2 weeks Ago By ABMN Staff
Lincoln National Co. ( NYSE:LNC – Get Free Report ) has been given a consensus recommendation of “Hold” by the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and two have assigned a buy recommendation to the company.
The average 12 month price target among brokers that have issued ratings on the stock in the last year is $32.64. A number of equities research analysts recently issued reports on the stock.
Morgan Stanley dropped their target price 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.
JPMorgan Chase & Co. boosted their target price on Lincoln National from $28.00 to $34.
00 and gave the stock an “underweight” rating in a report on Tuesday, July 2nd. Jefferies Financial Group increased their price target on Lincoln National from $34.00 to $38.
00 and gave the stock a “buy” rating in a research report on Friday, June 28th. Bank of America cut their price objective on Lincoln National from $32.00 to $31.
00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. Finally, Barclays started coverage on Lincoln National in a report on Wednesday, September 4th. They set an “equal weight” rating and a $35.
00 target price on the stock. Check Out Our Latest Stock Analysis on Lincoln National Lincoln National Trading Up 0.1 % Lincoln National ( NYSE:LNC – Get Free Report ) last announced its quarterly earnings results on Thursday, August 1st.
The financial services provider reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.
07. The firm had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $4.
65 billion. Lincoln National had a return on equity of 17.13% and a net margin of 12.
24%. During the same period in the prior year, the business posted $2.02 earnings per share.
Equities analysts anticipate that Lincoln National will post 5.71 earnings per share for the current fiscal year. Lincoln National Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st.
Shareholders of record on Thursday, October 10th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, October 10th.
This represents a $1.80 annualized dividend and a yield of 5.73%.
Lincoln National’s dividend payout ratio is currently 24.62%. Hedge Funds Weigh In On Lincoln National Several large investors have recently bought and sold shares of the business.
Central Pacific Bank Trust Division acquired a new position in shares of Lincoln National in the 1st quarter valued at $25,000. Whittier Trust Co. boosted its holdings in Lincoln National by 106.
7% during the second quarter. Whittier Trust Co. now owns 835 shares of the financial services provider’s stock worth $26,000 after buying an additional 431 shares during the last quarter.
Brown Brothers Harriman & Co. acquired a new position in shares of Lincoln National during the 4th quarter worth about $27,000. Adirondack Trust Co.
bought a new stake in shares of Lincoln National in the 2nd quarter valued at about $31,000. Finally, Allspring Global Investments Holdings LLC increased its stake 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 acquiring an additional 873 shares during the last quarter. 72.81% of the stock is currently owned by institutional investors and hedge funds.
About Lincoln National ( Get Free Report 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.
Further Reading Receive News & Ratings for Lincoln National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lincoln National and related companies with MarketBeat.com's FREE daily email newsletter ..
