Piper Sandler Issues Pessimistic Forecast for Lincoln National (NYSE:LNC) Stock Price

Lincoln National (NYSE:LNC) had its price target lowered by Piper Sandler from $38.00 to $36.00 in a research note published on Friday,Benzinga reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

Several other research analysts have also recently issued reports on the company. UBS Group increased their price objective on Lincoln National from $32.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods dropped their price objective on Lincoln National from $40.00 to $38.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 9th. Barclays increased their target price on Lincoln National from $38.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday. Wells Fargo & Company dropped their target price on Lincoln National from $36.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 10th. Finally, Evercore ISI increased their target price on Lincoln National from $41.00 to $44.00 and gave the company an “in-line” rating in a research report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Lincoln National currently has an average rating of “Hold” and a consensus target price of $36.27.

Lincoln National Stock Down 0.1%

Shares of NYSE:LNC opened at $33.34 on Friday. Lincoln National has a 52-week low of $27.58 and a 52-week high of $39.85. The stock has a market cap of $5.69 billion, a P/E ratio of 1.81, a price-to-earnings-growth ratio of 0.30 and a beta of 1.42. The business’s 50 day moving average is $33.39 and its 200 day moving average is $34.03. 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 (NYSE:LNC) last announced its quarterly earnings data on Thursday, May 8th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.06. Lincoln National had a return on equity of 18.47% and a net margin of 17.76%. The company had revenue of $4.69 billion for the quarter, compared to analysts’ expectations of $4.71 billion. During the same quarter in the prior year, the firm earned $0.41 earnings per share. Lincoln National’s revenue was up 14.0% compared to the same quarter last year. Sell-side analysts predict that Lincoln National will post 7.69 EPS for the current year.

Lincoln National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were given a $0.45 dividend. The ex-dividend date was Thursday, April 10th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.40%. Lincoln National’s payout ratio is 9.79%.

Institutional Trading of Lincoln National

Institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. raised its stake in Lincoln National by 89.1% in the 3rd quarter. Franklin Resources Inc. now owns 95,677 shares of the financial services provider’s stock worth $3,149,000 after acquiring an additional 45,086 shares during the last quarter. Principal Financial Group Inc. raised its stake in Lincoln National by 7.2% in the 3rd quarter. Principal Financial Group Inc. now owns 3,309,453 shares of the financial services provider’s stock worth $104,281,000 after acquiring an additional 223,129 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in Lincoln National in the 4th quarter worth $123,000. CHURCHILL MANAGEMENT Corp raised its stake in Lincoln National by 4.1% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 286,286 shares of the financial services provider’s stock worth $9,078,000 after acquiring an additional 11,216 shares during the last quarter. Finally, BluePath Capital Management LLC raised its stake in Lincoln National by 20.0% in the 4th quarter. BluePath Capital Management LLC now owns 25,238 shares of the financial services provider’s stock worth $776,000 after acquiring an additional 4,205 shares during the last quarter. Institutional investors and hedge funds own 72.81% of the company’s stock.

Lincoln National Company Profile

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.