Is Credit Suisse Positive On Shares of Lincoln National (NYSE:LNC)?

April 26, 2018 - By Vivian Currie

Lincoln National Corporation (NYSE:LNC) Logo

Investors sentiment increased to 0.96 in Q4 2017. Its up 0.12, from 0.84 in 2017Q3. It improved, as 35 investors sold Lincoln National Corporation shares while 213 reduced holdings. 61 funds opened positions while 176 raised stakes. 170.09 million shares or 1.02% less from 171.85 million shares in 2017Q3 were reported.

Wedge Mgmt L Lp Nc accumulated 0.3% or 431,726 shares. Bank & Trust Of Nova Scotia reported 34,508 shares stake. Arizona State Retirement Systems holds 110,928 shares or 0.08% of its portfolio. Natixis has 0.02% invested in Lincoln National Corporation (NYSE:LNC). Schwab Charles Invest Management Inc, California-based fund reported 801,800 shares. Ngam Advsr Lp accumulated 107,799 shares. Prudential Public Limited Co owns 3.02M shares or 0.71% of their US portfolio. 24,464 are held by Panagora Asset Mngmt Incorporated. Parallax Volatility Advisers L P has 13,123 shares. Virtus Inv Advisers accumulated 29,595 shares or 0.11% of the stock. Cleararc Cap, Ohio-based fund reported 5,589 shares. Stevens Capital Mngmt Ltd Partnership holds 150,975 shares or 0.45% of its portfolio. Private Advisor Group Limited Liability has invested 0.1% of its portfolio in Lincoln National Corporation (NYSE:LNC). 241,432 are held by Sit Inv Assocs. Raymond James Tru Na holds 7,167 shares or 0.04% of its portfolio.

Since February 2, 2018, it had 0 insider buys, and 7 insider sales for $14.98 million activity. Another trade for 31,657 shares valued at $2.67 million was made by Freitag Randal J on Friday, February 2. 1,875 shares were sold by Solon Kenneth S., worth $147,244 on Wednesday, February 21. On Friday, February 2 GLASS DENNIS R sold $8.67 million worth of Lincoln National Corporation (NYSE:LNC) or 102,367 shares. $620,568 worth of stock was sold by Cooper Ellen on Friday, February 2.

Why Has Credit Suisse Given Lincoln National (NYSE:LNC) a $74 Price Target

Equity research analysts at Credit Suisse began coverage on shares of Lincoln National (NYSE:LNC) in a note sent to investors on 25 April. The broker set “Neutral” rating on the stock. Credit Suisse’s target price per share of $74 suggests potential of 3.40 % from the stock’s stock close price.

Investors sentiment increased to 0.96 in Q4 2017. Its up 0.12, from 0.84 in 2017Q3. It improved, as 35 investors sold Lincoln National Corporation shares while 213 reduced holdings. 61 funds opened positions while 176 raised stakes. 170.09 million shares or 1.02% less from 171.85 million shares in 2017Q3 were reported.

Wedge Mgmt L Lp Nc accumulated 0.3% or 431,726 shares. Bank & Trust Of Nova Scotia reported 34,508 shares stake. Arizona State Retirement Systems holds 110,928 shares or 0.08% of its portfolio. Natixis has 0.02% invested in Lincoln National Corporation (NYSE:LNC). Schwab Charles Invest Management Inc, California-based fund reported 801,800 shares. Ngam Advsr Lp accumulated 107,799 shares. Prudential Public Limited Co owns 3.02M shares or 0.71% of their US portfolio. 24,464 are held by Panagora Asset Mngmt Incorporated. Parallax Volatility Advisers L P has 13,123 shares. Virtus Inv Advisers accumulated 29,595 shares or 0.11% of the stock. Cleararc Cap, Ohio-based fund reported 5,589 shares. Stevens Capital Mngmt Ltd Partnership holds 150,975 shares or 0.45% of its portfolio. Private Advisor Group Limited Liability has invested 0.1% of its portfolio in Lincoln National Corporation (NYSE:LNC). 241,432 are held by Sit Inv Assocs. Raymond James Tru Na holds 7,167 shares or 0.04% of its portfolio.

Since February 2, 2018, it had 0 insider buys, and 7 insider sales for $14.98 million activity. Another trade for 31,657 shares valued at $2.67 million was made by Freitag Randal J on Friday, February 2. 1,875 shares were sold by Solon Kenneth S., worth $147,244 on Wednesday, February 21. On Friday, February 2 GLASS DENNIS R sold $8.67 million worth of Lincoln National Corporation (NYSE:LNC) or 102,367 shares. $620,568 worth of stock was sold by Cooper Ellen on Friday, February 2.

Lincoln National Corporation (NYSE:LNC) Ratings Coverage

Among 10 analysts covering Lincoln National (NYSE:LNC), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. Lincoln National has $95.0 highest and $74 lowest target. $85.44’s average target is 19.38% above currents $71.57 stock price. Lincoln National had 14 analyst reports since November 2, 2017 according to SRatingsIntel. As per Tuesday, January 2, the company rating was upgraded by JP Morgan. As per Friday, January 19, the company rating was maintained by Sandler O’Neill. Keefe Bruyette & Woods maintained the shares of LNC in report on Thursday, December 21 with “Hold” rating. On Thursday, November 2 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The stock has “Hold” rating by Keefe Bruyette & Woods on Sunday, January 21. The stock of Lincoln National Corporation (NYSE:LNC) has “Buy” rating given on Thursday, February 1 by RBC Capital Markets. Keefe Bruyette & Woods maintained Lincoln National Corporation (NYSE:LNC) rating on Wednesday, April 11. Keefe Bruyette & Woods has “Hold” rating and $8500 target. The stock of Lincoln National Corporation (NYSE:LNC) has “Buy” rating given on Friday, December 8 by RBC Capital Markets. The stock of Lincoln National Corporation (NYSE:LNC) earned “Equal-Weight” rating by Morgan Stanley on Monday, November 13. Wells Fargo maintained the stock with “Hold” rating in Tuesday, April 3 report.

The stock decreased 0.46% or $0.33 during the last trading session, reaching $71.57. About 25,383 shares traded. Lincoln National Corporation (NYSE:LNC) has risen 13.38% since April 26, 2017 and is uptrending. It has outperformed by 1.83% the S&P500.

Analysts await Lincoln National Corporation (NYSE:LNC) to report earnings on May, 2 after the close. They expect $1.97 earnings per share, up 2.60 % or $0.05 from last year’s $1.92 per share. LNC’s profit will be $430.80 million for 9.08 P/E if the $1.97 EPS becomes a reality. After $1.98 actual earnings per share reported by Lincoln National Corporation for the previous quarter, Wall Street now forecasts -0.51 % negative EPS growth.

Lincoln National Corporation, through its subsidiaries, engages in the multiple insurance and retirement businesses in the United States. The company has market cap of $15.65 billion. It operates through four divisions: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. It has a 7.76 P/E ratio. The firm sells a range of wealth protection, accumulation, and retirement income products and solutions.

Lincoln National Corporation (NYSE:LNC) Institutional Positions Chart

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