In a report released yesterday, Mark Dwelle from RBC Capital reiterated a Buy rating on Lincoln National Corp (NYSE: LNC), with a price target of $82. The company’s shares closed yesterday at $65.70.
According to TipRanks.com, Dwelle is a 5-star analyst with an average return of 11.5% and a 69.1% success rate. Dwelle covers the Financial sector, focusing on stocks such as Marsh & Mclennan Companies, Brighthouse Financial Inc, and Arthur J Gallagher & Co.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Lincoln National Corp with a $81.40 average price target, implying a 23.9% upside from current levels. In a report released yesterday, Sandler O’Neill also reiterated a Buy rating on the stock with a $78 price target.
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Based on Lincoln National Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $4.01 billion and net profit of $385 million. In comparison, last year the company earned revenue of $3.53 billion and had a net profit of $411 million.
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LNC in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Lincoln National Corp. is a holding company, which operates multiple insurance and retirement businesses through its subsidiary companies. It provides advice and solutions that help empower people to take charge of their financial lives with confidence and optimism.
