Lincoln National Corporation (LNC) Rating Lowered to Buy at ValuEngine

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.

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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.

Analyst Recommendations for Lincoln National Corporation (NYSE:LNC)

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