Lincoln National Corporation (LNC) Earns Daily Coverage Optimism Rating of 0.13
News headlines about Lincoln National Corporation (NYSE:LNC) have trended somewhat positive on Tuesday, according to Accern. Accern scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Lincoln National Corporation earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 46.4082266308641 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news headlines that may have impacted Accern’s scoring:
- Manulife Financial Corp (MFC) & Lincoln National Corporation (LNC) Head to Head Comparison (americanbankingnews.com)
- Lincoln National Corporation (NYSE:LNC) Given Average Rating of “Buy” by Brokerages (americanbankingnews.com)
- Lincoln National Corporation (NYSE:LNC) Downgraded by BidaskClub (americanbankingnews.com)
- Barclays PLC Boosts Lincoln National Corporation (NYSE:LNC) Price Target to $85.00 (americanbankingnews.com)
- IHS Markit Score Update: Drop in demand for ETFs holding Lincoln National Corp is a negative sign for its shares (finance.yahoo.com)
Shares of Lincoln National Corporation (LNC) traded up 0.01% during midday trading on Tuesday, reaching $72.17. The company had a trading volume of 1,256,643 shares. The firm’s 50 day moving average price is $71.16 and its 200-day moving average price is $68.23. Lincoln National Corporation has a 1-year low of $44.68 and a 1-year high of $75.78. The stock has a market capitalization of $15.98 billion, a price-to-earnings ratio of 10.99 and a beta of 1.99.
Lincoln National Corporation (NYSE:LNC) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $1.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.73 by $0.12. The business had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.56 billion. Lincoln National Corporation had a return on equity of 10.99% and a net margin of 10.85%. Lincoln National Corporation’s revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.56 EPS. Equities research analysts expect that Lincoln National Corporation will post $7.45 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Friday, October 6th. Lincoln National Corporation’s dividend payout ratio (DPR) is presently 17.79%.
Several research firms have recently issued reports on LNC. Zacks Investment Research raised Lincoln National Corporation from a “hold” rating to a “strong-buy” rating and set a $81.00 target price on the stock in a research note on Tuesday, July 11th. Bank of America Corporation set a $78.00 target price on Lincoln National Corporation in a research note on Tuesday, July 4th. Royal Bank Of Canada boosted their target price on Lincoln National Corporation from $77.00 to $83.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Wells Fargo & Company reissued a “hold” rating on shares of Lincoln National Corporation in a research note on Thursday, May 4th. Finally, BidaskClub cut Lincoln National Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $74.10.
In other Lincoln National Corporation news, Director Isaiah Tidwell sold 13,946 shares of Lincoln National Corporation stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $65.04, for a total transaction of $907,047.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.41% of the company’s stock.
About Lincoln National Corporation
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. The Company 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 on the creation and protection of wealth through life insurance products, and Group Protection, which offers principally group non-medical insurance products.
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