Lincoln National (NYSE:LNC) Announces Quarterly Earnings Results

Lincoln National (NYSE:LNC) issued its quarterly earnings data on Thursday. The financial services provider reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.04, Zacks reports. Lincoln National had a net margin of 17.76% and a return on equity of 18.47%.

Lincoln National Price Performance

Lincoln National stock opened at $37.01 on Friday. The stock has a market cap of $6.30 billion, a price-to-earnings ratio of 2.01, a price-to-earnings-growth ratio of 0.28 and a beta of 1.79. The firm has a 50-day moving average of $32.93 and a two-hundred day moving average of $32.49. Lincoln National has a 1 year low of $25.09 and a 1 year high of $37.24. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.86%. The ex-dividend date was Friday, January 10th. Lincoln National’s dividend payout ratio is presently 9.79%.

Analyst Ratings Changes

Several research analysts recently commented on LNC shares. Barclays lifted their price target on Lincoln National from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday. Wells Fargo & Company dropped their target price on Lincoln National from $29.00 to $28.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. StockNews.com upgraded Lincoln National from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Finally, TD Cowen lifted their price objective on shares of Lincoln National from $34.00 to $37.00 and gave the stock a “hold” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $33.60.

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.