Lincoln National (NYSE:LNC - Get Free Report) was upgraded by investment analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued to investors on Monday.
Other equities research analysts also recently issued research reports about the company. Keefe, Bruyette & Woods upped their price target on Lincoln National from $30.00 to $32.00 and gave the stock a "market perform" rating in a report on Wednesday, April 10th. Wells Fargo & Company increased their price objective on shares of Lincoln National from $26.00 to $28.00 and gave the company an "equal weight" rating in a research note on Thursday. Evercore ISI upped their target price on Lincoln National from $33.00 to $35.00 and gave the company an "in-line" rating in a report on Thursday. Piper Sandler lifted their price target on Lincoln National from $28.00 to $32.00 and gave the stock a "neutral" rating in a report on Friday, April 5th. Finally, JPMorgan Chase & Co. raised their price objective 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. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $28.45.
View Our Latest Stock Report on LNC
Lincoln National Stock Down 1.4 %
LNC traded down $0.40 during trading on Monday, hitting $27.88. 1,508,579 shares of the company's stock were exchanged, compared to its average volume of 1,926,696. The stock has a market cap of $4.73 billion, a P/E ratio of -5.59, a PEG ratio of 0.18 and a beta of 1.81. The business's 50 day moving average is $28.26 and its two-hundred day moving average is $26.20. Lincoln National has a fifty-two week low of $18.50 and a fifty-two week high of $32.43. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.96.
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 for the quarter, beating the consensus estimate of $1.32 by $0.13. The business had revenue of $1.97 billion for the quarter, compared to analysts' expectations of $4.44 billion. Lincoln National had a negative net margin of 6.46% and a positive return on equity of 20.81%. As a group, equities analysts expect that Lincoln National will post 6.51 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, Director Owen Ryan acquired 10,000 shares of Lincoln National stock in a transaction that occurred on Friday, February 9th. The stock was bought at an average price of $25.90 per share, with a total value of $259,000.00. Following the completion of the purchase, the director now owns 10,000 shares in the company, valued at $259,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.55% of the stock is owned by corporate insiders.
Institutional Trading of Lincoln National
Large investors have recently modified their holdings of the business. Financial Gravity Asset Management Inc. lifted its holdings in shares of Lincoln National by 3,930.8% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 1,048 shares of the financial services provider's stock worth $26,000 after acquiring an additional 1,022 shares during the last quarter. Brown Brothers Harriman & Co. bought a new stake in Lincoln National in the 4th quarter worth approximately $27,000. Quarry LP bought a new position in Lincoln National during the fourth quarter valued at approximately $27,000. Achmea Investment Management B.V. purchased a new position in shares of Lincoln National during the first quarter worth approximately $30,000. Finally, Transcendent Capital Group LLC bought a new stake in shares of Lincoln National in the 4th quarter worth approximately $35,000. Institutional investors own 72.81% of the company's stock.
About Lincoln National
(
Get Free Report)
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.
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