FY2017 Earnings Forecast for Lincoln National Co. (LNC) Issued By B. Riley
Lincoln National Co. (NYSE:LNC) – B. Riley increased their FY2017 earnings per share estimates for Lincoln National in a research note issued on Monday. B. Riley analyst R. Binner now expects that the financial services provider will post earnings per share of $7.65 for the year, up from their prior forecast of $7.60. B. Riley has a “Neutral” rating on the stock. B. Riley also issued estimates for Lincoln National’s Q4 2017 earnings at $1.85 EPS.
A number of other equities analysts also recently issued reports on the company. Wells Fargo & Company set a $80.00 target price on Lincoln National and gave the stock a “hold” rating in a research note on Thursday, November 16th. ValuEngine cut Lincoln National from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 9th. Morgan Stanley upped their price target on Lincoln National from $77.00 to $79.00 and gave the stock an “equal weight” rating in a report on Thursday, November 2nd. Goldman Sachs Group initiated coverage on Lincoln National in a report on Wednesday, October 18th. They issued a “sell” rating and a $71.00 price target on the stock. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $83.00 price target on shares of Lincoln National in a report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. Lincoln National currently has an average rating of “Hold” and an average price target of $78.40.
Lincoln National (NYSE:LNC) last issued its earnings results on Wednesday, November 1st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.19. The business had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.62 billion. Lincoln National had a return on equity of 11.16% and a net margin of 10.50%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the business posted $1.89 EPS.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Tuesday, January 9th. This is a positive change from Lincoln National’s previous quarterly dividend of $0.29. Lincoln National’s dividend payout ratio is currently 18.15%.
Several institutional investors and hedge funds have recently modified their holdings of LNC. Hellman Jordan Management Co. Inc. MA raised its position in Lincoln National by 26.8% in the third quarter. Hellman Jordan Management Co. Inc. MA now owns 13,812 shares of the financial services provider’s stock valued at $1,015,000 after purchasing an additional 2,921 shares during the period. Shelton Capital Management purchased a new position in Lincoln National in the third quarter valued at about $4,314,000. Steward Partners Investment Advisory LLC purchased a new position in Lincoln National in the third quarter valued at about $979,000. WealthTrust Fairport LLC raised its position in Lincoln National by 20.0% in the third quarter. WealthTrust Fairport LLC now owns 66,759 shares of the financial services provider’s stock valued at $4,905,000 after purchasing an additional 11,142 shares during the period. Finally, Belpointe Asset Management LLC purchased a new position in Lincoln National in the third quarter valued at about $460,000. 80.44% of the stock is currently owned by institutional investors and hedge funds.
About Lincoln National
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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