Lincoln National Corporation Expected to Earn Q3 2017 Earnings of $1.91 Per Share (LNC)

Lincoln National Corporation (NYSE:LNC) – Analysts at Langen Mcalenn increased their Q3 2017 EPS estimates for shares of Lincoln National Corporation in a research note issued on Monday. Langen Mcalenn analyst R. Glasspiegel now expects that the financial services provider will earn $1.91 per share for the quarter, up from their prior estimate of $1.88. Langen Mcalenn also issued estimates for Lincoln National Corporation’s FY2017 earnings at $7.65 EPS.

Lincoln National Corporation (NYSE:LNC) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.73 by $0.12. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.56 billion. Lincoln National Corporation had a net margin of 10.85% and a return on equity of 10.99%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.56 EPS.

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

Lincoln National Corporation (NYSE LNC) opened at 74.85 on Wednesday. Lincoln National Corporation has a 1-year low of $47.71 and a 1-year high of $76.10. The firm has a market cap of $16.58 billion, a price-to-earnings ratio of 11.40 and a beta of 1.99. The firm has a 50-day moving average of $70.95 and a 200 day moving average of $68.61.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.16 annualized dividend and a dividend yield of 1.55%. Lincoln National Corporation’s dividend payout ratio is presently 17.79%.

Several large investors have recently added to or reduced their stakes in LNC. AXA bought a new position in shares of Lincoln National Corporation in the first quarter valued at $341,000. United Services Automobile Association grew its stake in shares of Lincoln National Corporation by 3.8% in the first quarter. United Services Automobile Association now owns 77,406 shares of the financial services provider’s stock valued at $5,066,000 after buying an additional 2,805 shares in the last quarter. OppenheimerFunds Inc. grew its stake in shares of Lincoln National Corporation by 0.4% in the first quarter. OppenheimerFunds Inc. now owns 501,025 shares of the financial services provider’s stock valued at $32,793,000 after buying an additional 2,140 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Lincoln National Corporation by 13.4% in the first quarter. Principal Financial Group Inc. now owns 541,512 shares of the financial services provider’s stock valued at $35,442,000 after buying an additional 64,161 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Lincoln National Corporation by 203.4% in the first quarter. Wellington Management Group LLP now owns 745,661 shares of the financial services provider’s stock valued at $48,803,000 after buying an additional 499,864 shares in the last quarter. 79.85% of the stock is 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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