November 28, 2016 - By Marguerite Chambers
In analysts report shared with investors on Monday morning, Lincoln National Corporation (NYSE:LNC) stock had its “Mkt Perform” Rating reconfirmed by research analysts at FBR & Co.. They currently have a $63.00 target on firm. FBR & Co.’s target would suggest a potential downside of -1.79% from the company’s stock close price.
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. Zacks downgraded Lincoln National Corporation (NYSE:LNC) on Tuesday, August 4 to “Hold” rating. The firm has “Neutral” rating given on Wednesday, June 29 by Bank of America. The stock of Lincoln National Corporation (NYSE:LNC) earned “Mkt Perform” rating by FBR Capital on Wednesday, November 9. The firm earned “Neutral” rating on Thursday, April 14 by Macquarie Research. The firm has “Neutral” rating by Goldman Sachs given on Friday, July 15. The firm earned “Overweight” rating on Thursday, August 13 by Morgan Stanley. Credit Suisse initiated Lincoln National Corporation (NYSE:LNC) on Friday, October 7 with “Neutral” rating. The firm earned “Outperform” rating on Tuesday, October 18 by FBR Capital. The company was upgraded on Tuesday, September 29 by Piper Jaffray. The firm has “Market Perform” rating by Wells Fargo given on Friday, September 23.
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 Q2 2016. 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.
Suffolk Cap Limited Company holds 0.04% of its portfolio in Lincoln National Corporation (NYSE:LNC) for 8,300 shares. Old Mutual Customised Solutions (Proprietary) holds 0.09% of its portfolio in Lincoln National Corporation (NYSE:LNC) for 9,000 shares. Voya Ltd Company has invested 0.01% of its portfolio in Lincoln National Corporation (NYSE:LNC). New Mexico Educational Retirement Board accumulated 0.05% or 27,413 shares. Benin Mgmt has 6,000 shares for 0.12% of their US portfolio. Moreover, Monarch Cap has 0.09% invested in Lincoln National Corporation (NYSE:LNC) for 6,100 shares. The Connecticut-based Cubist Systematic Strategies Ltd Limited Liability Company has invested 0.05% in Lincoln National Corporation (NYSE:LNC). Fiduciary Tru last reported 0.03% of its portfolio in the stock. Polaris Greystone Group Ltd Liability Corporation last reported 8,778 shares in the company. Robeco Institutional Asset Mgmt Bv accumulated 178,838 shares or 0.05% of the stock. Dubuque Bancorporation Com last reported 250 shares in the company. Tocqueville Asset Management Ltd Partnership has invested 0% of its portfolio in Lincoln National Corporation (NYSE:LNC). State Board Of Administration Of Florida Retirement System holds 0.04% of its portfolio in Lincoln National Corporation (NYSE:LNC) for 359,640 shares. Jfs Wealth Ltd Liability Corp holds 0% or 240 shares in its portfolio. Freestone Cap Hldgs Limited Company reported 30,595 shares or 0.12% of all its holdings.
Insider Transactions: Since August 31, 2016, the stock had 0 buys, and 17 selling transactions for $42.57 million net activity. Cooper Ellen sold $139,057 worth of Lincoln National Corporation (NYSE:LNC) on Tuesday, November 8. LACHMAN M LEANNE sold $543,463 worth of stock. HENDERSON GEORGE W III sold $1.06M worth of stock. Another trade for 1,025 shares valued at $61,613 was sold by Janofsky Christine A. 15,966 shares with value of $945,002 were sold by Freitag Randal J on Thursday, November 10. On Wednesday, November 16 the insider Buckingham Lisa sold $2.01 million. 349,532 shares were sold by GLASS DENNIS R, worth $18.18M on Monday, November 7.
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.”
Lincoln National Corporation, incorporated on January 5, 1968, is a holding company, which operates insurance and retirement businesses through its subsidiary companies. The Firm operates in four divisions: Annuities, Retirement Plan Services, Life Insurance and Group Protection. Through its divisions, the Company sells a range of wealth protection, accumulation and retirement income products and solutions. These products include fixed and indexed annuities, variable annuities, universal life insurance (UL), variable universal life insurance (VUL), linked-benefit UL, term life insurance, indexed universal life insurance, employer-sponsored retirement plans and services, and group life, disability and dental.
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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