Lincoln National (NYSE:LNC) Raised to “Hold” at StockNews.com

Lincoln National (NYSE:LNC) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Thursday.

LNC has been the topic of several other reports. Barclays increased 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. Piper Sandler dropped their target price on Lincoln National from $37.00 to $34.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 2nd. Morgan Stanley reduced their price target on shares of 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. Wells Fargo & Company raised their price objective on shares of Lincoln National from $28.00 to $29.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Finally, Bank of America reduced their target price on shares of Lincoln National from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $33.00.

Lincoln National Stock Up 12.4 %

LNC stock opened at $36.85 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.27 and a quick ratio of 0.27. Lincoln National has a 1-year low of $21.59 and a 1-year high of $36.98. The stock has a market capitalization of $6.28 billion, a P/E ratio of 26.32, a P/E/G ratio of 0.33 and a beta of 1.79. The business has a fifty day moving average price of $31.71 and a 200-day moving average price of $31.23.

Lincoln National (NYSE:LNC) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $2.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.42. Lincoln National had a net margin of 2.51% and a return on equity of 18.15%. The firm had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.61 billion. During the same quarter last year, the firm posted $0.23 EPS. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. Equities analysts forecast that Lincoln National will post 5.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Central Pacific Bank Trust Division bought a new stake in Lincoln National during the 1st quarter valued at $25,000. Whittier Trust Co. lifted its stake in 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 acquiring an additional 431 shares during the period. Adirondack Trust Co. bought a new position in Lincoln National during the 2nd quarter worth about $31,000. Blue Trust Inc. increased 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 purchasing an additional 905 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of 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 valued at $39,000 after purchasing an additional 873 shares in the last quarter. Institutional investors own 72.81% of the company’s stock.

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.