Research analysts at Credit Suisse Group AG initiated coverage on shares of Lincoln National Corp. (NYSE:LNC) in a note issued to investors on Friday. The brokerage set a “neutral” rating on the stock.

Other equities analysts have also issued research reports about the company. Morgan Stanley reaffirmed a “buy” rating on shares of Lincoln National Corp. in a research note on Friday, June 10th. FBR & Co reaffirmed a “buy” rating on shares of Lincoln National Corp. in a research note on Friday, June 10th. Evercore ISI started coverage on Lincoln National Corp. in a research note on Wednesday, July 6th. They set a “buy” rating and a $47.00 price target on the stock. Deutsche Bank AG cut their price target on Lincoln National Corp. from $57.00 to $53.00 and set a “hold” rating on the stock in a research note on Thursday, July 7th. Finally, Wells Fargo & Co. started coverage on Lincoln National Corp. in a research note on Friday, September 23rd. They set a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Lincoln National Corp. has an average rating of “Hold” and an average target price of $52.36.

Shares of Lincoln National Corp. (NYSE:LNC) opened at 49.20 on Friday. The firm has a market capitalization of $11.45 billion, a PE ratio of 11.79 and a beta of 2.04. Lincoln National Corp. has a 1-year low of $30.39 and a 1-year high of $57.54. The firm’s 50 day moving average is $46.89 and its 200 day moving average is $43.53.

Lincoln National Corp. (NYSE:LNC) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $1.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.58 by $0.02. Lincoln National Corp. had a net margin of 7.71% and a return on equity of 9.27%. The firm had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.45 billion. During the same period last year, the company earned $1.46 EPS. The company’s revenue was down .6% compared to the same quarter last year. Analysts anticipate that Lincoln National Corp. will post $6.07 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Investors of record on Monday, October 10th will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, October 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.03%. Lincoln National Corp.’s payout ratio is presently 23.92%.

In related news, EVP Lisa Buckingham sold 12,881 shares of the stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $48.26, for a total transaction of $621,637.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Patrick S. Pittard sold 10,382 shares of the stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $46.67, for a total value of $484,527.94. Following the transaction, the director now owns 13,115 shares of the company’s stock, valued at $612,077.05. The disclosure for this sale can be found here. Corporate insiders own 1.41% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC increased its position in Lincoln National Corp. by 49.5% in the first quarter. Acadian Asset Management LLC now owns 6,922 shares of the company’s stock worth $271,000 after buying an additional 2,293 shares during the last quarter. Commonwealth Equity Services Inc increased its position in Lincoln National Corp. by 0.8% in the first quarter. Commonwealth Equity Services Inc now owns 21,415 shares of the company’s stock worth $839,000 after buying an additional 164 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in Lincoln National Corp. by 7.9% in the first quarter. TIAA CREF Investment Management LLC now owns 1,199,935 shares of the company’s stock worth $47,037,000 after buying an additional 87,404 shares in the last quarter. Teachers Advisors Inc. increased its position in Lincoln National Corp. by 11.8% in the first quarter. Teachers Advisors Inc. now owns 408,970 shares of the company’s stock worth $16,032,000 after buying an additional 43,298 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in Lincoln National Corp. by 3.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 7,990,933 shares of the company’s stock worth $313,245,000 after buying an additional 232,131 shares in the last quarter. Institutional investors and hedge funds own 78.68% of the company’s stock.

Lincoln National Corp. Company Profile

Lincoln National Corporation is a holding company, which operates insurance and retirement businesses through subsidiary companies. The Company sells a range of wealth protection, accumulation and retirement income products and solutions, through its business segments. It operates through four segments: Annuities segment, which offers fixed (including indexed) and variable annuities; Retirement Plan Services segment, which provides employers with retirement plan products and services; Life Insurance segment, which focuses in the creation and protection of wealth through life insurance products, and Group Protection, which offers principally group non-medical insurance products.

5 Day Chart for NYSE:LNC

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