Evercore ISI Forecasts Strong Price Appreciation for Lincoln National (NYSE:LNC) Stock

Lincoln National (NYSE:LNC) had its target price boosted 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 research analysts have also issued reports on the stock. StockNews.com upgraded shares of Lincoln National from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Barclays upped 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. Wells Fargo & Company upped their target price on shares of Lincoln National from $28.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Keefe, Bruyette & Woods upped 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. Finally, TD Cowen upped 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 investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $37.10.

Lincoln National Stock Up 0.4 %

LNC opened at $39.11 on Wednesday. The company has a fifty day moving average price of $33.67 and a 200-day moving average price of $32.83. The firm 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 current ratio of 0.27 and a quick ratio of 0.27. Lincoln National has a one year low of $25.60 and a one year high of $39.85.

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

Institutional Trading of Lincoln National

Several institutional investors have recently added to or reduced their stakes in the business. State Street Corp boosted its position in Lincoln National by 1.3% during the third quarter. State Street Corp now owns 6,227,993 shares of the financial services provider’s stock valued at $196,244,000 after buying an additional 79,955 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Lincoln National by 4.2% during the third 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 buying an additional 193,025 shares during the period. Geode Capital Management LLC raised its stake in shares of Lincoln National by 4.7% during the third 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 last quarter. Principal Financial Group Inc. raised its stake in shares of Lincoln National by 7.2% during the third 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 last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Lincoln National by 2.0% during the fourth 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 last quarter. 72.81% of the stock is currently owned by hedge funds and other institutional investors.

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.