Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The Annuities segment offers fixed, variable, and indexed variable annuities. The Retirement Plan Services segment provides employers with retirement plan products and services primarily in the defined contribution retirement plan marketplace. This segment offers individual and group variable annuities, group fixed annuities, and mutual fund-based programs; and a range of plan services, including plan recordkeeping, compliance testing, participant education, and trust and custodial services. The Life Insurance segment provides life insurance products, including term insurance, such as single and survivorship versions of universal life insurance; variable universal life insurance; indexed universal life insurance products; and critical illness and long-term care riders. The Group Protection segment offers group non-medical insurance products comprising short and long-term disability, statutory disability and paid family medical leave administration and absence management services, term life, dental, vision and accident, and critical illness benefits and services to the employer marketplace through various forms of employee-paid and employer-paid plans. The company distributes its products through consultants, brokers, planners, agents, financial advisors, third-party administrators, and other intermediaries. Lincoln National Corporation was founded in 1905 and is based in Radnor, Pennsylvania.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on LNC shares. Evercore ISI reduced their target price on Lincoln National from $78.00 to $66.00 and set an "in-line" rating for the company in a report on Wednesday, July 6th. Piper Sandler reduced their target price on Lincoln National from $70.00 to $55.00 and set an "overweight" rating for the company in a report on Friday, July 8th. Morgan Stanley reduced their target price on Lincoln National from $80.00 to $68.00 and set an "overweight" rating for the company in a report on Wednesday, July 6th. Wolfe Research restated a "peer perform" rating on shares of Lincoln National in a report on Thursday, June 23rd. Finally, The Goldman Sachs Group reduced their target price on Lincoln National from $78.00 to $60.00 and set a "neutral" rating for the company in a report on Monday, June 6th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $61.90.
Lincoln National Stock Up 1.4 %
NYSE:LNC traded up $0.73 during trading on Tuesday, hitting $51.13. 2,334,433 shares of the company traded hands, compared to its average volume of 1,606,103. Lincoln National has a 12 month low of $44.89 and a 12 month high of $77.57. The business has a fifty day simple moving average of $48.91 and a 200 day simple moving average of $58.37. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $8.70 billion, a P/E ratio of 10.54, a PEG ratio of 0.32 and a beta of 1.89.
Lincoln National Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Monday, October 10th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, October 6th. This represents a $1.80 annualized dividend and a yield of 3.52%. Lincoln National's dividend payout ratio (DPR) is currently 37.50%.