Lincoln National (NYSE:LNC) Given New $40.00 Price Target at Barclays

Lincoln National (NYSE:LNC - Free Report) had its price objective raised by Barclays from $38.00 to $40.00 in a research report report published on Friday,Benzinga reports. The brokerage currently has an equal weight rating on the financial services provider's stock.

Several other research firms have also weighed in on LNC. Keefe, Bruyette & Woods dropped their price target on Lincoln National from $40.00 to $38.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 9th. Wells Fargo & Company lowered their target price on Lincoln National from $36.00 to $31.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. Morgan Stanley dropped their target price on Lincoln National from $42.00 to $32.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. Evercore ISI raised their price target on shares of Lincoln National from $41.00 to $44.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. Finally, UBS Group upped their price objective on shares of Lincoln National from $32.00 to $38.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $36.27.

Lincoln National Trading Down 0.1%

NYSE LNC traded down $0.03 on Friday, hitting $33.34. 1,465,708 shares of the company were exchanged, compared to its average volume of 1,631,370. Lincoln National has a twelve month low of $27.58 and a twelve month high of $39.85. The company's 50 day moving average price is $33.39 and its 200-day moving average price is $34.03. The firm has a market capitalization of $5.69 billion, a P/E ratio of 1.81, a price-to-earnings-growth ratio of 0.30 and a beta of 1.42. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.27 and a quick ratio of 0.27.

Lincoln National (NYSE:LNC - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The financial services provider reported $1.60 EPS for the quarter, topping analysts' consensus estimates of $1.54 by $0.06. Lincoln National had a net margin of 17.76% and a return on equity of 18.47%. The firm had revenue of $4.69 billion during the quarter, compared to analyst estimates of $4.71 billion. During the same quarter last year, the business posted $0.41 EPS. The company's revenue was up 14.0% on a year-over-year basis. Analysts predict that Lincoln National will post 7.69 earnings per share for the current fiscal year.

Lincoln National Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, April 10th. This represents a $1.80 annualized dividend and a dividend yield of 5.40%. Lincoln National's dividend payout ratio (DPR) is 9.79%.

Institutional Investors Weigh In On Lincoln National

Several institutional investors and hedge funds have recently modified their holdings of LNC. Franklin Resources Inc. lifted its position in shares of Lincoln National by 89.1% in the third quarter. Franklin Resources Inc. now owns 95,677 shares of the financial services provider's stock worth $3,149,000 after buying an additional 45,086 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Lincoln National by 7.2% in the 3rd quarter. Principal Financial Group Inc. now owns 3,309,453 shares of the financial services provider's stock valued at $104,281,000 after acquiring an additional 223,129 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Lincoln National in the 4th quarter worth approximately $123,000. CHURCHILL MANAGEMENT Corp boosted its position in Lincoln National by 4.1% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 286,286 shares of the financial services provider's stock worth $9,078,000 after purchasing an additional 11,216 shares during the period. Finally, BluePath Capital Management LLC boosted its position in Lincoln National by 20.0% during the fourth quarter. BluePath Capital Management LLC now owns 25,238 shares of the financial services provider's stock worth $776,000 after purchasing an additional 4,205 shares during the period. Institutional investors and hedge funds own 72.81% of the company's stock.

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.