Lincoln National (LNC) Stock Rating Reaffirmed by Royal Bank Of Canada
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.
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.
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