Brokerages Set Lincoln National Corporation (NYSE:LNC) Target Price at $46.67

Shares of Lincoln National Corporation (NYSE:LNC) have been assigned an average recommendation of “Hold” from the fourteen brokerages that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $46.6667.

LNC has been the topic of a number of research reports. UBS Group lifted their price objective on Lincoln National from $42.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Weiss Ratings restated a “buy (b-)” rating on shares of Lincoln National in a research report on Monday, December 15th. Barclays upped their price target on shares of Lincoln National from $42.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 8th. Wells Fargo & Company increased their price objective on shares of Lincoln National from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. Finally, National Bankshares set a $59.00 target price on shares of Lincoln National in a report on Monday, December 15th.

Insider Transactions at Lincoln National

In related news, Director Owen Ryan bought 2,000 shares of the stock in a transaction dated Wednesday, November 12th. The stock was purchased at an average cost of $42.17 per share, with a total value of $84,340.00. Following the completion of the purchase, the director owned 12,000 shares of the company’s stock, valued at $506,040. This trade represents a 20.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John Christopher Kennedy sold 3,519 shares of Lincoln National stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $44.15, for a total transaction of $155,363.85. Following the sale, the executive vice president directly owned 118,985 shares of the company’s stock, valued at $5,253,187.75. This represents a 2.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.54% of the company’s stock.

Institutional Trading of Lincoln National

Institutional investors have recently modified their holdings of the company. Advisors Asset Management Inc. acquired a new position in Lincoln National during the 2nd quarter valued at approximately $28,000. Ameritas Advisory Services LLC acquired a new position in shares of Lincoln National in the 2nd quarter valued at $29,000. JPL Wealth Management LLC purchased a new position in Lincoln National in the 3rd quarter worth $29,000. Salomon & Ludwin LLC acquired a new stake in Lincoln National during the 3rd quarter worth about $32,000. Finally, Mather Group LLC. purchased a new stake in Lincoln National during the 3rd quarter valued at about $39,000. 72.81% of the stock is currently owned by institutional investors.

Lincoln National Stock Performance

Shares of NYSE LNC opened at $46.21 on Friday. The company has a market cap of $8.78 billion, a P/E ratio of 4.15, a P/E/G ratio of 0.46 and a beta of 1.33. Lincoln National has a 52-week low of $27.58 and a 52-week high of $46.61. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.28 and a current ratio of 0.28. The firm’s fifty day moving average is $41.38 and its two-hundred day moving average is $39.02.

Lincoln National (NYSE:LNC) last issued its quarterly earnings data on Thursday, October 30th. The financial services provider reported $2.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.20. Lincoln National had a return on equity of 18.77% and a net margin of 11.49%.The firm had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.80 billion. During the same quarter last year, the business posted $2.06 earnings per share. As a group, analysts anticipate that Lincoln National will post 7.69 EPS for the current fiscal year.

Lincoln National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Monday, January 12th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Monday, January 12th. Lincoln National’s dividend payout ratio (DPR) is 16.16%.

Lincoln National Company Profile

Lincoln National Corporation, doing business as Lincoln Financial Group, is a diversified financial services holding company focused on providing retirement, insurance, and wealth management solutions in the United States and select international markets. Headquartered in Radnor, Pennsylvania, the company operates through several business segments, including Retirement Plan Services, Life Insurance, and Group Protection. Its offerings are designed to help individuals, families, and institutions plan and prepare for their financial futures.

The Retirement Plan Services segment delivers recordkeeping, administrative services, and investment management for defined contribution and defined benefit plans.