Lincoln National (NYSE:LNC) Price Target Lowered to $42.00 at Barclays

Lincoln National (NYSE:LNC) had its price target dropped by equities research analysts at Barclays from $44.00 to $42.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s target price would suggest a potential upside of 17.73% from the company’s current price.

LNC has been the topic of a number of other reports. Piper Sandler increased their target price on shares of Lincoln National from $42.00 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday, December 23rd. Jefferies Financial Group increased their price objective on shares of Lincoln National from $52.00 to $59.00 and gave the company a “buy” rating in a research report on Monday, December 15th. Mizuho initiated coverage on shares of Lincoln National in a research report on Tuesday, December 16th. They issued an “outperform” rating and a $52.00 price objective on the stock. National Bank Financial set a $45.00 price objective on shares of Lincoln National in a research report on Thursday, January 8th. Finally, Morgan Stanley dropped their price objective on shares of Lincoln National from $50.00 to $46.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 3rd. Six analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $45.23.

Lincoln National Stock Up 2.1%

Lincoln National stock traded up $0.75 during mid-day trading on Wednesday, reaching $35.68. 741,383 shares of the company’s stock were exchanged, compared to its average volume of 2,289,783. The company has a market cap of $6.78 billion, a P/E ratio of 6.72, a P/E/G ratio of 1.57 and a beta of 1.23. Lincoln National has a twelve month low of $28.23 and a twelve month high of $46.82. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.59. The company has a fifty day moving average of $36.75 and a 200-day moving average of $40.02.

Lincoln National (NYSE:LNC) last released its earnings results on Thursday, February 12th. The financial services provider reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.35. The company had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.85 billion. Lincoln National had a net margin of 6.46% and a return on equity of 18.52%. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.91 EPS. Sell-side analysts expect that Lincoln National will post 7.69 EPS for the current year.

Insider Activity at Lincoln National

In related news, EVP James Waltman Reid sold 3,050 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $41.81, for a total value of $127,520.50. Following the transaction, the executive vice president directly owned 118,567 shares of the company’s stock, valued at $4,957,286.27. This trade represents a 2.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Sean Woodroffe sold 10,000 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $34.46, for a total transaction of $344,600.00. Following the completion of the transaction, the executive vice president directly owned 206,159 shares in the company, valued at $7,104,239.14. This trade represents a 4.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 21,050 shares of company stock valued at $734,041 in the last ninety days. Insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of LNC. JPL Wealth Management LLC purchased a new position in shares of Lincoln National in the 3rd quarter valued at $29,000. V Square Quantitative Management LLC purchased a new position in shares of Lincoln National in the 4th quarter valued at $31,000. Salomon & Ludwin LLC purchased a new position in shares of Lincoln National in the 3rd quarter valued at $32,000. Transamerica Financial Advisors LLC purchased a new position in shares of Lincoln National in the 4th quarter valued at $32,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Lincoln National in the 4th quarter valued at $34,000. 72.81% of the stock is owned by hedge funds and other institutional investors.

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.