Posted by admin on May 10th, 2022 
Wall Street analysts forecast that Lincoln National Co. (NYSE:LNC – Get Rating) will announce sales of $4.69 billion for the current quarter, Zacks reports. Four analysts have issued estimates for Lincoln National’s earnings, with the highest sales estimate coming in at $4.82 billion and the lowest estimate coming in at $4.55 billion. Lincoln National reported sales of $4.90 billion in the same quarter last year, which indicates a negative year over year growth rate of 4.3%. The company is expected to issue its next earnings results on Monday, January 1st.
On average, analysts expect that Lincoln National will report full-year sales of $18.88 billion for the current fiscal year, with estimates ranging from $18.45 billion to $19.18 billion. For the next fiscal year, analysts anticipate that the business will post sales of $19.28 billion, with estimates ranging from $18.61 billion to $19.66 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Lincoln National.
Lincoln National (NYSE:LNC – Get Rating) last posted its earnings results on Wednesday, May 4th. The financial services provider reported $1.66 earnings per share for the quarter, missing the consensus estimate of $1.82 by ($0.16). The business had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.80 billion. Lincoln National had a return on equity of 7.68% and a net margin of 6.62%. Lincoln National’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.82 EPS.
Several brokerages have issued reports on LNC. Jefferies Financial Group began coverage on shares of Lincoln National in a research report on Tuesday, January 25th. They set a “buy” rating and a $80.00 target price for the company. Morgan Stanley dropped their target price on shares of Lincoln National from $81.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday, April 8th. The Goldman Sachs Group lowered shares of Lincoln National from a “buy” rating to a “neutral” rating and set a $74.00 price objective for the company. in a report on Tuesday, March 1st. Barclays lowered their price objective on shares of Lincoln National from $72.00 to $66.00 and set an “equal weight” rating for the company in a report on Tuesday, April 12th. Finally, Wolfe Research began coverage on shares of Lincoln National in a report on Friday, January 21st. They issued an “outperform” rating and a $99.00 price objective for the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $76.08.
Shares of NYSE:LNC opened at $55.77 on Tuesday. Lincoln National has a 12 month low of $55.19 and a 12 month high of $77.57. The stock has a market cap of $9.59 billion, a P/E ratio of 8.20, a P/E/G ratio of 0.27 and a beta of 1.90. The company has a current ratio of 0.21, a quick ratio of 0.22 and a debt-to-equity ratio of 0.45. The company has a 50 day moving average of $63.89 and a 200 day moving average of $67.98.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 2nd. Stockholders of record on Monday, April 11th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend was Friday, April 8th. Lincoln National’s payout ratio is 26.47%.
Several hedge funds have recently modified their holdings of LNC. Russell Investments Group Ltd. grew its position in shares of Lincoln National by 15.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 178,206 shares of the financial services provider’s stock valued at $12,302,000 after acquiring an additional 23,581 shares during the period. Mackenzie Financial Corp lifted its stake in Lincoln National by 0.4% in the 3rd quarter. Mackenzie Financial Corp now owns 148,712 shares of the financial services provider’s stock worth $10,224,000 after purchasing an additional 619 shares in the last quarter. Ieq Capital LLC lifted its stake in Lincoln National by 31.1% in the 3rd quarter. Ieq Capital LLC now owns 6,257 shares of the financial services provider’s stock worth $430,000 after purchasing an additional 1,484 shares in the last quarter. Commerce Bank lifted its stake in Lincoln National by 93.3% in the 3rd quarter. Commerce Bank now owns 6,689 shares of the financial services provider’s stock worth $460,000 after purchasing an additional 3,228 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in Lincoln National by 47.4% in the 3rd quarter. First Horizon Advisors Inc. now owns 740 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 238 shares in the last quarter. 86.40% of the stock is owned by hedge funds and other institutional investors.
About Lincoln National (Get Rating)
Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The Annuities segment offers fixed, variable, and indexed variable annuities.
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