Fintel reports that on May 22, 2024, Jefferies upgraded their outlook for Lincoln National (NYSE:LNC) from Hold to Buy.
Analyst Price Forecast Suggests 0.97% Downside
As of May 8, 2024, the average one-year price target for Lincoln National is 30.37. The forecasts range from a low of 26.26 to a high of $36.75. The average price target represents a decrease of 0.97% from its latest reported closing price of 30.67.
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The projected annual revenue for Lincoln National is 19,653MM, an increase of 64.50%. The projected annual non-GAAP EPS is 10.32.
Lincoln National Declares $0.45 Dividend
On February 22, 2024 the company declared a regular quarterly dividend of $0.45 per share ($1.80 annualized). Shareholders of record as of April 10, 2024 received the payment on May 1, 2024. Previously, the company paid $0.45 per share.
At the current share price of 30.67 / share, the stocks dividend yield is {1}%.
The current dividend yield is 0.79 standard deviations above the historical average.
Additionally, the companys dividend payout ratio is {0}. The payout ratio tells us how much of a companys income is paid out in dividends. A payout ratio of one (1.0) means 100% of the companys income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The companys 3-Year dividend growth rate is {0}%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 863 funds or institutions reporting positions in Lincoln National. This is an decrease of 182 owner(s) or 17.42% in the last quarter. Average portfolio weight of all funds dedicated to LNC is 0.14%, an increase of 32.71%. Total shares owned by institutions decreased in the last three months by 3.20% to 135,439K shares. 
The put/call ratio of LNC is 1.49, indicating a bearish outlook.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 7,760K shares representing 4.56% ownership of the company. In its prior filing, the firm reported owning 7,525K shares , representing an increase of 3.02%. The firm decreased its portfolio allocation in LNC by 2.59% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 5,310K shares representing 3.12% ownership of the company. In its prior filing, the firm reported owning 5,290K shares , representing an increase of 0.38%. The firm decreased its portfolio allocation in LNC by 2.01% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 4,320K shares representing 2.54% ownership of the company. In its prior filing, the firm reported owning 4,368K shares , representing a decrease of 1.12%. The firm decreased its portfolio allocation in LNC by 5.11% over the last quarter.
Hsbc Holdings holds 3,607K shares representing 2.12% ownership of the company. In its prior filing, the firm reported owning 4,257K shares , representing a decrease of 18.02%. The firm decreased its portfolio allocation in LNC by 32.84% over the last quarter.
Geode Capital Management holds 3,358K shares representing 1.98% ownership of the company. In its prior filing, the firm reported owning 3,126K shares , representing an increase of 6.93%. The firm increased its portfolio allocation in LNC by 12.45% over the last quarter.
Lincoln National Background Information
(This description is provided by the company.)
Lincoln Financial Group provides advice and solutions that help people take charge of their financial lives with confidence and optimism. Today, more than 17 million customers trust our retirement, insurance and wealth protection expertise to help address their lifestyle, savings and income goals, and guard against long-term care expenses. Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates. The company had $281 billion in end-of-period account values as of September 30, 2020. Lincoln Financial Group is a committed corporate citizen included on major sustainability indices including the Dow Jones Sustainability Index North America and FTSE4Good. Dedicated to diversity and inclusion, we earned perfect 100 percent scores on the Corporate Equality Index and the Disability Equality Index, and rank among Forbes' World's Best Employers, Best Large Employers, Best Employers for Diversity, and Best Employers for Women, and Newsweek's Most Responsible Companies.
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