Lincoln National (NYSE:LNC) Issues Quarterly Earnings Results

Lincoln National (NYSE:LNC) posted its earnings results on Thursday. The financial services provider reported $1.91 EPS for the quarter, topping the consensus estimate of $1.87 by $0.04, Zacks reports. Lincoln National had a net margin of 2.51% and a return on equity of 18.15%.

Lincoln National Price Performance

LNC stock traded up $1.97 during mid-day trading on Thursday, reaching $35.74. 2,906,206 shares of the company traded hands, compared to its average volume of 1,472,500. The company has a fifty day moving average price of $32.90 and a 200-day moving average price of $32.43. Lincoln National has a 52-week low of $25.09 and a 52-week high of $36.98. The company has a market capitalization of $6.09 billion, a P/E ratio of 25.53, a P/E/G ratio of 0.27 and a beta of 1.79. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.27 and a quick ratio of 0.27.

Lincoln National Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were issued a dividend of $0.45 per share. The ex-dividend date was Friday, January 10th. This represents a $1.80 dividend on an annualized basis and a yield of 5.04%. Lincoln National’s dividend payout ratio (DPR) is 128.57%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on LNC shares. StockNews.com upgraded Lincoln National from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Wells Fargo & Company dropped their target price on shares of Lincoln National from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Barclays decreased their price target on shares of Lincoln National from $38.00 to $36.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. Finally, TD Cowen upped their price objective on Lincoln National from $34.00 to $37.00 and gave the company a “hold” rating in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $33.40.

About Lincoln National

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.