Lincoln National Co. (LNC) Given Average Recommendation of “Hold” by Brokerages

Lincoln National Co. (NYSE:LNC) has been given a consensus rating of “Hold” by the fourteen ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $80.15.

A number of equities research analysts have recently weighed in on LNC shares. Credit Suisse Group dropped their target price on Lincoln National from $74.00 to $68.00 and set a “neutral” rating for the company in a research report on Friday, August 17th. Zacks Investment Research upgraded Lincoln National from a “hold” rating to a “buy” rating and set a $73.00 target price for the company in a research report on Tuesday, July 24th. ValuEngine downgraded Lincoln National from a “sell” rating to a “strong sell” rating in a research report on Monday, July 2nd. Morgan Stanley dropped their target price on Lincoln National from $79.00 to $78.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 11th. Finally, Royal Bank of Canada restated a “buy” rating and set a $82.00 target price on shares of Lincoln National in a research report on Friday, August 3rd.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Point72 Asia Hong Kong Ltd bought a new stake in Lincoln National in the first quarter valued at about $111,000. CX Institutional acquired a new position in Lincoln National in the second quarter valued at about $117,000. Mark Sheptoff Financial Planning LLC acquired a new position in Lincoln National in the second quarter valued at about $128,000. Whittier Trust Co. grew its stake in Lincoln National by 38.7% in the second quarter. Whittier Trust Co. now owns 3,288 shares of the financial services provider’s stock valued at $169,000 after acquiring an additional 917 shares during the period. Finally, Trilogy Capital Inc. acquired a new position in Lincoln National in the second quarter valued at about $181,000. Institutional investors and hedge funds own 80.88% of the company’s stock.

LNC traded up $0.20 during trading on Friday, hitting $64.00. The company’s stock had a trading volume of 1,752,500 shares, compared to its average volume of 1,546,484. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.19 and a current ratio of 0.19. Lincoln National has a 12 month low of $61.18 and a 12 month high of $86.68. The company has a market cap of $14.22 billion, a price-to-earnings ratio of 8.24 and a beta of 1.96.

Lincoln National (NYSE:LNC) last issued its quarterly earnings data on Wednesday, August 1st. The financial services provider reported $2.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.10 by ($0.08). The business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4 billion. Lincoln National had a net margin of 13.31% and a return on equity of 11.04%. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.85 EPS. As a group, research analysts predict that Lincoln National will post 8.4 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 1st. Investors of record on Wednesday, October 10th will be issued a $0.33 dividend. The ex-dividend date is Tuesday, October 9th. This represents a $1.32 dividend on an annualized basis and a yield of 2.06%. Lincoln National’s dividend payout ratio is presently 16.94%.

About Lincoln National

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The company sells a range of wealth protection, accumulation, and retirement income products and solutions.

Read More: Earnings Per Share (EPS) Explained

Analyst Recommendations for Lincoln National (NYSE:LNC)

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