Keefe, Bruyette & Woods Lowers Lincoln National (NYSE:LNC) Price Target to $38.00

Lincoln National (NYSE:LNC) had its price target dropped by equities research analysts at Keefe, Bruyette & Woods from $40.00 to $38.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 27.75% from the company’s previous close.

A number of other brokerages have also recently issued reports on LNC. Barclays boosted their price objective on Lincoln National from $36.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. Evercore ISI upped their price target on shares of Lincoln National from $41.00 to $44.00 and gave the company an “in-line” rating in a research note on Wednesday, February 19th. Morgan Stanley lifted their price objective on shares of Lincoln National from $39.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. UBS Group increased their target price on Lincoln National from $32.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 2nd. Finally, Wells Fargo & Company lifted their price target on Lincoln National from $28.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $35.91.

Lincoln National Stock Down 9.9 %

LNC opened at $29.75 on Wednesday. The company’s 50-day moving average price is $35.93 and its two-hundred day moving average price is $34.09. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.80. Lincoln National has a twelve month low of $25.80 and a twelve month high of $39.85. The stock has a market cap of $5.07 billion, a price-to-earnings ratio of 1.62, a PEG ratio of 0.30 and a beta of 1.56.

Lincoln National (NYSE:LNC) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.04. Lincoln National had a return on equity of 18.47% and a net margin of 17.76%. As a group, equities analysts expect that Lincoln National will post 7.69 earnings per share for the current year.

Institutional Trading of Lincoln National

A number of large investors have recently modified their holdings of LNC. NBC Securities Inc. bought a new position in shares of Lincoln National in the first quarter worth approximately $33,000. M Holdings Securities Inc. bought a new position in shares of Lincoln National in the 4th quarter worth $29,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Lincoln National during the 4th quarter valued at $32,000. Headlands Technologies LLC bought a new stake in shares of Lincoln National during the 4th quarter worth $35,000. Finally, SBI Securities Co. Ltd. purchased a new position in Lincoln National in the fourth quarter worth $36,000. Institutional investors own 72.81% of the company’s stock.

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.