In a report released today, Elyse Greenspan from Wells Fargo maintained a Hold rating on Lincoln National (LNC), with a price target of $70.00. The company’s shares closed last Thursday at $68.51.
According to TipRanks.com, Greenspan is a 5-star analyst with an average return of 13.0% and a 67.0% success rate. Greenspan covers the Financial sector, focusing on stocks such as American International Group, Marsh & Mclennan Companies, and United Insurance Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lincoln National with a $66.63 average price target.
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Based on Lincoln National’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.14 billion and net profit of $143 million. In comparison, last year the company earned revenue of $4.35 billion and had a net profit of $432 million.
Based on the recent corporate insider activity of 44 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. Most recently, in February 2021, Randal Freitag, the EVP & CFO of LNC sold 80,733 shares for a total of $3,115,177.
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Founded in 1905, Philadelphia-based Lincoln National offers individual and group insurance, retirement, and investment products in the United States and the United Kingdom. The firm distributes its products through independent and company-employed agents, wirehouses, and banks. Lincoln also owns and operates 15 radio stations it acquired as part of the 2006 merger with Jefferson-Pilot Financial.
