Lincoln National (NYSE:LNC)‘s stock had its “buy” rating reaffirmed by research analysts at Royal Bank Of Canada in a research report issued to clients and investors on Friday. They currently have a $86.00 price objective on the financial services provider’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 9.50% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. Barclays increased their price target on Lincoln National from $84.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, August 11th. Zacks Investment Research raised Lincoln National from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a research note on Wednesday, September 6th. Citigroup reissued a “buy” rating and issued a $83.00 price target (up previously from $82.00) on shares of Lincoln National in a research note on Thursday, September 14th. BidaskClub cut Lincoln National from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Finally, B. Riley reissued a “neutral” rating on shares of Lincoln National in a research note on Monday, November 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. Lincoln National has an average rating of “Hold” and a consensus target price of $78.70.

Lincoln National (NYSE LNC) opened at $78.54 on Friday. The company has a market capitalization of $16,978.97, a price-to-earnings ratio of 10.25, a P/E/G ratio of 1.16 and a beta of 2.01. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.11 and a current ratio of 0.11. Lincoln National has a 52 week low of $61.45 and a 52 week high of $78.73.

Lincoln National (NYSE:LNC) last issued its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $2.03 EPS for the quarter, topping the Zacks’ consensus estimate of $1.84 by $0.19. Lincoln National had a return on equity of 11.16% and a net margin of 10.50%. The firm had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.62 billion. During the same period in the prior year, the business earned $1.89 EPS. The firm’s revenue was down .4% on a year-over-year basis. analysts anticipate that Lincoln National will post 7.7 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Lincoln National by 3.3% in the second quarter. Vanguard Group Inc. now owns 23,649,087 shares of the financial services provider’s stock valued at $1,598,205,000 after buying an additional 764,714 shares during the period. BlackRock Inc. lifted its holdings in shares of Lincoln National by 1.9% in the second quarter. BlackRock Inc. now owns 18,774,399 shares of the financial services provider’s stock valued at $1,268,774,000 after buying an additional 355,633 shares during the period. FMR LLC lifted its holdings in shares of Lincoln National by 1.3% in the second quarter. FMR LLC now owns 7,470,115 shares of the financial services provider’s stock valued at $504,830,000 after buying an additional 95,605 shares during the period. LSV Asset Management lifted its holdings in shares of Lincoln National by 3.8% in the second quarter. LSV Asset Management now owns 5,157,271 shares of the financial services provider’s stock valued at $348,528,000 after buying an additional 187,800 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Lincoln National by 32.0% in the second quarter. JPMorgan Chase & Co. now owns 3,537,245 shares of the financial services provider’s stock valued at $239,047,000 after buying an additional 857,436 shares during the period. Institutional investors and hedge funds own 80.44% of the company’s stock.

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Lincoln National 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. 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.

Analyst Recommendations for Lincoln National (NYSE:LNC)

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