Lincoln National Co. (NYSE:LNC – Get Free Report) has received a consensus rating of “Hold” from the eleven analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $32.64.
LNC has been the topic of a number of recent analyst reports. Morgan Stanley decreased their price target on Lincoln National from $30.00 to $29.00 and set an “equal weight” rating on the stock in a report on Monday, August 19th. JPMorgan Chase & Co. upped their price target on Lincoln National from $28.00 to $34.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 2nd. Barclays assumed coverage on shares of Lincoln National in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $35.00 price objective on the stock. Bank of America dropped their target price on shares of 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, Piper Sandler lifted their price target on shares of Lincoln National from $30.00 to $34.00 and gave the company a “neutral” rating in a report on Friday, June 28th.
Get Our Latest Analysis on LNC
Institutional Trading of Lincoln National
Lincoln National Stock Down 1.9 %
Shares of LNC stock opened at $30.92 on Wednesday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.82. Lincoln National has a 12 month low of $20.85 and a 12 month high of $36.46. The stock has a market cap of $5.26 billion, a P/E ratio of 4.23, a P/E/G ratio of 0.31 and a beta of 1.81. The company has a 50 day simple moving average of $30.97 and a two-hundred day simple moving average of $30.69.
Lincoln National (NYSE:LNC – Get Free Report) last announced its earnings results on Thursday, August 1st. The financial services provider reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.07. Lincoln National had a return on equity of 17.13% and a net margin of 12.24%. The company had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $4.65 billion. During the same period last year, the firm earned $2.02 EPS. On average, research analysts expect that Lincoln National will post 5.71 earnings per share for the current year.
Lincoln National Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 5.82%. The ex-dividend date of this dividend is Thursday, October 10th. Lincoln National’s payout ratio is 24.62%.
Lincoln National Company Profile
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.
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