Lincoln National (LNC) Upgraded to Overweight by JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Lincoln National (NYSE:LNC) from a neutral rating to an overweight rating in a research note released on Tuesday morning. The firm currently has $87.00 price objective on the financial services provider’s stock.

Other analysts have also issued reports about the stock. Citigroup restated a buy rating and set a $83.00 price target (up from $82.00) on shares of Lincoln National in a research report on Thursday, September 14th. Zacks Investment Research upgraded shares of Lincoln National from a hold rating to a buy rating and set a $74.00 price target for the company in a research report on Tuesday, September 12th. Royal Bank of Canada restated a buy rating and set a $83.00 price target on shares of Lincoln National in a research report on Tuesday, October 10th. ValuEngine lowered shares of Lincoln National from a strong-buy rating to a buy rating in a research report on Thursday, November 9th. Finally, Morgan Stanley upped their price target on shares of Lincoln National from $77.00 to $79.00 and gave the company an equal weight rating in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $82.09.

Lincoln National (NYSE LNC) traded down $0.36 during midday trading on Tuesday, reaching $77.55. 1,326,871 shares of the company’s stock traded hands, compared to its average volume of 1,334,640. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.30. Lincoln National has a twelve month low of $61.45 and a twelve month high of $78.74. The stock has a market capitalization of $16,980.00, a price-to-earnings ratio of 12.10, a price-to-earnings-growth ratio of 1.13 and a beta of 2.01.

Lincoln National (NYSE:LNC) last posted its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.19. Lincoln National had a net margin of 11.83% and a return on equity of 10.38%. The business had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.62 billion. During the same period in the prior year, the business posted $1.89 earnings per share. The company’s revenue was down .4% on a year-over-year basis. equities analysts expect that Lincoln National will post 7.7 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be issued a dividend of $0.33 per share. This is a positive change from Lincoln National’s previous quarterly dividend of $0.29. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Tuesday, January 9th. Lincoln National’s dividend payout ratio is currently 18.10%.

Several institutional investors have recently bought and sold shares of the company. Krilogy Financial LLC boosted its holdings in shares of Lincoln National by 1.2% during the second quarter. Krilogy Financial LLC now owns 3,460 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 40 shares during the period. Synovus Financial Corp boosted its holdings in shares of Lincoln National by 1.1% during the second quarter. Synovus Financial Corp now owns 11,803 shares of the financial services provider’s stock worth $798,000 after purchasing an additional 128 shares during the period. D.A. Davidson & CO. boosted its holdings in shares of Lincoln National by 8.6% during the second quarter. D.A. Davidson & CO. now owns 1,726 shares of the financial services provider’s stock worth $116,000 after purchasing an additional 136 shares during the period. Pacad Investment Ltd. boosted its holdings in shares of Lincoln National by 2.6% during the second quarter. Pacad Investment Ltd. now owns 7,351 shares of the financial services provider’s stock worth $497,000 after purchasing an additional 183 shares during the period. Finally, Altavista Wealth Management Inc. boosted its holdings in shares of Lincoln National by 0.3% during the second quarter. Altavista Wealth Management Inc. now owns 66,979 shares of the financial services provider’s stock worth $4,526,000 after purchasing an additional 188 shares during the period. Institutional investors own 80.32% of the company’s stock.

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Lincoln National Company Profile

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 (NYSE:LNC)

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