FY2017 EPS Estimates for Lincoln National Co. (LNC) Lifted by Analyst
Lincoln National Co. (NYSE:LNC) – B. Riley upped their FY2017 EPS estimates for shares of Lincoln National in a research note issued to investors on Thursday, according to Zacks Investment Research. B. Riley analyst R. Binner now expects that the financial services provider will post earnings per share of $7.67 for the year, up from their previous estimate of $7.65. B. Riley currently has a “Neutral” rating on the stock. B. Riley also issued estimates for Lincoln National’s Q4 2017 earnings at $1.88 EPS.
Several other research analysts also recently issued reports on the company. Royal Bank of Canada reaffirmed a “buy” rating and set a $86.00 price target on shares of Lincoln National in a research note on Friday, December 8th. Barclays reissued a “buy” rating and issued a $90.00 target price on shares of Lincoln National in a research note on Tuesday, January 9th. Morgan Stanley boosted their target price on shares of Lincoln National from $76.00 to $77.00 and gave the company an “equal weight” rating in a research note on Thursday, October 5th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $89.00 target price on shares of Lincoln National in a research note on Friday, December 22nd. Finally, Zacks Investment Research raised shares of Lincoln National from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a research note on Monday, January 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $83.27.
Lincoln National (NYSE:LNC) last released its earnings results on Wednesday, November 1st. The financial services provider reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.19. The company had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.62 billion. Lincoln National had a return on equity of 11.16% and a net margin of 10.50%. Lincoln National’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter last year, the company earned $1.89 earnings per share.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Meritage Portfolio Management purchased a new stake in Lincoln National in the 4th quarter valued at about $6,008,000. Verde Servicos Internacionais S.A. purchased a new stake in Lincoln National in the 4th quarter valued at about $4,567,000. Seminole Management Co. Inc. purchased a new stake in Lincoln National in the 4th quarter valued at about $9,862,000. Commerzbank Aktiengesellschaft FI purchased a new stake in Lincoln National in the 4th quarter valued at about $256,000. Finally, Robeco Institutional Asset Management B.V. grew its holdings in Lincoln National by 19.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 703,223 shares of the financial services provider’s stock valued at $54,055,000 after buying an additional 114,219 shares during the period. Institutional investors own 80.54% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be issued a $0.33 dividend. This is a boost from Lincoln National’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.32 annualized dividend and a yield of 1.54%. Lincoln National’s payout ratio is 20.59%.
Lincoln National announced that its board has approved a stock repurchase plan on Friday, January 19th that allows the company to repurchase shares. This repurchase authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
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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.
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