Analysts Set Lincoln National Co. (NYSE:LNC) PT at $33.00

Lincoln National Co. (NYSE:LNC) has been given an average rating of “Hold” by the twelve ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $33.00.

A number of analysts recently weighed in on LNC shares. Piper Sandler decreased their target price on shares of Lincoln National from $37.00 to $34.00 and set a “neutral” rating on the stock in a report on Wednesday, October 2nd. Jefferies Financial Group upped their price target on shares of Lincoln National from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, June 28th. Bank of America dropped their price objective on Lincoln National from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, July 11th. Morgan Stanley reduced their target price on Lincoln National from $30.00 to $29.00 and set an “equal weight” rating for the company in a research report on Monday, August 19th. Finally, Barclays raised their price target on Lincoln National from $35.00 to $36.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th.

Lincoln National Price Performance

Lincoln National stock opened at $33.02 on Friday. The firm has a market capitalization of $5.61 billion, a P/E ratio of 4.52, a PEG ratio of 0.31 and a beta of 1.81. Lincoln National has a one year low of $20.85 and a one year high of $36.46. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.27 and a quick ratio of 0.27. The business has a fifty day moving average price of $31.26 and a 200-day moving average price of $30.88.

Lincoln National (NYSE:LNC) last issued its earnings results on Thursday, August 1st. The financial services provider reported $1.84 EPS for the quarter, topping the consensus estimate of $1.77 by $0.07. Lincoln National had a return on equity of 17.13% and a net margin of 12.24%. The business had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $4.65 billion. During the same quarter last year, the company earned $2.02 EPS. As a group, equities research analysts forecast that Lincoln National will post 5.73 EPS for the current year.

Lincoln National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date is Thursday, October 10th. Lincoln National’s payout ratio is currently 24.62%.

Hedge Funds Weigh In On Lincoln National

A number of large investors have recently added to or reduced their stakes in LNC. Central Pacific Bank Trust Division purchased a new position in Lincoln National in the 1st quarter worth approximately $25,000. Whittier Trust Co. increased its stake in shares of Lincoln National by 106.7% in the second quarter. Whittier Trust Co. now owns 835 shares of the financial services provider’s stock worth $26,000 after buying an additional 431 shares during the period. Adirondack Trust Co. bought a new stake in Lincoln National during the 2nd quarter valued at $31,000. Blue Trust Inc. boosted its position in Lincoln National by 535.5% during the 3rd quarter. Blue Trust Inc. now owns 1,074 shares of the financial services provider’s stock valued at $33,000 after buying an additional 905 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in Lincoln National by 249.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,223 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 873 shares during the last quarter. Hedge funds and other 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.