According to a report by The Fly, JPMorgan Chase & Co. changed their recommendation for Lincoln National (NYSE: LNC) from “overweight” to “neutral” in a research note that was published on Friday.
On the subject of LNC, a significant amount of additional research and investigation has been carried out. Lincoln National was moved from an “underperform” rating to a “neutral” rating in a research note published by Credit Suisse Group on November 4. In addition, they lowered their price objective for the stock from $45.00 to $41.00, bringing it down by $5.00. Both of these alterations were carried out. In a research report released on Friday, December 16, Jefferies Financial Group lowered their price target on Lincoln National shares from $40.00 to $25.00. In addition, it downgraded the company from a “hold” rating to an “underperform” rating. Both actions were taken in response to the company’s disappointing performance. StockNews.com changed its rating for Lincoln National on November 7, changing it from “hold” to “sell,” which indicates that they now recommend selling the stock. This change was published in a research note on their website. Goldman Sachs Group lowered their price target for Lincoln National from $50.00 to $46.00 and changed their rating for the company from “neutral” to “buy” in a research report published on November 16. In addition, they changed their recommendation for Lincoln National from “buy” to “buy,” indicating a slight decrease in their enthusiasm for the stock. Piper Jaffray lowered its price target on Lincoln National from $38.00 to $31.00 and assigned the company a “neutral” rating in a research report published on Tuesday, December 20. This is because the company had previously determined that the price objective would be $38.00. One of the equity research analysts polled gave the stock a buy rating, ten gave it a hold rating, and two of the equity research analysts recommended selling the stock. The consensus recommendation for the company is to “Hold” its current position, and the price objective has been set at $40.15, according to Bloomberg.com.
On Friday, the first transaction of LNC stock took place for $31.16. The price of the stock’s moving average over the past fifty days is $35.40; over the last two hundred days, it has been $43.76. There is a balance of 2.69 between all three ratios, which include the debt-to-equity ratio, the quick ratio, and the current ratio. The company has a PEG ratio of 0.36, a PEG ratio of 0.36, a beta value of 1.78, and a P/E ratio of -2.59. It is currently estimated that the company has a market capitalization of $5.27 billion. Over the past year and a half, the price of a share of Lincoln National has ranged anywhere from $28.61 to $76.40.
On November 2, the most recent quarterly earnings report for Lincoln National, traded on the NYSE under the symbol LNC, was made public. The financial services company’s quarterly profits per share came in at $10.23, which was $12.16 lower than the average prediction of $1.93. The company’s revenue for the quarter was $2.23 billion. However, the actual revenue the company brought in for the quarter was $4.63 billion, which was significantly higher than the $4.37 billion analysts anticipated it would bring in for the period. The return on equity for Lincoln National was 6.59 percentage points lower than the industry average, and the company’s net margin was 10.52 percentage points lower than the industry average. The projections of market researchers indicate that Lincoln National will experience a loss of 4.18 cents per share during the current fiscal year.
On December 15, Executive Vice President John Christopher Kennedy completed the sale of 1,500 shares of the company’s stock. This is just one piece of information regarding Lincoln National. The shares were sold on the open market for a total of $30.79 per share, which brings the total cost of the transaction to $46,185.00. Because of the sale, the executive vice president now directly owns 20,336 shares of the company, and the total value of those shares is $626,145.44. A document containing the information given to the Securities and Exchange Commission regarding the transaction can be found on this website. The document contains all of the information that was given to the SEC. Business insiders on the total number of shares in the company are 1.75 percent.
A few hedge funds have made recent adjustments to the percentage of their holdings invested in the company, either increasing the percentage or decreasing it. During the second quarter of this year, Apeiron RIA LLC made a capital contribution of $25,000 toward acquiring a new stake in Lincoln National. In the second quarter, Jones Financial Companies LLLP brought its total ownership of Lincoln National stock to a level that was 294.1% higher than it was in the first quarter. Jones Financial Companies Lllp now has a total of 536 shares of the stock held by the financial services provider after purchasing an additional 400 shares during the quarter. Jones Financial Companies Lllp now has 536 shares in its possession. These shares are worth a total of $25,000. During the second quarter, Arlington Partners LLC made a fresh investment in Lincoln National, amounting to approximately $27,000. This investment was made in conjunction with another, more substantial transaction. Over the first three months of 2018, Achmea Investment Management B.V. contributed to its ownership of Lincoln National, totaling more than $30,000. And finally, but certainly not least, during the fourth quarter of the fiscal year, General Partner Inc. made a fresh investment in Lincoln National for $36,000. Financial institutions hold the vast majority of the company’s shares, amounting to 78.00% of the total.
Lincoln National Corporation’s wholly-owned subsidiaries run several insurance and retirement businesses in the United States. Lincoln National Corporation’s primary market is the United States. There are four distinct business divisions within the company, and they are as follows: annuities, retirement plan services, life insurance, and group protection. The Annuities category encompasses both fixed and variable annuities, in addition to indexed variable choices, and it’s also where you’ll find pensions.