Lincoln National (NYSE:LNC) Stock Gets Price Target Cut from JPMorgan Chase & Co.

Lincoln National (NYSE:LNC) had its target price decreased by JPMorgan Chase & Co. from $49.00 to $47.00 in a research report report published on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the financial services provider’s stock.

Several other brokerages have also issued reports on LNC. Wells Fargo & Company lifted their price target on shares of Lincoln National from $52.00 to $54.00 and gave the company an “overweight” rating in a report on Monday, October 12th. Barclays increased their price objective on shares of Lincoln National from $45.00 to $48.00 and gave the company an “overweight” rating in a research note on Wednesday, October 7th. National Bank Financial set a $49.00 target price on shares of Lincoln National in a research report on Wednesday, October 7th. Bank of America restated a “neutral” rating and issued a $47.00 target price on shares of Lincoln National in a research report on Thursday, July 30th. Finally, Mizuho decreased their target price on shares of Lincoln National from $53.00 to $49.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 7th. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $48.67.

Lincoln National Price Performance

Lincoln National stock opened at $39.80 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.27 and a current ratio of 0.27. Lincoln National has a 52 week low of $32.18 and a 52 week high of $47.67. The stock has a market capitalization of $7.62 billion, a P/E ratio of 3.45, a price-to-earnings-growth ratio of 1.34 and a beta of 1.16. The stock has a fifty day moving average of $42.55 and a 200-day moving average of $39.37.

Lincoln National (NYSE:LNC) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $2.24 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.28. The business had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.89 billion. Lincoln National had a return on equity of 17.35% and a net margin of 12.21%. Lincoln National’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.36 EPS. On average, sell-side analysts expect that Lincoln National will post 7.94 earnings per share for the current fiscal year.

Lincoln National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Monday, October 12th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Friday, October 9th. Lincoln National’s dividend payout ratio (DPR) is 15.60%.

Insider Buying and Selling

In related news, Director Gary Kelly sold 15,007 shares of Lincoln National stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $26.50, for a total transaction of $397,685.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Sean Woodroffe sold 11,000 shares of Lincoln National stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $45.28, for a total transaction of $498,080.00. Following the sale, the executive vice president owned 119,947 shares in the company, valued at approximately $5,431,200.16. This represents a 8.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.03% of the stock is owned by company insiders.

Hedge Funds Weigh In On Lincoln National

A number of hedge funds have recently modified their holdings of the business. Bain Capital Prairie LLC acquired a new stake in Lincoln National in the fourth quarter valued at $835,360,000. Bank of New York Mellon Corp acquired a new position in Lincoln National during the 2nd quarter worth about $63,112,000. Dimensional Fund Advisors LP grew its position in shares of Lincoln National by 24.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,755,506 shares of the financial services provider’s stock valued at $275,304,000 after buying an additional 1,522,179 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Lincoln National by 509.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 683,040 shares of the financial services provider’s stock valued at $24,248,000 after buying an additional 570,884 shares during the last quarter. Finally, Interval Partners LP grew its position in shares of Lincoln National by 305.5% in the 4th quarter. Interval Partners LP now owns 616,491 shares of the financial services provider’s stock valued at $27,452,000 after buying an additional 464,448 shares during the last quarter. Institutional investors and hedge funds own 72.81% of the company’s stock.

Trending Headlines about Lincoln National

Here are the key news stories impacting Lincoln National this week:

• Positive Sentiment: Brokerage analysts have an average price target of $48.25, implying meaningful potential upside from the recent $39.80 trading level. Lincoln National Corporation Stock Has Average Price Target of $48.25 According to Brokerages
• Positive Sentiment: JPMorgan’s revised $47 price target still implies approximately 18% upside, suggesting the firm sees value in LNC despite maintaining an Underweight rating. JPMorgan lowers Lincoln National price target
• Neutral Sentiment: A Seeking Alpha analysis highlights Lincoln National’s Series D preferred shares and an estimated 7.7% yield to call. The discussion may appeal to income-focused investors but is more relevant to the preferred security than to LNC’s common stock. Lincoln National Series D Preferred Shares: Unlocking a 7.7% YTC
• Negative Sentiment: Another Seeking Alpha article concludes that LNC’s investment case merits a Hold rating at best, reinforcing concerns about limited near-term catalysts and execution risks. Lincoln National Has One Preferred: Hold-Rated At Best
• Negative Sentiment: Dowling & Partners lowered its FY2027 EPS forecast to $8.75 from $8.90 and its FY2028 forecast to $9.80 from $9.95. Although the estimates remain above the current-year consensus of $7.93, the downward revisions indicate moderating earnings expectations.

About Lincoln National

Lincoln National Corporation, operating under the Lincoln Financial Group brand, is a financial services company that provides insurance and retirement solutions primarily in the United States. Its businesses serve individuals, families, employers and institutions through a portfolio of life insurance, annuities and workplace benefit products.

The company’s offerings include term and permanent life insurance, variable and fixed annuities, and retirement plan services designed to support income and financial planning needs.