Lincoln National Corporation (NYSE:LNC) was downgraded by ValuEngine from a “strong-buy” rating to a “buy” rating in a research note issued on Thursday.
Other equities research analysts have also recently issued reports about the company. Zacks Investment Research raised Lincoln National Corporation from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research report on Tuesday, August 8th. BidaskClub raised Lincoln National Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Citigroup Inc. reissued a “buy” rating and issued a $83.00 price objective (up from $82.00) on shares of Lincoln National Corporation in a research report on Thursday, September 14th. Royal Bank Of Canada reissued a “buy” rating and issued a $83.00 price objective on shares of Lincoln National Corporation in a research report on Tuesday, October 10th. Finally, Morgan Stanley increased their price objective on Lincoln National Corporation from $76.00 to $77.00 and gave the company an “equal weight” rating in a research report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. Lincoln National Corporation presently has a consensus rating of “Hold” and a consensus target price of $76.70.
Lincoln National Corporation (NYSE LNC) traded down $0.84 on Thursday, hitting $73.49. The stock had a trading volume of 1,112,100 shares, compared to its average volume of 1,169,798. Lincoln National Corporation has a 12 month low of $58.14 and a 12 month high of $77.46. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $16,081.74, a PE ratio of 9.71, a price-to-earnings-growth ratio of 1.11 and a beta of 2.03.
Lincoln National Corporation (NYSE:LNC) last posted its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.19. Lincoln National Corporation had a return on equity of 11.16% and a net margin of 10.50%. The company had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.62 billion. During the same period in the prior year, the business earned $1.89 earnings per share. Lincoln National Corporation’s revenue for the quarter was down .4% compared to the same quarter last year. equities research analysts anticipate that Lincoln National Corporation will post 7.65 EPS for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: “Lincoln National Corporation (LNC) Rating Lowered to Buy at ValuEngine” was published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this story on another website, it was illegally stolen and republished in violation of US & international copyright and trademark law. The correct version of this story can be read at https://www.chaffeybreeze.com/2017/11/12/lincoln-national-corporation-lnc-rating-lowered-to-buy-at-valuengine.html.
Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake in Lincoln National Corporation by 32.0% during the second quarter. JPMorgan Chase & Co. now owns 3,537,245 shares of the financial services provider’s stock worth $239,047,000 after acquiring an additional 857,436 shares in the last quarter. Todd Asset Management LLC raised its stake in Lincoln National Corporation by 57.5% during the second quarter. Todd Asset Management LLC now owns 705,233 shares of the financial services provider’s stock worth $47,659,000 after acquiring an additional 257,581 shares in the last quarter. Prudential Financial Inc. raised its stake in Lincoln National Corporation by 42.2% during the second quarter. Prudential Financial Inc. now owns 961,078 shares of the financial services provider’s stock worth $64,950,000 after acquiring an additional 285,168 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in Lincoln National Corporation by 84.2% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 544,208 shares of the financial services provider’s stock worth $36,777,000 after acquiring an additional 248,800 shares in the last quarter. Finally, Homrich & Berg acquired a new position in Lincoln National Corporation during the second quarter worth $204,000. Hedge funds and other institutional investors own 80.28% of the company’s stock.
About Lincoln National Corporation
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.
Receive News & Ratings for Lincoln National Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lincoln National Corporation and related companies with MarketBeat.com's FREE daily email newsletter.