New York: Lincoln National (NYSE:LNC) Stock Has Just Had Its Neutral Rating Reiterated by B. Riley FBR. Shares now Have a $79 Target

July 16, 2018 - By Margaret Guttierez

Lincoln National Corporation (NYSE:LNC) Logo

Investors sentiment decreased to 0.77 in 2018 Q1. Its down 0.19, from 0.96 in 2017Q4. It fall, as 31 investors sold Lincoln National Corporation shares while 238 reduced holdings. 59 funds opened positions while 149 raised stakes. 170.05 million shares or 0.02% less from 170.09 million shares in 2017Q4 were reported.

Synovus holds 0.01% or 11,901 shares. Grp Incorporated One Trading L P invested in 9,063 shares. Raymond James Na, Florida-based fund reported 9,376 shares. Arrowstreet Cap Partnership accumulated 0% or 10,800 shares. Stevens Cap Management Ltd Partnership has 146,161 shares for 0.4% of their portfolio. Fdx stated it has 0.04% in Lincoln National Corporation (NYSE:LNC). Proshare Advsrs Limited Liability Company has 0.03% invested in Lincoln National Corporation (NYSE:LNC) for 71,873 shares. Focused Wealth Management Inc owns 2,200 shares for 0.05% of their portfolio. Sg Americas Securities Limited Liability holds 0.03% or 55,005 shares. Kbc Grp Nv reported 26,889 shares stake. Canada Pension Plan Investment Board, Ontario – Canada-based fund reported 458,535 shares. Baystate Wealth Mgmt Lc holds 0% or 65 shares in its portfolio. Commerce Of Vermont, Vermont-based fund reported 553 shares. 60,268 are held by Laurion Capital L P. Washington Tru Bancorp accumulated 0% or 110 shares.

Since February 2, 2018, it had 1 buy, and 7 sales for $14.91 million activity. Freitag Randal J sold $147,152 worth of stock. Solon Kenneth S. sold $147,244 worth of stock or 1,875 shares. $8.67M worth of stock was sold by GLASS DENNIS R on Friday, February 2. Connelly Deirdre P bought 1,000 shares worth $67,086. Another trade for 7,300 shares valued at $620,568 was sold by Cooper Ellen.

Lincoln National (NYSE:LNC) Rating Reaffirmed

Recently, In an analyst note made public on 16 July, Lincoln National (NYSE:LNC) shares have had their Neutral Rating reiterated by analysts at B. Riley FBR, who currently has a $79 PT on firm. This target by B. Riley FBR means the possibile upside of 22.98 % from the last price.

Lincoln National Corporation (NYSE:LNC) Ratings Coverage

Among 11 analysts covering Lincoln National Corp (NYSE:LNC), 6 have Buy rating, 0 Sell and 5 Hold. Therefore 55% are positive. Lincoln National Corp has $95.0 highest and $74 lowest target. $84.91’s average target is 32.18% above currents $64.24 stock price. Lincoln National Corp had 13 analyst reports since January 19, 2018 according to SRatingsIntel. The stock has “Buy” rating by Sandler O’Neill on Friday, January 19. Wells Fargo maintained Lincoln National Corporation (NYSE:LNC) on Tuesday, April 3 with “Hold” rating. Deutsche Bank maintained the stock with “Buy” rating in Friday, May 4 report. On Sunday, January 21 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. Morgan Stanley maintained Lincoln National Corporation (NYSE:LNC) on Wednesday, July 11 with “Equal-Weight” rating. Keefe Bruyette & Woods maintained Lincoln National Corporation (NYSE:LNC) on Wednesday, April 11 with “Hold” rating. The firm has “Overweight” rating given on Monday, July 9 by Barclays Capital. The firm earned “Buy” rating on Thursday, February 1 by RBC Capital Markets. The rating was maintained by Deutsche Bank on Monday, May 21 with “Buy”.

The stock increased 1.10% or $0.7 during the last trading session, reaching $64.24. About 736,933 shares traded. Lincoln National Corporation (NYSE:LNC) has risen 5.08% since July 16, 2017 and is uptrending. It has underperformed by 7.49% the S&P500.

Analysts await Lincoln National Corporation (NYSE:LNC) to report earnings on August, 1 after the close. They expect $2.11 earnings per share, up 14.05 % or $0.26 from last year’s $1.85 per share. LNC’s profit will be $461.48 million for 7.61 P/E if the $2.11 EPS becomes a reality. After $1.97 actual earnings per share reported by Lincoln National Corporation for the previous quarter, Wall Street now forecasts 7.11 % EPS growth.

Lincoln National Corporation, through its subsidiaries, engages in the multiple insurance and retirement businesses in the United States. The company has market cap of $14.05 billion. It operates through four divisions: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. It has a 7.14 P/E ratio. The firm sells a range of wealth protection, accumulation, and retirement income products and solutions.

Lincoln National Corporation (NYSE:LNC) Institutional Positions Chart

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