Lincoln National - LNC Stock Forecast, Price & News

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 Analyst Weigh In

A number of research analysts recently commented on LNC shares. Morgan Stanley lowered their price objective on shares of Lincoln National from $80.00 to $68.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 6th. Royal Bank of Canada cut their target price on shares of Lincoln National from $71.00 to $57.00 in a research report on Friday. Wolfe Research restated a "peer perform" rating on shares of Lincoln National in a report on Thursday, June 23rd. JPMorgan Chase & Co. lowered their target price on shares of Lincoln National from $83.00 to $77.00 in a research note on Monday, July 11th. Finally, Piper Sandler decreased their price target on shares of Lincoln National from $70.00 to $55.00 and set an "overweight" rating on the stock in a research report on Friday, July 8th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $63.00.

Lincoln National Stock Performance

Shares of NYSE:LNC traded down $1.10 during mid-day trading on Friday, reaching $45.94. 3,267,526 shares of the company's stock were exchanged, compared to its average volume of 1,566,701. Lincoln National has a 52 week low of $44.89 and a 52 week high of $77.57. The firm has a 50-day moving average price of $49.90 and a two-hundred day moving average price of $59.18. The firm has a market capitalization of $7.90 billion, a price-to-earnings ratio of 9.57, a price-to-earnings-growth ratio of 0.28 and a beta of 1.89. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.19 and a quick ratio of 0.21.

Lincoln National (NYSE:LNC - Get Rating) last issued its earnings results on Wednesday, May 4th. The financial services provider reported $1.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.97 by ($0.31). The firm had revenue of $4.72 billion during the quarter, compared to analysts' expectations of $4.80 billion. Lincoln National had a return on equity of 7.82% and a net margin of 4.45%. The firm's quarterly revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.82 EPS. Analysts predict that Lincoln National will post 8.71 EPS for the current year.

Lincoln National Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 1st. Investors of record on Monday, July 11th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, July 8th. This represents a $1.80 annualized dividend and a dividend yield of 3.92%. Lincoln National's dividend payout ratio (DPR) is presently 37.50%.