TD Cowen Issues Positive Forecast for Lincoln National (NYSE:LNC) Stock Price

Lincoln National (NYSE:LNC) had its target price raised by stock analysts at TD Cowen from $34.00 to $37.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the financial services provider’s stock. TD Cowen’s price objective suggests a potential upside of 4.34% from the stock’s previous close.

A number of other research firms also recently weighed in on LNC. Piper Sandler dropped their price target on shares of Lincoln National from $37.00 to $34.00 and set a “neutral” rating for the company in a research report on Wednesday, October 2nd. Morgan Stanley decreased their price objective on shares of Lincoln National from $30.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Monday, August 19th. Barclays lifted their price objective on shares of Lincoln National from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Wells Fargo & Company lifted their price objective on shares of Lincoln National from $28.00 to $29.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Finally, StockNews.com raised shares of Lincoln National from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $33.25.

Lincoln National Stock Performance

Lincoln National stock traded up $0.10 during midday trading on Wednesday, reaching $35.46. 137,567 shares of the company’s stock were exchanged, compared to its average volume of 1,621,553. The stock’s 50-day simple moving average is $33.14 and its 200 day simple moving average is $31.96. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a market cap of $6.04 billion, a price-to-earnings ratio of 25.33, a P/E/G ratio of 0.32 and a beta of 1.79. Lincoln National has a 52 week low of $23.40 and a 52 week high of $36.98.

Lincoln National (NYSE:LNC) last issued its quarterly earnings data on Thursday, October 31st. The financial services provider reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.42. The firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.61 billion. Lincoln National had a net margin of 2.51% and a return on equity of 18.15%. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period last year, the business posted $0.23 earnings per share. On average, analysts expect that Lincoln National will post 6.53 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP John Christopher Kennedy sold 2,863 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $36.00, for a total value of $103,068.00. Following the sale, the executive vice president now owns 99,644 shares of the company’s stock, valued at $3,587,184. The trade was a 2.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.54% of the stock is currently owned by insiders.

Institutional Trading of Lincoln National

Institutional investors have recently modified their holdings of the business. OLD National Bancorp IN lifted its holdings in Lincoln National by 4.0% in the third quarter. OLD National Bancorp IN now owns 8,415 shares of the financial services provider’s stock valued at $265,000 after buying an additional 325 shares during the period. Brookstone Capital Management lifted its holdings in Lincoln National by 6.2% in the third quarter. Brookstone Capital Management now owns 6,808 shares of the financial services provider’s stock valued at $215,000 after buying an additional 397 shares during the period. Hexagon Capital Partners LLC lifted its holdings in Lincoln National by 13.3% in the third quarter. Hexagon Capital Partners LLC now owns 3,502 shares of the financial services provider’s stock valued at $110,000 after buying an additional 411 shares during the period. Fifth Third Bancorp lifted its holdings in Lincoln National by 1.6% in the second quarter. Fifth Third Bancorp now owns 26,341 shares of the financial services provider’s stock valued at $819,000 after buying an additional 420 shares during the period. Finally, Gateway Investment Advisers LLC lifted its holdings in Lincoln National by 4.4% in the second quarter. Gateway Investment Advisers LLC now owns 10,018 shares of the financial services provider’s stock valued at $312,000 after buying an additional 426 shares during the period. Institutional investors own 72.81% of the company’s stock.

About Lincoln National

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates in four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders.