Barclays Boosts Lincoln National (NYSE:LNC) Price Target to $36.00

Lincoln National (NYSE:LNC) had its price objective boosted by Barclays from $35.00 to $36.00 in a research note published on Tuesday, Benzinga reports. They currently have an equal weight rating on the financial services provider’s stock.

A number of other equities analysts have also commented on the stock. Bank of America reduced their price target on shares of Lincoln National from $32.00 to $31.00 and set a neutral rating on the stock in a research report on Thursday, July 11th. 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. Piper Sandler cut their price objective on Lincoln National from $37.00 to $34.00 and set a neutral rating for the company in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. increased 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. Finally, Morgan Stanley lowered their target price on Lincoln National from $30.00 to $29.00 and set an equal weight rating for the company in a research note on Monday, August 19th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $33.00.

Lincoln National Price Performance

Shares of Lincoln National stock opened at $31.44 on Tuesday. Lincoln National has a twelve month low of $20.85 and a twelve month high of $36.46. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a market cap of $5.35 billion, a P/E ratio of 3.32, a price-to-earnings-growth ratio of 0.31 and a beta of 1.81. The firm’s 50-day simple moving average is $30.72 and its 200-day simple moving average is $30.79.

Lincoln National (NYSE:LNC) 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. As a group, research analysts expect that Lincoln National will post 5.73 EPS for the current fiscal year.

Lincoln National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be issued a $0.45 dividend. 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 (DPR) is presently 18.99%.

Hedge Funds Weigh In On Lincoln National

Institutional investors and hedge funds have recently made changes to their positions in the company. Unison Advisors LLC boosted its holdings in shares of Lincoln National by 1.4% in the third quarter. Unison Advisors LLC now owns 63,328 shares of the financial services provider’s stock valued at $1,995,000 after buying an additional 899 shares during the period. Hexagon Capital Partners LLC boosted its stake in Lincoln National by 13.3% in the 3rd quarter. Hexagon Capital Partners LLC now owns 3,502 shares of the financial services provider’s stock worth $110,000 after purchasing an additional 411 shares during the period. CWM LLC boosted its stake in Lincoln National by 4.1% in the 3rd quarter. CWM LLC now owns 14,879 shares of the financial services provider’s stock worth $469,000 after purchasing an additional 590 shares during the period. Brookstone Capital Management increased its holdings in Lincoln National by 6.2% during the 3rd quarter. Brookstone Capital Management now owns 6,808 shares of the financial services provider’s stock worth $215,000 after purchasing an additional 397 shares in the last quarter. Finally, RK Asset Management LLC lifted its holdings in shares of Lincoln National by 6.8% in the third quarter. RK Asset Management LLC now owns 102,186 shares of the financial services provider’s stock valued at $3,220,000 after purchasing an additional 6,518 shares in the last quarter. Institutional investors and hedge funds own 72.81% of the company’s stock.

About Lincoln National

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.