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Lincoln National Co. Faces Mixed Financial Performance and Analyst Pressure

Lincoln National Co. Faces Mixed Financial Performance and Analyst Pressure

June 23, 2023 – Financial services provider Lincoln National Co. (NYSE:LNC) has been making headlines lately, with a recent acquisition of shares by institutional investor Chapin Davis Inc. The investor acquired over 11,000 shares of the company’s stock during the first quarter, valued at approximately $249,000 according to the firm’s latest 13F filing with the Securities & Exchange Commission.

Lincoln National’s financial performance has been mixed in recent months. On May 9th, the company released earnings results for the quarter showing earnings per share (EPS) of $1.52, which beat analysts’ consensus estimates of $1.49 by three cents. However, revenue for the quarter came in at $3.81 billion – significantly lower than analyst estimates of $4.59 billion – and was down 19.2% on a year-over-year basis.

The company has also faced pressure from equities analysts in recent weeks, as several firms have decreased their price targets on Lincoln National’s stock or issued “hold” ratings for it. Barclays decreased its price objective from $20 to $17 back on May 3rd while Piper Sandler lowered its objective from $23 to $22 that same day.

More recently, JPMorgan Chase & Co., Goldman Sachs Group, and Morgan Stanley have all decreased their price targets as well: The former dropped from $36 to $29 and issued a “neutral” rating; the latter two decreased from $39 to $30 and from $38 to $31 respectively while both issuing “equal weight” ratings for Lincoln National’s stock.

Despite these changes in analyst opinions and market performance metrics, there are still some positive signs for investors eyeing LNC going forward: Equities analysts that Bloomberg has surveyed expect EPS for the current fiscal year to be around 7.06 – giving hope that Lincoln National could turn things around soon if management can find ways to boost revenue and control costs.

Price Target

Current $23.78

Concensus $53.64


Low $31.00

Median $53.00

High $82.00

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Social Sentiments

We did not find social sentiment data for this stock

Analyst Ratings

Analyst / firm Rating
Morgan Stanley Buy
Goldman Sachs Buy
Piper Sandler Buy
Ryan Kruger
National Bank
Buy
Barclays Buy

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Lincoln National Co. Attracts Institutional Investors and Hedge Funds


Lincoln National Corporation, a financial services provider, recently saw an increase in holdings from institutional investors and hedge funds. Private Advisor Group LLC reported a 4.2% growth in shares during the first quarter, while Nordea Investment Management AB saw a 2.3% increase during the fourth quarter. EverSource Wealth Advisors LLC experienced a significant jump with a 51.4% increase during the same period. In addition, Keystone Financial Group reported a growth of up to 3%, while SVB Wealth LLC experienced an increase of approximately 7% during the first quarter.

With such an influx of investments from institutional entities and hedge funds, Lincoln National Co.’s stocks opened at $24.13 on Friday. The company has registered its thirty-day moving average at $21.77 and two-hundred day moving average at $26.72, having reached its one-year low at $18.50 and one-year high at $54.59, respectively.

Several equities analysts have recently issued reports on LNC stocks. These include Barclays which decreased their price objective from $20 to $17 whereas American investment bank Goldman Sachs stated that Lincoln National Company is still good to buy with its price target remaining stable at $30 per share, down by only about 23%. Meanwhile, Piper Sandler decreased Lincoln National’s price objectives from $23 to $22 in their report dated May 3rd.

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Lincoln National Co., for its part, recently announced that it will be issuing quarterly dividends starting August 1st with stockholders of record on Monday July 10th receiving a dividend payout of $.45 per share held on that date; ex-dividend date was set for Friday July 7th.

In other company news, director Gary C. Kelly bought over seven thousand shares of Lincoln National’s stocks last May at the average price of $25.52 per share or roughly around two hundred thousand dollars total. Following the purchase, Kelly now directly owns 15,007 shares of LNC’s stock valued at $382,978.64.

Despite difficult market conditions and several being downgraded by equities firms assessing their worth or have given a Hold rating on common platforms like Bloomberg, Lincoln National Co.’s stocks remain attractive for institutional investors and hedge fund managers alike as demonstrated by the recent growth in holdings Registered Investment Advisors (RIAs) being one key examples of this group interested in this company which offers a wide range of insurance and investment products.

  • June 24, 2023