In a report released today, Nigel Dally from Morgan Stanley maintained a Hold rating on Lincoln National Corp (LNC), with a price target of $75. The company’s shares closed last Monday at $53.37.
According to TipRanks.com, Dally is a 4-star analyst with an average return of 9.8% and a 60.9% success rate. Dally covers the Financial sector, focusing on stocks such as AXA Equitable Holdings Inc, Brighthouse Financial Inc, and Prudential Financial Inc.
Lincoln National Corp has an analyst consensus of Moderate Buy, with a price target consensus of $72.83.
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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 $4.24 billion and net profit of $363 million. In comparison, last year the company earned revenue of $4.01 billion and had a net profit of $385 million.
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling 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.
