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

Lincoln National (NYSE:LNC) had its target price raised by research analysts at Evercore ISI from $41.00 to $44.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “in-line” rating on the financial services provider’s stock. Evercore ISI’s price target points to a potential upside of 13.82% from the company’s current price.

Several other research analysts have also recently commented on the stock. Barclays increased their target price on shares of Lincoln National from $36.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Keefe, Bruyette & Woods increased their price objective on shares of Lincoln National from $37.00 to $40.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 12th. StockNews.com upgraded Lincoln National from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Morgan Stanley upped their target price on Lincoln National from $36.00 to $39.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Finally, TD Cowen raised their price target on Lincoln National from $34.00 to $37.00 and gave the company a “hold” rating in a research note on Wednesday, November 27th. One investment 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $37.10.

Lincoln National Stock Down 0.8 %

LNC stock traded down $0.29 during trading hours on Wednesday, reaching $38.66. 250,537 shares of the stock were exchanged, compared to its average volume of 1,555,619. The company has a market cap of $6.59 billion, a price-to-earnings ratio of 2.10, a PEG ratio of 0.30 and a beta of 1.79. The firm’s 50-day moving average is $33.55 and its 200-day moving average is $32.79. Lincoln National has a 12 month low of $25.60 and a 12 month high of $39.85. 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 (NYSE:LNC) last announced its 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%. On average, equities research analysts expect that Lincoln National will post 7.71 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. M Holdings Securities Inc. bought a new position in Lincoln National during the fourth quarter worth $29,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Lincoln National during the 4th quarter worth about $32,000. Blue Trust Inc. boosted its holdings in shares of Lincoln National by 535.5% during the 3rd quarter. Blue Trust Inc. now owns 1,074 shares of the financial services provider’s stock worth $33,000 after buying an additional 905 shares during the period. Larson Financial Group LLC grew its stake in Lincoln National by 95.3% in the 3rd quarter. Larson Financial Group LLC now owns 1,086 shares of the financial services provider’s stock valued at $34,000 after buying an additional 530 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in Lincoln National in the 4th quarter valued at about $35,000. 72.81% of the stock is owned by institutional investors and hedge funds.

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.