Lincoln National (NYSE:LNC) Given New $44.00 Price Target at Evercore ISI

Lincoln National (NYSE:LNC) had its price objective upped by Evercore ISI from $41.00 to $44.00 in a report issued on Wednesday morning,Benzinga reports. They currently have an in-line rating on the financial services provider’s stock.

Several other equities analysts have also recently commented on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Lincoln National from $37.00 to $40.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 12th. StockNews.com raised shares of Lincoln National from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Morgan Stanley lifted their target price on shares of Lincoln National from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Barclays lifted their target price on shares of Lincoln National from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Finally, TD Cowen lifted their target price on shares of Lincoln National from $34.00 to $37.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $37.10.

Lincoln National Price Performance

LNC stock opened at $39.11 on Wednesday. The company has a market capitalization of $6.66 billion, a P/E ratio of 2.13, a price-to-earnings-growth ratio of 0.30 and a beta of 1.79. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.27 and a current ratio of 0.27. Lincoln National has a 52-week low of $25.60 and a 52-week high of $39.85. The business has a 50-day simple moving average of $33.67 and a two-hundred day simple moving average of $32.83.

Lincoln National (NYSE:LNC) last released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.04. Lincoln National had a return on equity of 18.47% and a net margin of 17.76%. Research analysts expect that Lincoln National will post 7.71 EPS for the current fiscal year.

Institutional Investors Weigh In On Lincoln National

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp raised its holdings in Lincoln National by 1.3% during the 3rd quarter. State Street Corp now owns 6,227,993 shares of the financial services provider’s stock valued at $196,244,000 after acquiring an additional 79,955 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Lincoln National by 4.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,763,703 shares of the financial services provider’s stock valued at $150,104,000 after acquiring an additional 193,025 shares during the period. Geode Capital Management LLC raised its holdings in Lincoln National by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,373,487 shares of the financial services provider’s stock valued at $106,322,000 after acquiring an additional 152,622 shares during the period. Principal Financial Group Inc. raised its holdings in Lincoln National by 7.2% during the 3rd quarter. Principal Financial Group Inc. now owns 3,309,453 shares of the financial services provider’s stock valued at $104,281,000 after acquiring an additional 223,129 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Lincoln National by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,876,319 shares of the financial services provider’s stock valued at $91,208,000 after acquiring an additional 56,614 shares during the period. Institutional investors own 72.81% of the company’s stock.

Lincoln National Company Profile

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.