Lincoln National (NYSE:LNC – Get Free Report) had its price objective cut by research analysts at Wells Fargo & Company from $27.00 to $25.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 3.91% from the company’s previous close.
Other equities research analysts have also issued reports about the company. StockNews.com began coverage on Lincoln National in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Morgan Stanley upped their price objective on Lincoln National from $31.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 3rd. Jefferies Financial Group upped their price objective on Lincoln National from $18.00 to $19.00 and gave the stock an “underperform” rating in a research note on Thursday, September 14th. Raymond James began coverage on Lincoln National in a research note on Wednesday, July 26th. They issued a “market perform” rating for the company. Finally, Piper Sandler reduced their price objective on Lincoln National from $29.00 to $27.00 and set a “neutral” rating for the company in a research note on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $29.92.
Get Our Latest Research Report on LNC
Lincoln National Price Performance
Lincoln National (NYSE:LNC – Get Free Report) last announced its earnings results on Wednesday, August 2nd. The financial services provider reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.10. The business had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.65 billion. Lincoln National had a negative net margin of 18.67% and a negative return on equity of 22.54%. During the same period in the previous year, the business earned $2.23 EPS. On average, equities analysts anticipate that Lincoln National will post 7.14 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in LNC. American Century Companies Inc. lifted its holdings in shares of Lincoln National by 11.6% in the 1st quarter. American Century Companies Inc. now owns 17,600 shares of the financial services provider’s stock valued at $1,151,000 after acquiring an additional 1,835 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of Lincoln National by 4.2% in the 1st quarter. Private Advisor Group LLC now owns 6,980 shares of the financial services provider’s stock valued at $456,000 after acquiring an additional 284 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Lincoln National by 2,066.8% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 17,768 shares of the financial services provider’s stock valued at $1,161,000 after acquiring an additional 16,948 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Lincoln National by 24.7% in the 1st quarter. MetLife Investment Management LLC now owns 46,808 shares of the financial services provider’s stock valued at $3,059,000 after acquiring an additional 9,279 shares during the last quarter. Finally, Panagora Asset Management Inc. lifted its holdings in shares of Lincoln National by 107.8% in the 1st quarter. Panagora Asset Management Inc. now owns 10,455 shares of the financial services provider’s stock valued at $683,000 after acquiring an additional 5,423 shares during the last quarter. Institutional investors own 71.89% 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 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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