Lincoln National (NYSE:LNC) PT Raised to $34.00

Lincoln National (NYSE:LNC) had its target price raised by investment analysts at Piper Sandler from $30.00 to $34.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Piper Sandler’s price target points to a potential upside of 9.32% from the stock’s previous close.

A number of other research analysts also recently issued reports on LNC. JPMorgan Chase & Co. upped their price objective on Lincoln National from $26.00 to $29.00 and gave the company an “underweight” rating in a research note on Tuesday, April 2nd. Keefe, Bruyette & Woods increased their price target on shares of Lincoln National from $30.00 to $32.00 and gave the company a “market perform” rating in a research report on Wednesday, April 10th. StockNews.com upgraded shares of Lincoln National from a “sell” rating to a “hold” rating in a research report on Monday, April 15th. Jefferies Financial Group upgraded shares of Lincoln National from a “hold” rating to a “buy” rating and increased their target price for the stock from $26.00 to $34.00 in a research report on Wednesday, May 22nd. Finally, Wells Fargo & Company lowered their price target on shares of Lincoln National from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Friday, May 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Lincoln National currently has an average rating of “Hold” and an average price target of $30.70.

Lincoln National Trading Down 0.4 %

NYSE:LNC opened at $31.10 on Friday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $5.29 billion, a price-to-earnings ratio of 4.25, a PEG ratio of 0.25 and a beta of 1.85. The firm has a fifty day simple moving average of $30.59 and a two-hundred day simple moving average of $28.83. Lincoln National has a 12 month low of $20.85 and a 12 month high of $33.33.

Lincoln National (NYSE:LNC) last released its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.27. Lincoln National had a net margin of 11.31% and a return on equity of 19.50%. The firm had revenue of $4.58 billion for the quarter, compared to analyst estimates of $4.64 billion. Analysts expect that Lincoln National will post 6 EPS for the current fiscal year.

Insiders Place Their Bets

In other Lincoln National news, EVP Sean Woodroffe sold 55,127 shares of Lincoln National stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $32.57, for a total transaction of $1,795,486.39. Following the transaction, the executive vice president now directly owns 198,255 shares of the company’s stock, valued at $6,457,165.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LNC. Abich Financial Wealth Management LLC boosted its holdings in Lincoln National by 49.9% in the first quarter. Abich Financial Wealth Management LLC now owns 1,577 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 525 shares in the last quarter. Keynote Financial Services LLC purchased a new position in Lincoln National during the first quarter valued at $1,135,000. Pathway Financial Advisers LLC purchased a new position in Lincoln National during the first quarter valued at $45,000. Cetera Advisors LLC lifted its position in Lincoln National by 48.1% during the first quarter. Cetera Advisors LLC now owns 20,503 shares of the financial services provider’s stock valued at $655,000 after buying an additional 6,655 shares during the period. Finally, Cetera Investment Advisers lifted its position in Lincoln National by 384.0% during the first quarter. Cetera Investment Advisers now owns 59,634 shares of the financial services provider’s stock valued at $1,904,000 after buying an additional 47,312 shares during the period. Institutional investors own 72.81% of the company’s stock.

Lincoln National Company Profile

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.