Jefferies Financial Group Upgrades Lincoln National (NYSE:LNC) to “Buy”

Lincoln National (NYSE:LNCGet Free Report) was upgraded by analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. The brokerage presently has a $34.00 price target on the financial services provider’s stock, up from their previous price target of $26.00. Jefferies Financial Group’s price target suggests a potential upside of 7.39% from the company’s current price.

Other analysts have also recently issued reports about the stock. Evercore ISI upped their price target on shares of Lincoln National from $33.00 to $35.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. Piper Sandler dropped their target price on Lincoln National from $32.00 to $30.00 and set a “neutral” rating on the stock in a research report on Monday, May 6th. Keefe, Bruyette & Woods lifted their price target on Lincoln National from $30.00 to $32.00 and gave the company a “market perform” rating in a report on Wednesday, April 10th. TheStreet downgraded shares of Lincoln National from a “c” rating to a “d+” rating in a report on Thursday, February 8th. Finally, Wells Fargo & Company cut their target price on Lincoln National from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday, May 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $29.90.

Get Our Latest Research Report on LNC

Lincoln National Price Performance

LNC opened at $31.66 on Wednesday. The company has a 50 day moving average of $29.29 and a two-hundred day moving average of $27.30. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.87. Lincoln National has a 52-week low of $20.47 and a 52-week high of $32.43. The company has a market cap of $5.38 billion, a P/E ratio of 4.33, a P/E/G ratio of 0.24 and a beta of 1.80.

Lincoln National (NYSE:LNCGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.27. Lincoln National had a net margin of 11.31% and a return on equity of 19.50%. The company had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.64 billion. On average, analysts expect that Lincoln National will post 5.91 earnings per share for the current year.

Hedge Funds Weigh In On Lincoln National

Several institutional investors and hedge funds have recently bought and sold shares of the business. Central Pacific Bank Trust Division acquired a new position in Lincoln National in the first quarter worth approximately $25,000. Brown Brothers Harriman & Co. acquired a new stake in Lincoln National in the 4th quarter worth approximately $27,000. Financial Gravity Asset Management Inc. boosted its holdings in shares of Lincoln National by 3,930.8% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 1,048 shares of the financial services provider’s stock worth $26,000 after buying an additional 1,022 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Lincoln National by 249.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,223 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 873 shares during the period. Finally, Westend Capital Management LLC acquired a new stake in Lincoln National in the 1st quarter valued at approximately $40,000. Hedge funds and other institutional investors own 72.81% of the company’s stock.

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 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.

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Analyst Recommendations for Lincoln National (NYSE:LNC)

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