Lincoln National (NYSE:LNC) Price Target Lowered to $27.00 at Wells Fargo & Company

Lincoln National (NYSE:LNC - Get Free Report) had its price objective dropped by research analysts at Wells Fargo & Company from $28.00 to $27.00 in a report issued on Friday, Benzinga reports. The firm presently has an "equal weight" rating on the financial services provider's stock. Wells Fargo & Company's target price points to a potential downside of 7.87% from the stock's current price.

Other analysts have also recently issued reports about the stock. Keefe, Bruyette & Woods increased their target price on shares of Lincoln National from $30.00 to $32.00 and gave the stock a "market perform" rating in a research note on Wednesday, April 10th. Evercore ISI increased their price target on shares of Lincoln National from $33.00 to $35.00 and gave the stock an "in-line" 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. JPMorgan Chase & Co. increased their price target on shares of Lincoln National from $26.00 to $29.00 and gave the stock an "underweight" rating in a report on Tuesday, April 2nd. Finally, Jefferies Financial Group raised shares of Lincoln National from an "underperform" rating to a "hold" rating in a report on Monday, February 12th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $28.18.

Lincoln National Price Performance

NYSE LNC traded up $0.05 on Friday, hitting $29.31. The stock had a trading volume of 971,011 shares, compared to its average volume of 1,886,980. Lincoln National has a 52-week low of $18.74 and a 52-week high of $32.43. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.26 and a current ratio of 0.26. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of 3.96, a price-to-earnings-growth ratio of 0.18 and a beta of 1.80. The firm has a 50-day moving average of $28.61 and a 200-day moving average of $26.72.

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

Institutional Investors Weigh In On Lincoln National

Several institutional investors and hedge funds have recently modified their holdings of LNC. Central Pacific Bank Trust Division purchased a new position in Lincoln National during the 1st quarter valued at about $25,000. Financial Gravity Asset Management Inc. lifted its stake in shares of Lincoln National by 3,930.8% in the third quarter. Financial Gravity Asset Management Inc. now owns 1,048 shares of the financial services provider's stock worth $26,000 after buying an additional 1,022 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of Lincoln National in the fourth quarter worth approximately $27,000. Transcendent Capital Group LLC bought a new position in shares of Lincoln National in the fourth quarter worth approximately $35,000. Finally, CVA Family Office LLC bought a new position in shares of Lincoln National in the fourth quarter worth approximately $37,000. 72.81% of the stock is 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.