On Wednesday, Lincoln National (LNC) will report its quarterly earnings.
Lincoln National (NYSE:LNC) will release its earnings report for the company’s third quarter operations on Wednesday, February 8th after the close of trading.
The company is expected to post earnings of $1.89 per share each quarter.
Investors can join the conference call that the company is hosting by using the link provided above.
The latest quarterly report for Lincoln National, traded on the NYSE under the symbol LNC, was released on November 2nd.
The financial services company’s earnings per share for the quarter were $10.23, down $12.16 from the median guidance of $1.93.
The company’s revenue for the quarter was $2.23 billion.
Lincoln National had a negative return on equity of 6.59% and a negative net margin of 10.52%.
Lincoln National also had a negative return on equity.
Actual revenue the company had for the quarter was $4.63 billion, higher than the guidance revenue of $4.37 billion the company is expected to have during the quarter. Lincoln National is forecasting earnings per share (EPS) of -$4 for the current fiscal year, while forecasting earnings per share for the next fiscal year will be $9.
On Wednesday, Lincoln National shares opened at $35.43.
Its price remained unchanged throughout the day.
Mhere is a debt to equity ratio of 2.69, a current ratio of 0.19, a quick ratio of 0.19 and a current ratio of 0.19. Lincoln National prices have ranged from a high of $76.40 to a low of $76.40 at each point in the past year.
The company has a price-to-earnings multiple of -2.94, a price-to-earnings-to-growth ratio of 0.56 and a beta of 1.78.
Its market cap is $6 billion and its price-to-earnings ratio is negative.
The 50-day and 200-day moving averages for this company are currently $32.80 and $41.76, respectively.
Also on December 15, the company’s executive vice president and chief operating officer, John Christopher Kennedy, sold 1,500 shares of the company’s stock.
Mhe shares were sold on the open market for a total of $30.79 per share, bringing the total cost of the transaction to $46,185.00.
Upon closing of the transaction, the Executive Vice President will directly own 20,336 shares of the Company’s stock, having an aggregate value of $626,145.44.
The Securities and Exchange Commission has received legal documentation relating to the transaction, which can be viewed in full by following the link provided in the previous sentence.
The documentation has been made available to the SEC. 1.75 company insiders own one percent of all shares currently outstanding.
Some of the world’s most successful investors have recently made adjustments to the amount of their LNC shares.
American Century Companies Inc.
Increased its holding in Lincoln National by 11.6% during the first three months of the year by purchasing additional shares.
American Century Companies Inc. now owns a total of 17,600 shares of the financial services provider after acquiring an additional 1,835 shares last quarter.
The Company’s stock is currently valued at $1,150,000 based on the 17,600 shares it owns.
The percentage of Lincoln National stock owned by Private Advisor Group LLC is up 4.2% in the first three months of 2018.
Private Advisor Group LLC now owns a total of 6,980 shares of the financial services provider, totaling $456,000.
This was made possible by the purchase of a further 284 shares in the previous quarter.
The Mhe Healthcare of Ontario Pension Plan Trust Fund increased its stake in Lincoln National by a multiple of 2,066.8% during the first three months of the year.
The Mhe Healthcare of Ontario Pension Plan Trust Fund now holds a total of 17,768 shares in the financial services provider.
This is the result of the fund buying an additional 16,948 shares last quarter.
The current value of these shares when traded in the market is $1,161,000.
MetLife Investment Management LLC increased its interest in Lincoln National by 24.7% during the first three months of the year, bringing its total percentage of Lincoln National stock owned to 100%.
After purchasing an additional 9,279 shares last quarter, MetLife Investment Management LLC now owns a total of 46,808 shares of the financial services provider, valued at $3,059,000.
Mhis brings the total number of shares the company owns to 46,808.
During the first three months of this year, Panagora Asset Management Inc.
Increased Lincoln National’s shareholding by 107.8%, making this the last and most important point.
Panagora Asset Management Inc. now owns 10,455 shares of the company after purchasing an additional 5,423 shares last quarter.
The company’s current market cap is $683,000. Financial institutions own a total of 78.00% of the company’s shares.
In the last few weeks, several analysts have published their published ratings of LNC stock.
In a research note published on Friday, December 16, Jefferies Financial Group lowered its price target on Lincoln National to $25.00 from $40.00 and downgraded the company from hold to underperform. Both actions were taken in relation to the stock.
In a research note published on January 10, Morgan Stanley lowered its rating for Lincoln National stock to “equal weight,” and lowered its price target on the stock to $40.00 from $54.00.
In addition, the target price for the stock was lowered to $40.00 from $54.00. Following the publication of a research report on Monday, January 9th, the Goldman Sachs Group lowered its buy rating and price target on shares of Lincoln National to $40.00 from $46.00.
The report was titled Lincoln National Research Update. The target price has not changed since we set it.
The target price the Royal Bank of Canada has set for shares of Lincoln National has fallen from $54.00 to $40.00, based on a research study published on Nov. 4. Wells Fargo & Company has lowered its target price on Lincoln National shares from $38.00 to $32.00.
In a research report published on Wednesday, January 18, it gave the company a “balance” rating.
This is due to the fact that the company had previously stated that the price target would be $38.00.
Several research analysts recommended selling the stock, eleven research analysts recommended holding the stock and one research analyst recommended buying the stock.
The current overall rating for the stock is Hold, and Bloomberg has provided information to indicate that the company’s average price target is currently set at $36.36.