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 equities research analysts have recently commented on the company. JPMorgan Chase & Co. dropped their target price on Lincoln National from $83.00 to $77.00 in a research report on Monday, July 11th. 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 research note on Wednesday, July 6th. The Goldman Sachs Group dropped their price target on shares of Lincoln National from $78.00 to $60.00 and set a "neutral" rating on the stock in a research note on Monday, June 6th. Piper Sandler decreased their price objective on shares of Lincoln National from $70.00 to $55.00 and set an "overweight" rating on the stock in a report on Friday, July 8th. Finally, Morgan Stanley cut their target price on shares of Lincoln National from $80.00 to $68.00 and set an "overweight" rating for the company in a research note on Wednesday, July 6th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Lincoln National currently has an average rating of "Hold" and an average target price of $61.90.
Lincoln National Price Performance
Shares of NYSE:LNC traded up $1.01 during midday trading on Thursday, hitting $50.77. The company's stock had a trading volume of 12,858 shares, compared to its average volume of 1,812,384. The company has a market cap of $8.64 billion, a P/E ratio of 10.37, a price-to-earnings-growth ratio of 0.34 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's 50 day simple moving average is $48.66 and its 200 day simple moving average is $58.26. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.19 and a current ratio of 0.19.
Lincoln National Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Monday, October 10th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend is Thursday, October 6th. Lincoln National's dividend payout ratio is currently 37.50%.