Lincoln National (NYSE:LNC) PT Set at $37.00 by Wells Fargo & Company

Key Points

• Wells Fargo & Company raised their price target for Lincoln National from $35.00 to $37.00, indicating a potential downside of 2.93% from its previous close, while maintaining an "equal weight" rating.
• In the recent earnings report, Lincoln National posted an EPS of $2.36, exceeding analysts' expectations of $1.91, although revenue fell short at $4.04 billion compared to the $4.65 billion forecast.
• Lincoln National's stock is currently rated as a "Hold" by most analysts, with a consensus price target of $39.22.

Lincoln National (NYSE:LNC - Get Free Report) has been given a $37.00 target price by Wells Fargo & Company in a report issued on Tuesday, Marketbeat reports. The brokerage presently has an "equal weight" rating on the financial services provider's stock. Wells Fargo & Company's price target suggests a potential downside of 4.52% from the company's current price.

A number of other brokerages have also issued reports on LNC. Barclays lifted their price target 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. JPMorgan Chase & Co. lifted their price target on Lincoln National from $38.00 to $41.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 8th. Wall Street Zen raised Lincoln National from a "sell" rating to a "hold" rating in a research note on Saturday. Piper Sandler lowered their price target on Lincoln National from $38.00 to $36.00 and set a "neutral" rating on the stock in a research note on Friday, May 9th. Finally, Morgan Stanley lifted their price target on Lincoln National from $32.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $39.22.

Lincoln National Stock Up 2.2%

Shares of LNC opened at $38.75 on Tuesday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.67. The stock's 50 day moving average is $34.19 and its two-hundred day moving average is $34.36. The firm has a market cap of $7.35 billion, a P/E ratio of 6.76, a PEG ratio of 0.53 and a beta of 1.42. Lincoln National has a 12 month low of $27.58 and a 12 month high of $39.85.

Lincoln National (NYSE:LNC - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The financial services provider reported $2.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.91 by $0.45. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.65 billion. Lincoln National had a return on equity of 19.14% and a net margin of 6.34%. During the same period in the previous year, the company posted $1.87 earnings per share. Analysts predict that Lincoln National will post 7.69 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Lincoln National

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hollencrest Capital Management raised its position in Lincoln National by 383.2% in the first quarter. Hollencrest Capital Management now owns 749 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 594 shares during the period. Ameritas Advisory Services LLC purchased a new stake in shares of Lincoln National in the 2nd quarter valued at $29,000. NBC Securities Inc. purchased a new stake in shares of Lincoln National in the 1st quarter valued at $33,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Lincoln National in the 4th quarter valued at $32,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Lincoln National in the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 72.81% of the company's stock.

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.