Lincoln National (LNC) Scheduled to Post Quarterly Earnings on Thursday

Lincoln National (NYSE:LNCGet Free Report) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, February 8th. Analysts expect the company to announce earnings of $1.41 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Lincoln National (NYSE:LNCGet Free Report) last announced its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $0.23 EPS for the quarter, missing the consensus estimate of $1.76 by ($1.53). The company had revenue of $4.67 billion during the quarter, compared to analyst estimates of $4.75 billion. Lincoln National had a net margin of 3.23% and a return on equity of 21.62%. On average, analysts expect Lincoln National to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Lincoln National Price Performance

Shares of LNC stock opened at $27.45 on Thursday. The stock’s fifty day simple moving average is $26.58 and its 200 day simple moving average is $25.46. The company has a debt-to-equity ratio of 2.67, a current ratio of 0.19 and a quick ratio of 0.19. The firm has a market cap of $4.66 billion, a price-to-earnings ratio of 11.58 and a beta of 1.82. Lincoln National has a one year low of $18.50 and a one year high of $36.50.

Lincoln National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 6.56%. The ex-dividend date is Tuesday, January 9th. Lincoln National’s dividend payout ratio is 75.95%.

Institutional Investors Weigh In On Lincoln National

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in Lincoln National by 2.1% in the second quarter. BlackRock Inc. now owns 11,034,652 shares of the financial services provider’s stock valued at $284,253,000 after purchasing an additional 222,904 shares during the last quarter. State Street Corp increased its holdings in Lincoln National by 20.8% in the third quarter. State Street Corp now owns 9,443,719 shares of the financial services provider’s stock valued at $414,674,000 after purchasing an additional 1,628,081 shares during the last quarter. Morgan Stanley increased its holdings in Lincoln National by 12.4% in the third quarter. Morgan Stanley now owns 5,313,420 shares of the financial services provider’s stock valued at $131,188,000 after purchasing an additional 585,977 shares during the last quarter. Millennium Management LLC increased its holdings in Lincoln National by 249.3% in the fourth quarter. Millennium Management LLC now owns 4,420,920 shares of the financial services provider’s stock valued at $135,811,000 after purchasing an additional 3,155,232 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Lincoln National by 15.9% in the first quarter. Invesco Ltd. now owns 3,005,501 shares of the financial services provider’s stock valued at $196,440,000 after purchasing an additional 411,343 shares during the last quarter. Institutional investors own 71.89% of the company’s stock.

Wall Street Analysts Forecast Growth

LNC has been the topic of several recent analyst reports. Morgan Stanley decreased their price target on Lincoln National from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 2nd. TheStreet raised Lincoln National from a “d+” rating to a “c” rating in a research note on Wednesday, November 1st. Wells Fargo & Company reduced their price objective on Lincoln National from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 17th. JPMorgan Chase & Co. lowered Lincoln National from a “neutral” rating to an “underweight” rating and set a $26.00 price objective on the stock. in a research note on Wednesday, January 3rd. Finally, Piper Sandler reduced their price objective on Lincoln National from $27.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, November 3rd. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Lincoln National presently has an average rating of “Hold” and a consensus target price of $26.20.

View Our Latest Report on Lincoln National

Lincoln National Company Profile

(Get Free Report)

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The company's 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.

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Earnings History for Lincoln National (NYSE:LNC)

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