Lincoln National Co. (NYSE:LNC) – Analysts at B. Riley dropped their FY2018 EPS estimates for Lincoln National in a research report issued to clients and investors on Tuesday, January 8th. B. Riley analyst R. Binner now forecasts that the financial services provider will post earnings per share of $8.48 for the year, down from their prior estimate of $8.60. B. Riley also issued estimates for Lincoln National’s FY2019 earnings at $9.35 EPS and FY2020 earnings at $10.30 EPS.

Lincoln National (NYSE:LNC) last released its quarterly earnings data on Thursday, November 1st. The financial services provider reported $2.34 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.17. Lincoln National had a return on equity of 11.61% and a net margin of 13.14%. The business had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.25 billion. During the same quarter in the prior year, the business posted $1.87 EPS. The business’s revenue for the quarter was up 21.4% on a year-over-year basis.

A number of other research firms also recently commented on LNC. Zacks Investment Research upgraded Lincoln National from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Monday, December 17th. ValuEngine upgraded Lincoln National from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 13th. Bank of America dropped their price objective on Lincoln National from $79.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, November 2nd. Finally, Deutsche Bank dropped their price objective on Lincoln National from $74.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, November 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $74.69.

LNC opened at $54.49 on Thursday. Lincoln National has a one year low of $48.07 and a one year high of $86.68. The stock has a market capitalization of $11.48 billion, a PE ratio of 6.99 and a beta of 1.89. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.39.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 1st. Shareholders of record on Thursday, January 10th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.72%. This is a boost from Lincoln National’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, January 9th. Lincoln National’s dividend payout ratio (DPR) is presently 16.94%.

In other Lincoln National news, EVP Jamie Ohl sold 2,152 shares of the stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $58.00, for a total transaction of $124,816.00. Following the completion of the sale, the executive vice president now directly owns 12,732 shares of the company’s stock, valued at approximately $738,456. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.12% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of LNC. Legal & General Group Plc lifted its holdings in shares of Lincoln National by 2.3% in the 3rd quarter. Legal & General Group Plc now owns 1,051,772 shares of the financial services provider’s stock valued at $71,151,000 after buying an additional 23,662 shares during the period. Standard Life Aberdeen plc lifted its holdings in shares of Lincoln National by 7.7% in the 3rd quarter. Standard Life Aberdeen plc now owns 89,161 shares of the financial services provider’s stock valued at $6,033,000 after buying an additional 6,357 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Lincoln National by 8.5% in the 3rd quarter. Nordea Investment Management AB now owns 268,753 shares of the financial services provider’s stock valued at $18,182,000 after buying an additional 21,060 shares during the period. Kentucky Retirement Systems acquired a new stake in shares of Lincoln National in the 3rd quarter valued at approximately $1,118,000. Finally, Captrust Financial Advisors increased its stake in Lincoln National by 66.8% in the 3rd quarter. Captrust Financial Advisors now owns 4,086 shares of the financial services provider’s stock valued at $276,000 after purchasing an additional 1,637 shares in the last quarter. 80.48% of the stock is owned by institutional investors.

About Lincoln National

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The company sells a range of wealth protection, accumulation, and retirement income products and solutions.

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