Lincoln National (NYSE:LNC) Price Target Raised to $41.00 at JPMorgan Chase & Co.

Lincoln National (NYSE:LNC - Free Report) had its price target upped by JPMorgan Chase & Co. from $38.00 to $41.00 in a research note issued to investors on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the financial services provider's stock.

LNC has been the topic of a number of other reports. UBS Group increased their price objective on Lincoln National from $32.00 to $38.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. Wells Fargo & Company decreased their target price on shares of Lincoln National from $36.00 to $31.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Piper Sandler lowered their price target on shares of Lincoln National from $38.00 to $36.00 and set a "neutral" rating on the stock in a report on Friday, May 9th. Morgan Stanley lifted their price objective on Lincoln National from $32.00 to $38.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Finally, Barclays upped their target price on Lincoln National from $38.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. One research analyst has rated the stock with a sell rating and ten have issued a hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $37.40.

Lincoln National Stock Performance

Shares of NYSE LNC traded up $0.75 during midday trading on Tuesday, reaching $35.03. The company had a trading volume of 2,805,380 shares, compared to its average volume of 1,674,181. Lincoln National has a 1 year low of $27.58 and a 1 year high of $39.85. The business's 50-day simple moving average is $33.46 and its 200 day simple moving average is $33.88. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.81. The stock has a market cap of $5.98 billion, a P/E ratio of 4.98, a P/E/G ratio of 0.45 and a beta of 1.39.

Lincoln National (NYSE:LNC - Get Free Report) last issued its earnings results on Thursday, May 8th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.54 by $0.06. The company had revenue of $4.69 billion during the quarter, compared to analyst estimates of $4.71 billion. Lincoln National had a return on equity of 18.71% and a net margin of 7.00%. The firm's quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the business posted $0.41 EPS. On average, analysts forecast that Lincoln National will post 7.69 earnings per share for the current fiscal year.

Lincoln National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $1.80 dividend on an annualized basis and a yield of 5.14%. Lincoln National's dividend payout ratio is currently 25.57%.

Insider Activity at Lincoln National

In other news, EVP Sean Woodroffe sold 43,622 shares of Lincoln National stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $32.78, for a total value of $1,429,929.16. Following the sale, the executive vice president owned 154,102 shares in the company, valued at $5,051,463.56. This trade represents a 22.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Brian Kroll sold 10,075 shares of the company's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $33.10, for a total transaction of $333,482.50. Following the transaction, the executive vice president owned 48,743 shares of the company's stock, valued at approximately $1,613,393.30. This trade represents a 17.13% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company's stock.

Institutional Investors Weigh In On Lincoln National

Several large investors have recently bought and sold shares of LNC. Hollencrest Capital Management grew its stake in Lincoln National by 383.2% during the 1st quarter. Hollencrest Capital Management now owns 749 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 594 shares in the last quarter. M Holdings Securities Inc. acquired a new position in shares of Lincoln National during the 4th quarter worth approximately $29,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Lincoln National in the fourth quarter valued at approximately $32,000. NBC Securities Inc. acquired a new stake in shares of Lincoln National in the first quarter valued at approximately $33,000. Finally, Headlands Technologies LLC purchased a new position in Lincoln National during the fourth quarter worth approximately $35,000. 72.81% of the stock is currently owned by hedge funds and other institutional investors.

About Lincoln National

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.