Lincoln National Co. (NYSE:LNC)‘s stock had its “hold” rating reiterated by Keefe, Bruyette & Woods in a research report issued on Tuesday. They currently have a $75.00 price target on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 15.88% from the company’s current price.

LNC has been the topic of a number of other reports. Citigroup Inc started coverage on shares of Lincoln National in a research note on Thursday, January 26th. They issued a “buy” rating and a $77.00 price target on the stock. Deutsche Bank AG lifted their price objective on shares of Lincoln National from $66.00 to $69.00 and gave the company a “hold” rating in a report on Monday, January 23rd. Zacks Investment Research upgraded shares of Lincoln National from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Tuesday, January 10th. Royal Bank of Canada lifted their price objective on shares of Lincoln National from $73.00 to $77.00 and gave the company an “outperform” rating in a report on Friday, February 3rd. Finally, Morgan Stanley restated an “equal weight” rating and issued a $71.00 price objective on shares of Lincoln National in a report on Wednesday, December 14th. They noted that the move was a valuation call. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $67.75.

Analyst Recommendations for Lincoln National (NYSE:LNC)

Shares of Lincoln National (NYSE:LNC) opened at 64.72 on Tuesday. The stock has a 50 day moving average price of $66.03 and a 200 day moving average price of $63.49. Lincoln National has a 52 week low of $35.27 and a 52 week high of $73.31. The stock has a market capitalization of $14.58 billion, a P/E ratio of 12.87 and a beta of 2.10.

Lincoln National (NYSE:LNC) last released its quarterly earnings results on Wednesday, February 1st. The financial services provider reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.06. The business had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.45 billion. Lincoln National had a net margin of 8.88% and a return on equity of 9.93%. The business’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.54 EPS. On average, equities research analysts expect that Lincoln National will post $7.00 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, May 1st. Stockholders of record on Monday, April 10th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Thursday, April 6th. Lincoln National’s payout ratio is 23.25%.

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In other news, Director Eric G. Johnson sold 16,599 shares of the company’s stock in a transaction on Friday, March 10th. The shares were sold at an average price of $69.18, for a total value of $1,148,318.82. Following the completion of the transaction, the director now owns 9,254 shares in the company, valued at approximately $640,191.72. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Dennis R. Glass sold 234,847 shares of the company’s stock in a transaction on Tuesday, February 14th. The shares were sold at an average price of $71.81, for a total transaction of $16,864,363.07. Following the completion of the transaction, the chief executive officer now owns 708,676 shares of the company’s stock, valued at approximately $50,890,023.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 482,641 shares of company stock valued at $34,206,653. Company insiders own 1.41% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Bayesian Capital Management LP acquired a new stake in Lincoln National during the fourth quarter valued at approximately $1,624,000. Poplar Forest Capital LLC increased its stake in Lincoln National by 6.7% in the third quarter. Poplar Forest Capital LLC now owns 1,151,536 shares of the financial services provider’s stock valued at $54,099,000 after buying an additional 72,590 shares during the period. State of Tennessee Treasury Department increased its stake in Lincoln National by 23.3% in the third quarter. State of Tennessee Treasury Department now owns 121,553 shares of the financial services provider’s stock valued at $5,710,000 after buying an additional 23,004 shares during the period. Commonwealth Bank of Australia increased its stake in Lincoln National by 1.7% in the third quarter. Commonwealth Bank of Australia now owns 47,550 shares of the financial services provider’s stock valued at $2,233,000 after buying an additional 800 shares during the period. Finally, Tyers Asset Management LLC acquired a new stake in Lincoln National during the fourth quarter valued at approximately $7,142,000. Hedge funds and other institutional investors own 78.34% of the company’s stock.

Lincoln National Company Profile

Lincoln National Corporation is a holding company, which operates insurance and retirement businesses through subsidiary companies. The Company sells a range of wealth protection, accumulation and retirement income products and solutions, through its business segments. The Company operates through four segments: Annuities segment, which offers fixed (including indexed) and variable annuities; Retirement Plan Services segment, which provides employers with retirement plan products and services; Life Insurance segment, which focuses on the creation and protection of wealth through life insurance products, and Group Protection, which offers principally group non-medical insurance products.

5 Day Chart for NYSE:LNC

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