Lincoln National Corporation (LNC) is Reiterated by FBR & Co. to Mkt Perform, Raises Price Target to $ 63

Lincoln National Corporation (LNC) was Reiterated by FBR & Co. to “Mkt Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 63 from a previous price target of $55 . FBR & Co. advised their investors in a research report released on Nov 28, 2016.

Many Wall Street Analysts have commented on Lincoln National Corporation. Company shares were Reiterated by FBR & Co. on Nov 28, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 63 from a previous price target of $55 .FBR & Co. Downgraded Lincoln National Corporation on Nov 9, 2016 to ” Mkt Perform”, Price Target of the shares are set at $55.Company shares were Reiterated by FBR & Co. on Oct 18, 2016 to “Outperform”, Firm has raised the Price Target to $ 55 from a previous price target of $52 .

On the company’s financial health, Lincoln National Corporation reported $1.89 EPS for the quarter, beating the analyst consensus estimate by $ 0.28 according to the earnings call on Nov 2, 2016. Analyst had a consensus of $1.61. The company had revenue of $3530.00 million for the quarter, compared to analysts expectations of $3434.91 million. The company’s revenue was down -5.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.65 EPS.

Lincoln National Corporation (LNC) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $64.1 and reached the intraday high at $64.17. The bulls started the profit booking and pushed the shares to intraday low of $63.52. The trading session was marked by a volume range of 5,40,925 shares exchanging hands. The 52-week high of the shares is $64.71 and the 52-week low is $30.39. The market cap of the company stands at $14,662 M and there are 22,85,60,350 shares in public circulation.

In a different news, on Nov 17, 2016, Mark E Konen (President – Ins. Sol. and Ann.) sold 50,000 shares at $61.53 per share price. According to the SEC, on Nov 16, 2016, Lisa Buckingham (EVP & CHRO) sold 33,000 shares at $61.03 per share price. On Nov 15, 2016, Christine A Janofsky (CAO) sold 1,025 shares at $60.11 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.

Lincoln National Corporation

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