According to Zacks, “Lincoln National Corporation’s growth has been restricted by economic volatility, softness in Group Protection segment, intense competition and a low interest rate environment, which has weakened net flows, annuities and investment yields. The company reported negative earning surprise in three of the last four quarters with an average miss of 10.8%. The Zacks Consensus Estimate for 2016 and 2017 has been revised downward by 1% and 2.6% respectively over last 90 days. However, Lincoln National is well positioned for long-term growth, given its focus on reducing exposure to business with long-term guarantee. The company also remains immune to the DOL proposed rule. Strong capital position is another positive. Moreover, the company’s balance sheet remained strong with prudent capital deployment and improvement in book value.”
Other research analysts also recently issued reports about the stock. Morgan Stanley reissued a buy rating on shares of Lincoln National Corp. in a research report on Friday, June 10th. FBR & Co restated a buy rating on shares of Lincoln National Corp. in a research note on Friday, June 10th. Evercore ISI began coverage on shares of Lincoln National Corp. in a research note on Wednesday, July 6th. They set a buy rating and a $47.00 price target on the stock. Deutsche Bank AG dropped their price target on shares of Lincoln National Corp. from $57.00 to $53.00 and set a hold rating on the stock in a research note on Thursday, July 7th. Finally, Wells Fargo & Co. started coverage on shares of Lincoln National Corp. in a research note on Friday, September 23rd. They issued a market perform rating on the stock. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Hold and an average target price of $53.00.
Shares of Lincoln National Corp. (NYSE:LNC) traded up 3.05% on Tuesday, reaching $49.00. 920,304 shares of the company were exchanged. The stock has a market capitalization of $11.41 billion, a PE ratio of 11.74 and a beta of 2.04. Lincoln National Corp. has a 12-month low of $30.39 and a 12-month high of $57.54. The firm has a 50 day moving average price of $46.72 and a 200-day moving average price of $43.45.
Lincoln National Corp. (NYSE:LNC) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $1.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.58 by $0.02. Lincoln National Corp. had a return on equity of 9.27% and a net margin of 7.71%. The firm earned $3.40 billion during the quarter, compared to the consensus estimate of $3.45 billion. During the same period in the previous year, the company posted $1.46 earnings per share. The company’s revenue for the quarter was down .6% on a year-over-year basis. On average, analysts predict that Lincoln National Corp. will post $6.07 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Monday, October 10th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Wednesday, October 5th. Lincoln National Corp.’s dividend payout ratio (DPR) is presently 23.92%.
In related news, Director Patrick S. Pittard sold 10,382 shares of the company’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $46.67, for a total transaction of $484,527.94. Following the sale, the director now owns 13,115 shares of the company’s stock, valued at $612,077.05. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Lisa Buckingham sold 12,881 shares of the company’s stock in a transaction on Wednesday, August 31st. The shares were sold at an average price of $48.26, for a total transaction of $621,637.06. The disclosure for this sale can be found here. 1.41% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Capital Analysts LLC increased its stake in shares of Lincoln National Corp. by 54.4% in the second quarter. Capital Analysts LLC now owns 1,685 shares of the company’s stock valued at $106,000 after buying an additional 594 shares in the last quarter. Barnett & Company Inc. purchased a new stake in shares of Lincoln National Corp. during the first quarter valued at $104,000. North Star Investment Management Corp. purchased a new stake in shares of Lincoln National Corp. during the second quarter valued at $127,000. Societe Generale purchased a new stake in shares of Lincoln National Corp. during the second quarter valued at $132,000. Finally, Quadrant Capital Group LLC increased its stake in shares of Lincoln National Corp. by 0.7% in the second quarter. Quadrant Capital Group LLC now owns 3,896 shares of the company’s stock valued at $146,000 after buying an additional 26 shares in the last quarter. 78.68% of the stock is currently owned by institutional investors.
Lincoln National Corp. Company Profile
Lincoln National Corporation is a holding company, which operates insurance and retirement businesses through subsidiary companies. The Company sells a range of wealth protection, accumulation and retirement income products and solutions, through its business segments. It operates through four segments: Annuities segment, which offers fixed (including indexed) and variable annuities; Retirement Plan Services segment, which provides employers with retirement plan products and services; 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.
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