Lincoln National (NYSE:LNC) PT Raised to $32.00 at Piper Sandler

Lincoln National (NYSE:LNC) had its target price raised by Piper Sandler from $28.00 to $32.00 in a report issued on Friday morning, Benzinga reports. The firm currently has a neutral rating on the financial services provider’s stock.

Several other research analysts have also recently issued reports on the company. TheStreet cut Lincoln National from a c rating to a d+ rating in a research note on Thursday, February 8th. UBS Group increased their price objective on Lincoln National from $25.00 to $28.00 and gave the stock a neutral rating in a research note on Wednesday, January 10th. JPMorgan Chase & Co. increased their price objective on Lincoln National from $26.00 to $29.00 and gave the stock an underweight rating in a research note on Tuesday, April 2nd. Evercore ISI increased their price objective on Lincoln National from $32.00 to $33.00 and gave the stock an in-line rating in a research note on Thursday, March 21st. Finally, StockNews.com cut Lincoln National from a hold rating to a sell rating in a research report on Thursday, March 28th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $27.60.

Lincoln National Trading Up 0.0 %

Shares of NYSE LNC opened at $30.73 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.26 and a current ratio of 0.26. The business’s 50 day moving average price is $28.04 and its 200-day moving average price is $26.00. Lincoln National has a fifty-two week low of $18.50 and a fifty-two week high of $32.43. The company has a market cap of $5.21 billion, a price-to-earnings ratio of -6.16, a PEG ratio of 0.20 and a beta of 1.81.

Lincoln National (NYSE:LNC) last issued its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.13. Lincoln National had a positive return on equity of 20.81% and a negative net margin of 6.46%. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $4.44 billion. On average, sell-side analysts expect that Lincoln National will post 6.58 earnings per share for the current year.

Lincoln National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.80 annualized dividend and a yield of 5.86%. Lincoln National’s dividend payout ratio (DPR) is -36.07%.

Insiders Place Their Bets

In other news, Director Owen Ryan purchased 10,000 shares of the stock in a transaction on Friday, February 9th. The stock was bought at an average price of $25.90 per share, with a total value of $259,000.00. Following the transaction, the director now owns 10,000 shares in the company, valued at approximately $259,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.55% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Lincoln National

Institutional investors and hedge funds have recently modified their holdings of the stock. Private Advisor Group LLC raised its holdings in Lincoln National by 4.2% in the 1st quarter. Private Advisor Group LLC now owns 6,980 shares of the financial services provider’s stock worth $456,000 after purchasing an additional 284 shares during the period. SVB Wealth LLC raised its holdings in Lincoln National by 7.1% in the 1st quarter. SVB Wealth LLC now owns 4,626 shares of the financial services provider’s stock worth $303,000 after purchasing an additional 307 shares during the period. Security Financial Services INC. raised its holdings in Lincoln National by 4.6% in the 4th quarter. Security Financial Services INC. now owns 8,803 shares of the financial services provider’s stock worth $237,000 after purchasing an additional 385 shares during the period. Vident Investment Advisory LLC raised its holdings in Lincoln National by 5.5% in the 4th quarter. Vident Investment Advisory LLC now owns 7,500 shares of the financial services provider’s stock worth $230,000 after purchasing an additional 389 shares during the period. Finally, Great West Life Assurance Co. Can raised its holdings in Lincoln National by 0.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 162,771 shares of the financial services provider’s stock worth $11,192,000 after purchasing an additional 407 shares during the period. Institutional investors and hedge funds own 72.81% of the company’s stock.

Lincoln National Company Profile

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates in four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders.