Piper Sandler Increases Lincoln National (NYSE:LNC) Price Target to $32.00

Lincoln National (NYSE:LNC - Free Report) had its price target increased by Piper Sandler from $28.00 to $32.00 in a research report released on Friday, Benzinga reports. They currently have a neutral rating on the financial services provider's stock.

A number of other brokerages also recently issued reports on LNC. StockNews.com downgraded Lincoln National from a hold rating to a sell rating in a research report on Thursday, March 28th. The Goldman Sachs Group upped their price target on Lincoln National from $29.00 to $36.00 and gave the stock a buy rating in a research report on Tuesday, January 9th. UBS Group upped their price target on Lincoln National from $25.00 to $28.00 and gave the stock a neutral rating in a research report on Wednesday, January 10th. JPMorgan Chase & Co. upped their price target on Lincoln National from $26.00 to $29.00 and gave the stock an underweight rating in a research report on Tuesday. Finally, Jefferies Financial Group raised Lincoln National from an underperform rating to a hold rating in a research report on Monday, February 12th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of Hold and an average price target of $27.60.

Lincoln National Stock Up 0.0 %

NYSE:LNC traded up $0.02 during trading hours on Friday, reaching $30.74. The company's stock had a trading volume of 1,481,156 shares, compared to its average volume of 1,962,348. The company has a market capitalization of $5.21 billion, a P/E ratio of -6.12, a price-to-earnings-growth ratio of 0.20 and a beta of 1.81. Lincoln National has a 12 month low of $18.50 and a 12 month high of $32.43. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.26 and a current ratio of 0.26. The stock has a 50 day moving average price of $27.99 and a two-hundred day moving average price of $25.97.

Lincoln National (NYSE:LNC - Get Free Report) last issued its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.32 by $0.13. The company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $4.44 billion. Lincoln National had a negative net margin of 6.46% and a positive return on equity of 20.81%. Equities analysts predict that Lincoln National will post 6.57 EPS for the current fiscal year.

Lincoln National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 5.86%. The ex-dividend date of this dividend is Tuesday, April 9th. Lincoln National's payout ratio is -36.07%.

Insider Buying and Selling at Lincoln National

In other Lincoln National news, Director Owen Ryan purchased 10,000 shares of the stock in a transaction on Friday, February 9th. The shares were bought at an average cost of $25.90 per share, with a total value of $259,000.00. Following the completion of the acquisition, the director now owns 10,000 shares in the company, valued at $259,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.55% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Jump Financial LLC raised its position in shares of Lincoln National by 73.7% in the third quarter. Jump Financial LLC now owns 306,565 shares of the financial services provider's stock worth $7,569,000 after acquiring an additional 130,047 shares during the period. Kingsview Wealth Management LLC raised its position in shares of Lincoln National by 862.6% in the third quarter. Kingsview Wealth Management LLC now owns 116,724 shares of the financial services provider's stock worth $2,882,000 after acquiring an additional 104,598 shares during the period. Hsbc Holdings PLC raised its position in shares of Lincoln National by 2,107.9% in the third quarter. Hsbc Holdings PLC now owns 4,279,462 shares of the financial services provider's stock worth $105,703,000 after acquiring an additional 4,085,637 shares during the period. Jacobs Levy Equity Management Inc. raised its position in shares of Lincoln National by 53.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 3,157,195 shares of the financial services provider's stock worth $77,951,000 after purchasing an additional 1,098,532 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Lincoln National by 82.1% during the 3rd quarter. Principal Financial Group Inc. now owns 1,758,754 shares of the financial services provider's stock worth $43,424,000 after purchasing an additional 792,900 shares during the last quarter. Institutional investors and hedge funds 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.