Lincoln National (NYSE:LNC) Stock Price Expected to Rise, TD Cowen Analyst Says

Lincoln National (NYSE:LNC) had its target price increased by TD Cowen from $37.00 to $42.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the financial services provider’s stock. TD Cowen’s target price suggests a potential upside of 0.74% from the stock’s current price.

LNC has been the subject of several other reports. Mizuho lifted their target price on shares of Lincoln National from $48.00 to $51.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Bank of America decreased their price objective on shares of Lincoln National from $41.00 to $37.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. Jefferies Financial Group increased their target price on Lincoln National from $56.00 to $57.00 and gave the company a “buy” rating in a research note on Friday, July 10th. National Bank Financial set a $51.00 price objective on Lincoln National in a research report on Thursday, July 9th. Finally, Morgan Stanley decreased their target price on Lincoln National from $43.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. Six equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Lincoln National presently has a consensus rating of “Hold” and an average target price of $45.21.

Lincoln National Stock Down 0.3%

Shares of NYSE LNC traded down $0.13 during trading on Wednesday, reaching $41.69. The company had a trading volume of 480,537 shares, compared to its average volume of 2,020,569. Lincoln National has a 12-month low of $32.18 and a 12-month high of $46.82. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.65. The business’s 50-day moving average is $37.00 and its 200 day moving average is $37.53. The stock has a market cap of $7.97 billion, a PE ratio of 4.84, a P/E/G ratio of 2.94 and a beta of 1.17.

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

Insider Buying and Selling at Lincoln National

In other news, EVP Craigt T. Beazer sold 30,000 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $34.45, for a total value of $1,033,500.00. Following the transaction, the executive vice president directly owned 103,906 shares in the company, valued at $3,579,561.70. This trade represents a 22.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.03% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of LNC. Baird Financial Group Inc. bought a new position in shares of Lincoln National in the 1st quarter worth approximately $241,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Lincoln National by 30.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,981 shares of the financial services provider’s stock valued at $2,585,000 after buying an additional 16,991 shares during the period. Empowered Funds LLC increased its holdings in Lincoln National by 316.9% during the first quarter. Empowered Funds LLC now owns 59,115 shares of the financial services provider’s stock valued at $2,123,000 after buying an additional 44,936 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Lincoln National by 5.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 623,322 shares of the financial services provider’s stock valued at $22,383,000 after buying an additional 29,421 shares during the last quarter. Finally, Focus Partners Wealth raised its position in Lincoln National by 39.1% in the first quarter. Focus Partners Wealth now owns 19,530 shares of the financial services provider’s stock worth $701,000 after acquiring an additional 5,486 shares during the period. Institutional investors own 72.81% of the company’s stock.

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.