Lincoln National (NYSE:LNC) Price Target Lowered to $30.00 at Piper Sandler

Lincoln National (NYSE:LNC - Free Report) had its price objective trimmed by Piper Sandler from $32.00 to $30.00 in a research report released on Monday, Benzinga reports. The firm currently has a neutral rating on the financial services provider's stock.

LNC has been the topic of several other research reports. UBS Group raised their price objective on Lincoln National from $25.00 to $28.00 and gave the company a neutral rating in a report on Wednesday, January 10th. Jefferies Financial Group upgraded Lincoln National from an underperform rating to a hold rating in a report on Monday, February 12th. Wells Fargo & Company raised their price objective on shares of Lincoln National from $26.00 to $28.00 and gave the company an equal weight rating in a report on Thursday, April 11th. TheStreet lowered shares of Lincoln National from a c rating to a d+ rating in a report on Thursday, February 8th. Finally, The Goldman Sachs Group raised their price target on shares of Lincoln National from $29.00 to $36.00 and gave the company a buy rating in a research note on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of $28.27.

Lincoln National Price Performance

NYSE LNC traded up $0.87 during trading on Monday, hitting $28.97. 2,106,131 shares of the company's stock were exchanged, compared to its average volume of 1,908,924. The company has a market cap of $4.93 billion, a PE ratio of 3.94, a P/E/G ratio of 0.18 and a beta of 1.80. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.87. Lincoln National has a fifty-two week low of $18.50 and a fifty-two week high of $32.43. The stock's 50 day moving average price is $28.46 and its two-hundred day moving average price is $26.59.

Lincoln National (NYSE:LNC - Get Free Report) last announced its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.13. The company had revenue of $1.97 billion for the quarter, compared to analyst estimates of $4.44 billion. Lincoln National had a net margin of 11.31% and a return on equity of 19.50%. Research analysts expect that Lincoln National will post 6.25 EPS for the current year.

Lincoln National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.21%. The ex-dividend date of this dividend was Tuesday, April 9th. Lincoln National's dividend payout ratio is 24.62%.

Insider Buying and Selling

In other Lincoln National news, Director Owen Ryan purchased 10,000 shares of the business's stock in a transaction on Friday, February 9th. The shares were purchased at an average cost of $25.90 per share, for a total transaction of $259,000.00. Following the acquisition, the director now owns 10,000 shares of the company's stock, valued at $259,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.54% of the stock is currently owned by insiders.

Institutional Trading of Lincoln National

Several large investors have recently made changes to their positions in the company. Security Financial Services INC. boosted its holdings in Lincoln National by 4.6% in the fourth quarter. Security Financial Services INC. now owns 8,803 shares of the financial services provider's stock worth $237,000 after acquiring an additional 385 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Lincoln National by 32.6% in the 1st quarter. Global Retirement Partners LLC now owns 1,667 shares of the financial services provider's stock worth $53,000 after purchasing an additional 410 shares in the last quarter. Greenleaf Trust grew its position in Lincoln National by 3.9% in the 3rd quarter. Greenleaf Trust now owns 12,557 shares of the financial services provider's stock valued at $310,000 after purchasing an additional 468 shares during the period. Allworth Financial LP increased its stake in Lincoln National by 14.4% during the 4th quarter. Allworth Financial LP now owns 4,238 shares of the financial services provider's stock valued at $114,000 after purchasing an additional 532 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its stake in shares of Lincoln National by 0.6% in the fourth quarter. Yousif Capital Management LLC now owns 91,833 shares of the financial services provider's stock valued at $2,477,000 after buying an additional 535 shares in the last quarter. 72.81% of the stock is currently owned by institutional investors and hedge funds.

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.