Barclays Maintains Lincoln National Corporation to Overweight with Price Target $51.00

Brokerage firm Barclays Maintains its rating on Lincoln National Corporation(NYSE:LNC). In a research note issued to the investors, the brokerage major Raises the price-target to $51.00 per share. The shares have been rated Overweight. The rating by Barclays was issued on Sep 30, 2016.

In a different note, On Sep 23, 2016, Wells Fargo said it Assumes its rating on Lincoln National Corporation. The shares have been rated ‘Market Perform’ by the firm. On Jul 15, 2016, Goldman Sachs said it Downgrades its rating on Lincoln National Corporation. In the research note, the firm Lowers the price-target to $51.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 7, 2016, Citigroup said it Maintains its rating on Lincoln National Corporation. In the research note, the firm Lowers the price-target to $46.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 7, 2016, Deutsche Bank said it Maintains its rating on Lincoln National Corporation. In the research note, the firm Lowers the price-target to $57.00 per share. The shares have been rated ‘Hold’ by the firm.

Lincoln National Corporation (LNC) made into the market gainers list on Tuesdays trading session with the shares advancing 1.38% or 0.65 points. Due to strong positive momentum, the stock ended at $47.8, which is also near the day’s high of $48.37. The stock began the session at $47.45 and the volume stood at 20,91,900 shares. The 52-week high of the shares is $57.54 and the 52 week low is $30.39. The company has a current market capitalization of $11,128 M and it has 23,27,95,340 shares in outstanding.

Lincoln National Corporation has also declared a cash dividend of $0.2500 on Aug 11, 2016. The shares will quote ex-dividend on Oct 6, 2016 and the record date has been fixed on Oct 10, 2016. The dividend payable date has been fixed on Nov 1, 2016.

Lincoln National Corporation(LNC) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $3.31B. Analysts had an estimated revenue of $3.45B. Earnings per share were $1.56. Analysts had estimated an EPS of $1.57.

Several Insider Transactions has been reported to the SEC. On Aug 31, 2016, Lisa Buckingham (EVP & CHRO) sold 12,881 shares at $48.26 per share price.Also, 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.

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