Wells Fargo & Company Raises Lincoln National (NYSE:LNC) Price Target to $36.00

Lincoln National (NYSE:LNC) had its target price hoisted by stock analysts at Wells Fargo & Company from $28.00 to $36.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price objective would suggest a potential downside of 7.25% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. TD Cowen boosted their target price on shares of Lincoln National from $34.00 to $37.00 and gave the company a “hold” rating in a research note on Wednesday, November 27th. Keefe, Bruyette & Woods upped their price target 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. Barclays upped their price target 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. Morgan Stanley upped their price target on shares of Lincoln National from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Finally, StockNews.com upgraded shares of Lincoln National from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. One 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 MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $37.10.

Lincoln National Stock Down 0.7 %

Shares of NYSE:LNC opened at $38.82 on Wednesday. Lincoln National has a 52 week low of $25.60 and a 52 week high of $39.85. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.27 and a current ratio of 0.27. The company’s fifty day moving average is $33.79 and its 200-day moving average is $32.87. The company has a market capitalization of $6.61 billion, a PE ratio of 2.11, a P/E/G ratio of 0.30 and a beta of 1.79.

Lincoln National (NYSE:LNC) last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.91 EPS for the quarter, beating the consensus estimate 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 predict that Lincoln National will post 7.69 earnings per share for the current fiscal year.

Institutional Trading of Lincoln National

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mackenzie Financial Corp raised its holdings in Lincoln National by 204.0% during the 4th quarter. Mackenzie Financial Corp now owns 37,888 shares of the financial services provider’s stock worth $1,201,000 after purchasing an additional 25,424 shares during the last quarter. Western Wealth Management LLC bought a new stake in shares of Lincoln National in the 4th quarter valued at about $286,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Lincoln National by 10.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 593,901 shares of the financial services provider’s stock valued at $18,833,000 after acquiring an additional 54,588 shares during the last quarter. Voloridge Investment Management LLC increased its stake in shares of Lincoln National by 4.6% in the 4th quarter. Voloridge Investment Management LLC now owns 1,118,235 shares of the financial services provider’s stock valued at $35,459,000 after acquiring an additional 49,496 shares during the last quarter. Finally, iSAM Funds UK Ltd increased its stake in shares of Lincoln National by 105.2% in the 4th quarter. iSAM Funds UK Ltd now owns 24,467 shares of the financial services provider’s stock valued at $776,000 after acquiring an additional 12,545 shares during the last quarter. 72.81% of the stock is owned by 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.