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
Several equities analysts have recently weighed in on the stock. Royal Bank of Canada decreased their price target on shares of Lincoln National from $71.00 to $57.00 in a research note on Friday, August 5th. Evercore ISI lowered their price target on shares of Lincoln National from $78.00 to $66.00 and set an "in-line" rating on the stock in a research note on Wednesday, July 6th. Barclays reduced their price objective on shares of Lincoln National to $47.00 in a research note on Monday. Citigroup started coverage on Lincoln National in a report on Monday, May 23rd. They set a "neutral" rating and a $56.00 target price on the stock. Finally, The Goldman Sachs Group reduced their price target on Lincoln National from $78.00 to $60.00 and set a "neutral" rating for the company in a research report on Monday, June 6th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $61.90.
Lincoln National Stock Performance
LNC opened at $50.87 on Friday. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.71. The stock has a market cap of $8.66 billion, a price-to-earnings ratio of 10.60, a PEG ratio of 0.33 and a beta of 1.89. Lincoln National has a 12-month low of $44.89 and a 12-month high of $77.57. The business has a 50 day moving average of $48.59 and a 200-day moving average of $58.13.
Lincoln National Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Monday, October 10th will be issued a $0.45 dividend. The ex-dividend date is Thursday, October 6th. This represents a $1.80 annualized dividend and a dividend yield of 3.54%. Lincoln National's dividend payout ratio is currently 37.50%.