Lincoln National (NYSE:LNC) Price Target Increased to $35.00 by Analysts at Evercore ISI

Lincoln National (NYSE:LNC) had its price target boosted by Evercore ISI from $33.00 to $35.00 in a research report sent to investors on Thursday, Benzinga reports. The brokerage currently has an in-line rating on the financial services provider’s stock.

LNC has been the topic of a number of other research reports. JPMorgan Chase & Co. increased their target price on shares of Lincoln National from $26.00 to $29.00 and gave the stock an underweight rating in a research report on Tuesday, April 2nd. Keefe, Bruyette & Woods raised their price objective on Lincoln National from $30.00 to $32.00 and gave the stock a market perform rating in a research note on Wednesday, April 10th. UBS Group upped their target price on Lincoln National from $25.00 to $28.00 and gave the company a neutral rating in a research report on Wednesday, January 10th. Wells Fargo & Company raised their price target on Lincoln National from $26.00 to $28.00 and gave the stock an equal weight rating in a research report on Thursday. Finally, Jefferies Financial Group raised shares of Lincoln National from an underperform rating to a hold rating in a research report on Monday, February 12th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Lincoln National presently has an average rating of Hold and an average price target of $28.45.

Lincoln National Stock Performance

NYSE:LNC opened at $28.28 on Thursday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.96. The stock has a 50 day simple moving average of $28.24 and a 200 day simple moving average of $26.17. Lincoln National has a 1-year low of $18.50 and a 1-year high of $32.43. The stock has a market cap of $4.80 billion, a P/E ratio of -5.67, a PEG ratio of 0.18 and a beta of 1.81.

Lincoln National (NYSE:LNC) last posted its earnings results on Thursday, February 8th. The financial services provider reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.13. Lincoln National had a positive return on equity of 20.81% and a negative net margin of 6.46%. The company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $4.44 billion. Research analysts anticipate that Lincoln National will post 6.51 earnings per share for the current year.

Lincoln National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be given a dividend of $0.45 per share. The ex-dividend date is Tuesday, April 9th. This represents a $1.80 annualized dividend and a yield of 6.36%. Lincoln National’s dividend payout ratio is presently -36.07%.

Insider Buying and Selling at Lincoln National

In other Lincoln National news, Director Owen Ryan acquired 10,000 shares of Lincoln National stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average price of $25.90 per share, with a total value of $259,000.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at approximately $259,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.55% of the company’s stock.

Institutional Trading of Lincoln National

Institutional investors have recently added to or reduced their stakes in the stock. Private Advisor Group LLC raised its holdings in Lincoln National by 4.2% during the 1st quarter. Private Advisor Group LLC now owns 6,980 shares of the financial services provider’s stock worth $456,000 after purchasing an additional 284 shares during the last quarter. SVB Wealth LLC raised its stake in Lincoln National by 7.1% during the first quarter. SVB Wealth LLC now owns 4,626 shares of the financial services provider’s stock worth $303,000 after buying an additional 307 shares during the last quarter. Security Financial Services INC. lifted its holdings in Lincoln National by 4.6% in the fourth quarter. Security Financial Services INC. now owns 8,803 shares of the financial services provider’s stock valued at $237,000 after buying an additional 385 shares during the period. Vident Investment Advisory LLC boosted its position in Lincoln National by 5.5% during the fourth quarter. Vident Investment Advisory LLC now owns 7,500 shares of the financial services provider’s stock valued at $230,000 after acquiring an additional 389 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its holdings in Lincoln National by 0.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 162,771 shares of the financial services provider’s stock worth $11,192,000 after acquiring an additional 407 shares during the period. 72.81% of the stock is currently owned by institutional investors.

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.