirement income products and solutions, through its business segments. The Company operates through four segments: Annuities segment, which offers fixed (including indexed) and variable annuities; Retirement Plan Services segment, which provides employers with retirement plan products and services; Life Insurance segment, which focuses on the creation and protection of wealth through life insurance products, and Group Protection, which offers principally group non-medical insurance products.
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