Lincoln National (LNC) Set to Announce Earnings on Thursday

Lincoln National (NYSE:LNCGet Free Report) is scheduled to be releasing its earnings data before the market opens on Thursday, February 8th. Analysts expect Lincoln National to post earnings of $1.41 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Lincoln National Stock Performance

Shares of NYSE LNC opened at $26.82 on Wednesday. The stock has a fifty day moving average price of $26.79 and a two-hundred day moving average price of $25.44. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.19 and a current ratio of 0.19. The firm has a market cap of $4.55 billion, a P/E ratio of 11.32 and a beta of 1.81. Lincoln National has a 1 year low of $18.50 and a 1 year high of $36.21.

Lincoln National Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 6.71%. The ex-dividend date of this dividend was Tuesday, January 9th. Lincoln National’s payout ratio is currently 75.95%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LNC. Evercore ISI increased their price target on Lincoln National from $26.00 to $29.00 and gave the company an “in-line” rating in a research note on Friday, December 15th. JPMorgan Chase & Co. lowered Lincoln National from a “neutral” rating to an “underweight” rating and set a $26.00 price objective for the company. in a research note on Wednesday, January 3rd. UBS Group raised their price objective on Lincoln National from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 10th. Morgan Stanley reduced their price objective on Lincoln National from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, November 2nd. Finally, StockNews.com raised Lincoln National from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Lincoln National presently has a consensus rating of “Hold” and a consensus price target of $26.20.

Get Our Latest Report on LNC

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of LNC. American Century Companies Inc. boosted its position in Lincoln National by 53.8% during the third quarter. American Century Companies Inc. now owns 46,753 shares of the financial services provider’s stock valued at $1,154,000 after purchasing an additional 16,358 shares during the last quarter. Comerica Bank boosted its position in Lincoln National by 662.0% during the third quarter. Comerica Bank now owns 124,153 shares of the financial services provider’s stock valued at $3,065,000 after purchasing an additional 107,859 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in Lincoln National by 43.9% during the third quarter. Public Employees Retirement System of Ohio now owns 110,005 shares of the financial services provider’s stock valued at $2,716,000 after purchasing an additional 33,545 shares during the last quarter. Morgan Stanley boosted its position in Lincoln National by 12.4% during the third quarter. Morgan Stanley now owns 5,313,420 shares of the financial services provider’s stock valued at $131,188,000 after purchasing an additional 585,977 shares during the last quarter. Finally, Toroso Investments LLC acquired a new stake in Lincoln National during the third quarter valued at $372,000. Hedge funds and other institutional investors own 71.89% of the company’s stock.

About Lincoln National

(Get Free Report)

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The company's Life Insurance segment provides life insurance products, including term insurance, such as single and survivorship versions of universal life insurance; variable universal life insurance; indexed universal life insurance products; and critical illness and long-term care riders.

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Earnings History for Lincoln National (NYSE:LNC)

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