Lincoln National Corporation (LNC) was Reiterated by FBR & Co. to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 55 from a previous price target of $52 . FBR & Co. advised their investors in a research report released on Oct 18, 2016.
Many Wall Street Analysts have commented on Lincoln National Corporation. Lincoln National Corporation was Initiated by Credit Suisse to “Neutral” on Oct 7, 2016. Lincoln National Corporation was Resumed by Wells Fargo to “Market Perform” on Sep 23, 2016.
On the company’s financial health, Lincoln National Corporation reported $1.56 EPS for the quarter, based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus estimate of $1.56. The company had revenue of $3395.00 million for the quarter, compared to analysts expectations of $3449.20 million. The company’s revenue was down -.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.46 EPS.
Lincoln National Corporation opened for trading at $49.03 and hit $49.54 on the upside on Friday, eventually ending the session at $48.9, with a gain of 1.37% or 0.66 points. The heightened volatility saw the trading volume jump to 15,16,518 shares. Company has a market cap of $11,384 M.
In a different news, on Aug 31, 2016, Lisa Buckingham (EVP & CHRO) sold 12,881 shares at $48.26 per share price. According to the SEC, on May 19, 2016, Mark E Konen (President – Ins. Sol. and Ann.) sold 16,000 shares at $45.26 per share price. On Mar 16, 2016, Douglas N Miller (SVP & CAO) sold 6,960 shares at $40.03 per share price, according to the Form-4 filing with the securities and exchange commission.
Lincoln National Corporation is a holding company which operates multiple 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. These products include fixed and indexed annuities variable annuities universal life insurance variable universal life insurance linked-benefit UL term life insurance indexed universal life insurance employer-sponsored retirement plans and services and group life disability and dental. It operates in four segments: Annuities offers fixed (including indexed) and variable annuities. Retirement Plan Services provides employers with retirement plan products and services. Life Insurance focuses in the creation and protection of wealth through life insurance products. Group Protection offers principally group non-medical insurance products.