Research Analysts’ Recent Ratings Changes for Lincoln National (LNC)

A number of research firms have changed their ratings and price targets for Lincoln National (NYSE: LNC):

  • 1/18/2023 – Lincoln National had its price target lowered by analysts at Wells Fargo & Company from $38.00 to $32.00. They now have an “equal weight” rating on the stock.
  • 1/10/2023 – Lincoln National had its price target lowered by analysts at Morgan Stanley from $54.00 to $40.00. They now have an “equal weight” rating on the stock.
  • 1/9/2023 – Lincoln National was downgraded by analysts at Barclays PLC from an “equal weight” rating to an “underweight” rating. They now have a $29.00 price target on the stock, down previously from $35.00.
  • 1/9/2023 – Lincoln National had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $46.00 to $40.00. They now have a “buy” rating on the stock.
  • 1/6/2023 – Lincoln National was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $36.00 price target on the stock, down previously from $55.00.
  • 12/20/2022 – Lincoln National had its price target lowered by analysts at Piper Sandler from $38.00 to $31.00. They now have a “neutral” rating on the stock.
  • 12/18/2022 – Lincoln National had its price target lowered by analysts at Keefe, Bruyette & Woods from $41.00 to $33.00.
  • 12/16/2022 – Lincoln National was downgraded by analysts at Jefferies Financial Group Inc. from a “hold” rating to an “underperform” rating. They now have a $25.00 price target on the stock, down previously from $40.00.
  • 12/12/2022 – Lincoln National had its price target lowered by analysts at Evercore ISI to $33.00.

Lincoln National Stock Down 0.6 %

LNC stock traded down $0.19 during trading on Wednesday, reaching $32.34. 537,211 shares of the company traded hands, compared to its average volume of 2,646,457. Lincoln National Co. has a 12 month low of $28.61 and a 12 month high of $76.40. The business has a 50 day simple moving average of $33.15 and a 200 day simple moving average of $42.21. The company has a market capitalization of $5.47 billion, a price-to-earnings ratio of -2.68, a price-to-earnings-growth ratio of 0.52 and a beta of 1.78. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.19 and a current ratio of 0.19.

Lincoln National (NYSE:LNCGet Rating) last issued its quarterly earnings data on Wednesday, November 2nd. The financial services provider reported ($10.23) earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($12.16). Lincoln National had a negative net margin of 10.52% and a negative return on equity of 6.59%. The company had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.37 billion. On average, equities research analysts anticipate that Lincoln National Co. will post -4.28 earnings per share for the current fiscal year.

Lincoln National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 1st. Shareholders of record on Tuesday, January 10th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 5.57%. The ex-dividend date is Monday, January 9th. Lincoln National’s dividend payout ratio (DPR) is presently -14.94%.

Insider Buying and Selling at Lincoln National

In other Lincoln National news, EVP John Christopher Kennedy sold 1,500 shares of the stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $30.79, for a total value of $46,185.00. Following the completion of the sale, the executive vice president now directly owns 20,336 shares in the company, valued at $626,145.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.75% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lincoln National

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Street Corp raised its stake in shares of Lincoln National by 20.8% in the third quarter. State Street Corp now owns 9,443,719 shares of the financial services provider’s stock worth $414,674,000 after purchasing an additional 1,628,081 shares during the last quarter. Dodge & Cox raised its stake in shares of Lincoln National by 0.7% in the second quarter. Dodge & Cox now owns 4,297,162 shares of the financial services provider’s stock worth $200,978,000 after purchasing an additional 27,805 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Lincoln National by 1.4% in the third quarter. Dimensional Fund Advisors LP now owns 3,101,324 shares of the financial services provider’s stock worth $136,185,000 after purchasing an additional 41,656 shares during the last quarter. Invesco Ltd. raised its stake in shares of Lincoln National by 15.9% in the first quarter. Invesco Ltd. now owns 3,005,501 shares of the financial services provider’s stock worth $196,440,000 after purchasing an additional 411,343 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Lincoln National by 6.0% in the second quarter. Northern Trust Corp now owns 2,469,553 shares of the financial services provider’s stock worth $115,501,000 after purchasing an additional 139,987 shares during the last quarter. 78.00% of the stock is currently owned by hedge funds and other institutional investors.

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 Annuities segment offers fixed, variable, and indexed variable annuities.

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