November 28, 2016 - By Marguerite Chambers
FBR & Co. have a $63 price target on the stock. The price target gives a potential downside of -1.79% from Lincoln National (NYSE:LNC)‘s current stock price. This rating was released in an analyst report on Monday, 28 November.
Out of 12 analysts covering Lincoln National (NYSE:LNC), 4 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 33% are positive. $63 is the highest target while $43 is the lowest. The $54.11 average target is -15.65% below today’s ($64.15) stock price. Lincoln National has been the topic of 23 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Citigroup maintained Lincoln National Corporation (NYSE:LNC) rating on Wednesday, April 6. Citigroup has “Neutral” rating and $46 price target. As per Wednesday, June 29, the company rating was downgraded by Bank of America. The stock of Lincoln National Corporation (NYSE:LNC) has “Overweight” rating given on Tuesday, September 29 by Piper Jaffray. FBR Capital maintained the shares of LNC in a report on Tuesday, October 18 with “Outperform” rating. The company was upgraded on Thursday, September 10 by Goldman Sachs. Zacks downgraded the shares of LNC in a report on Tuesday, August 4 to “Hold” rating. The stock of Lincoln National Corporation (NYSE:LNC) has “Sector Perform” rating given on Thursday, February 4 by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Thursday, October 29 with “Sector Perform”. The stock of Lincoln National Corporation (NYSE:LNC) earned “Market Perform” rating by Wells Fargo on Friday, September 23. The firm has “Neutral” rating given on Thursday, April 14 by Macquarie Research.
The stock closed at $64.15 during the last session. It is down 46.49% since April 25, 2016 and is uptrending. It has outperformed by 40.48% the S&P500.
Analysts await Lincoln National Corporation (NYSE:LNC) to report earnings on February, 1. They expect $1.67 EPS, up 8.44% or $0.13 from last year’s $1.54 per share. LNC’s profit will be $381.64 million for 9.60 P/E if the $1.67 EPS becomes a reality. After $1.83 actual EPS reported by Lincoln National Corporation for the previous quarter, Wall Street now forecasts -8.74% negative EPS growth.
Insitutional Activity: The institutional sentiment increased to 0.82 in 2016 Q2. Its up 0.01, from 0.81 in 2016Q1. The ratio improved, as 41 funds sold all Lincoln National Corporation shares owned while 209 reduced positions. 54 funds bought stakes while 149 increased positions. They now own 177.93 million shares or 9.24% less from 196.04 million shares in 2016Q1.
Advisors Asset Mgmt owns 3,708 shares or 0% of their US portfolio. Moreover, Braver Wealth Ltd Limited Liability Company has 0.04% invested in Lincoln National Corporation (NYSE:LNC) for 6,488 shares. Bokf Na reported 13,026 shares or 0.02% of all its holdings. Moreover, Hsbc Public Ltd has 0.02% invested in Lincoln National Corporation (NYSE:LNC) for 223,873 shares. The New York-based Cornerstone Cap Mngmt Lc has invested 0.03% in Lincoln National Corporation (NYSE:LNC). Barbara Oil has 10,000 shares for 0.31% of their US portfolio. Trustmark National Bank Trust Department accumulated 50,913 shares or 0.25% of the stock. Jpmorgan Chase And Co holds 0.02% or 1.67 million shares in its portfolio. Lord Abbett Ltd owns 1.22 million shares or 0.15% of their US portfolio. Lazard Asset Limited Liability Company holds 0.01% or 149,434 shares in its portfolio. The Illinois-based Deere has invested 0.06% in Lincoln National Corporation (NYSE:LNC). Moreover, Tcw Gp Incorporated has 0.01% invested in Lincoln National Corporation (NYSE:LNC) for 17,550 shares. Ameriprise Fincl Inc, a Minnesota-based fund reported 2.12 million shares. First Tru Advsr Limited Partnership last reported 451,681 shares in the company. Highlander Cap Management Limited Liability Corporation accumulated 1,055 shares or 0.04% of the stock.
Insider Transactions: Since August 31, 2016, the stock had 0 insider purchases, and 17 selling transactions for $42.57 million net activity. Freitag Randal J also sold $945,002 worth of Lincoln National Corporation (NYSE:LNC) on Thursday, November 10. 5,499 shares were sold by HENDERSON GEORGE W III, worth $321,606. Shares for $2.01 million were sold by Buckingham Lisa. $664,123 worth of Lincoln National Corporation (NYSE:LNC) was sold by TIDWELL ISAIAH. LACHMAN M LEANNE sold $936,467 worth of stock or 15,842 shares. Fuller Wilford H. had sold 63,694 shares worth $3.77 million on Thursday, November 10. KONEN MARK E sold $9.03M worth of stock or 154,000 shares.
Lincoln National Corporation is a holding company, which operates insurance and retirement businesses through subsidiary companies. The company has a market cap of $14.66 billion. The Firm sells a range of wealth protection, accumulation and retirement income products and solutions, through its business divisions. It has a 12.02 P/E ratio. It operates through four divisions: Annuities segment, which offers fixed and variable annuities; Retirement Plan Services segment, which provides employers with retirement plan services and products; Life Insurance segment, which focuses in the creation and protection of wealth through life insurance products, and Group Protection, which offers principally group non-medical insurance products.
According to Zacks Investment Research, “Lincoln National Corp. is a holding company. Through subsidiary companies, the company operates multiple insurance and investment management businesses. Operations are divided into four business segments: Life Insurance and Annuities; Lincoln UK; Reinsurance and; Investment Management.”
More news for Lincoln National Corporation (NYSE:LNC) were recently published by: Investorplace.com, which released: “Buy Lincoln National Corporation (LNC) Stock for 16% Returns” on November 07, 2016. Equitiesfocus.com‘s article titled: “Lincoln National Corporation (NYSE:LNC) Short-Term Price Target At $56.17” and published on November 27, 2016 is yet another important article.
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