Lincoln National (NYSE:LNC) Price Target Raised to $42.00

Lincoln National (NYSE:LNC) had its target price upped by JPMorgan Chase & Co. from $40.00 to $42.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have an underweight rating on the financial services provider’s stock.

LNC has been the subject of a number of other research reports. Mizuho raised their price objective on Lincoln National from $48.00 to $51.00 and gave the stock an “outperform” rating in a research report on Thursday, July 9th. National Bank Financial set a $51.00 target price on Lincoln National in a research report on Thursday, July 9th. Wells Fargo & Company lifted their price target on shares of Lincoln National from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Jefferies Financial Group boosted their price target on shares of Lincoln National from $56.00 to $57.00 and gave the company a “buy” rating in a report on Friday, July 10th. Finally, Weiss Ratings cut shares of Lincoln National from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Six analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $45.21.

Lincoln National Stock Performance

Shares of LNC opened at $40.88 on Tuesday. The firm has a market cap of $7.82 billion, a price-to-earnings ratio of 4.74, a price-to-earnings-growth ratio of 2.95 and a beta of 1.17. The company’s fifty day moving average is $37.28 and its 200-day moving average is $37.48. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.65. Lincoln National has a 12 month low of $32.18 and a 12 month high of $46.82.

Lincoln National (NYSE:LNC) last posted its earnings results on Thursday, May 7th. The financial services provider reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.08. The business had revenue of $4.87 billion for the quarter, compared to analyst estimates of $4.93 billion. Lincoln National had a net margin of 9.17% and a return on equity of 18.07%. Lincoln National’s revenue was up 13.1% compared to the same quarter last year. During the same period last year, the business posted $1.60 EPS. Equities analysts expect that Lincoln National will post 7.73 EPS for the current fiscal year.

Lincoln National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.4%. The ex-dividend date is Friday, July 10th. Lincoln National’s dividend payout ratio (DPR) is presently 20.88%.

Insider Buying and Selling at Lincoln National

In other Lincoln National news, EVP Craigt T. Beazer sold 30,000 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $34.45, for a total value of $1,033,500.00. Following the completion of the transaction, the executive vice president directly owned 103,906 shares of the company’s stock, valued at approximately $3,579,561.70. The trade was a 22.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.03% of the company’s stock.

Institutional Trading of Lincoln National

A number of hedge funds and other institutional investors have recently modified their holdings of LNC. JPL Wealth Management LLC bought a new position in Lincoln National in the 3rd quarter valued at $29,000. V Square Quantitative Management LLC bought a new stake in shares of Lincoln National during the fourth quarter worth $31,000. Transamerica Financial Advisors LLC acquired a new position in shares of Lincoln National during the fourth quarter valued at $32,000. NBT Bank N A NY boosted its holdings in Lincoln National by 2,051.1% in the first quarter. NBT Bank N A NY now owns 968 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 923 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in Lincoln National in the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 72.81% of the company’s stock.

About Lincoln National

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.