Wells Fargo & Company Issues Pessimistic Forecast for Lincoln National (NYSE:LNC) Stock Price

Lincoln National (NYSE:LNC) had its price target cut by research analysts at Wells Fargo & Company from $36.00 to $31.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the financial services provider’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 5.02% from the stock’s previous close.

Several other research firms also recently commented on LNC. Barclays increased their target price on shares of Lincoln National from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Morgan Stanley cut their price objective on shares of Lincoln National from $42.00 to $32.00 and set an “equal weight” rating for the company in a report on Thursday. Keefe, Bruyette & Woods lowered their target price on shares of Lincoln National from $40.00 to $38.00 and set a “market perform” rating on the stock in a report on Wednesday. Evercore ISI raised their price target on Lincoln National from $41.00 to $44.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. Finally, UBS Group boosted their price objective on Lincoln National from $32.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $35.91.

Lincoln National Trading Down 0.9 %

NYSE:LNC opened at $29.52 on Thursday. Lincoln National has a 12 month low of $25.80 and a 12 month high of $39.85. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.80. The firm’s 50 day moving average is $35.85 and its 200 day moving average is $34.08. The stock has a market capitalization of $5.03 billion, a PE ratio of 1.61, a price-to-earnings-growth ratio of 0.30 and a beta of 1.56.

Lincoln National (NYSE:LNC) last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.91 earnings per share (EPS) 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%. Sell-side analysts expect that Lincoln National will post 7.69 earnings per share for the current year.

Institutional Trading of Lincoln National

Large investors have recently modified their holdings of the business. M Holdings Securities Inc. purchased a new stake in Lincoln National in the fourth quarter valued at approximately $29,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Lincoln National during the 4th quarter valued at $32,000. NBC Securities Inc. bought a new stake in shares of Lincoln National during the 1st quarter worth $33,000. 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.