FBR & Co Analysts Lift Earnings Estimates for Lincoln National Corporation (LNC)

Lincoln National Corporation (NYSE:LNC) – Equities researchers at FBR & Co boosted their Q3 2017 earnings estimates for shares of Lincoln National Corporation in a note issued to investors on Tuesday. FBR & Co analyst R. Binner now anticipates that the financial services provider will post earnings per share of $1.79 for the quarter, up from their previous estimate of $1.72. FBR & Co also issued estimates for Lincoln National Corporation’s FY2017 earnings at $7.40 EPS, FY2018 earnings at $7.60 EPS and FY2019 earnings at $8.20 EPS.

Lincoln National Corporation (NYSE:LNC) last posted its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.12. The company had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.56 billion. Lincoln National Corporation had a return on equity of 10.99% and a net margin of 10.85%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.56 EPS. ILLEGAL ACTIVITY NOTICE: “FBR & Co Analysts Lift Earnings Estimates for Lincoln National Corporation (LNC)” was originally published by Markets Daily and is the property of of Markets Daily. If you are viewing this piece on another publication, it was copied illegally and republished in violation of US and international trademark & copyright legislation. The original version of this piece can be read at https://www.themarketsdaily.com/2017/10/12/fbr-co-analysts-lift-earnings-estimates-for-lincoln-national-corporation-lnc.html.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Lincoln National Corporation from a “hold” rating to a “strong-buy” rating and set a $81.00 price objective for the company in a research note on Tuesday, July 11th. Barclays PLC boosted their price objective on shares of Lincoln National Corporation from $84.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, August 11th. BidaskClub raised shares of Lincoln National Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Wells Fargo & Company reissued a “hold” rating on shares of Lincoln National Corporation in a research note on Wednesday, August 2nd. Finally, Bank of America Corporation set a $78.00 price objective on shares of Lincoln National Corporation in a research note on Tuesday, July 4th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $77.11.

Shares of Lincoln National Corporation (NYSE:LNC) opened at 75.28 on Wednesday. The firm’s 50-day moving average price is $70.75 and its 200 day moving average price is $68.57. The stock has a market capitalization of $16.67 billion, a P/E ratio of 11.47 and a beta of 1.99. Lincoln National Corporation has a 52 week low of $47.36 and a 52 week high of $76.10.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Friday, October 6th. Lincoln National Corporation’s payout ratio is presently 17.79%.

Several hedge funds have recently modified their holdings of the company. Eqis Capital Management Inc. acquired a new position in shares of Lincoln National Corporation during the third quarter worth $227,000. Dynamic Technology Lab Private Ltd grew its holdings in shares of Lincoln National Corporation by 9.4% during the second quarter. Dynamic Technology Lab Private Ltd now owns 12,949 shares of the financial services provider’s stock valued at $876,000 after buying an additional 1,113 shares during the last quarter. Krilogy Financial LLC grew its holdings in shares of Lincoln National Corporation by 1.2% during the second quarter. Krilogy Financial LLC now owns 3,460 shares of the financial services provider’s stock valued at $234,000 after buying an additional 40 shares during the last quarter. Altavista Wealth Management Inc. grew its holdings in shares of Lincoln National Corporation by 0.3% during the second quarter. Altavista Wealth Management Inc. now owns 66,979 shares of the financial services provider’s stock valued at $4,526,000 after buying an additional 188 shares during the last quarter. Finally, Nomura Holdings Inc. grew its holdings in shares of Lincoln National Corporation by 601.0% during the second quarter. Nomura Holdings Inc. now owns 39,875 shares of the financial services provider’s stock valued at $2,695,000 after buying an additional 34,187 shares during the last quarter. 79.85% of the stock is currently owned by institutional investors and hedge funds.

Lincoln National Corporation 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. The Company 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 on the creation and protection of wealth through life insurance products, and Group Protection, which offers principally group non-medical insurance products.

Earnings History and Estimates for Lincoln National Corporation (NYSE:LNC)

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