Lincoln National (NYSE:LNC) Price Target & New Coverage by Deutsche Bank
Deutsche Bank issued Buy rating on Lincoln National (NYSE:LNC). The firm initiated coverage on shares of LNC in an analyst report issued to clients and investors on 2 January. Deutsche Bank’s PT would suggest upside of 10.85 % from the company’s last price.
Despite the new coverage NYSE:LNC is right now trading -0.41% lower at $74.44 as of 10:05 AM New York time. Lincoln National shares have [From2] 0% in the past 200 days, while the S&P 500 Index has added 6.00% for the same time.
According to data compiled by Thomson Reuters, Lincoln National (NYSE:LNC)’s stock is covered by 14 equity analysts across the Street, with 0 analysts giving it a Sell rating, 9 a Buy rating, while 7 consider it a Hold. The 12-month consensus target price for the stock is $51.86, which reflects an downside potential of 30.33% over the current price.
Rr Partners Lp had the largest stake with ownership of 3.43M shares as of Q2 2015 for 7.81% of the fund portfolio. Poplar Forest Capital Llc is another bullish investment manager who is possessing 1.15M shares of Lincoln National or 4.63% of their fund portfolio. In addition, Cornerstone Investment Partners Llc have 3.52% of their fund portfolio invested in the company for 1.72M shares. The New York-based fund Lyrical Asset Management Lp revealed it had acquired a stake worth about 3.13% of the investment manager’s stock portfolio in Lincoln National. The New York-based fund Bloom Tree Partners Llc is also positive about the stock, possessing 3.40M shares or 2.89% of their fund portfolio.
Lincoln National (NYSE:LNC) Profile
Lincoln National Corporation is a holding company, which operates insurance and retirement businesses through subsidiary companies. The Company sells a range of wealth protection, accumulation and retirement income products and solutions, through its business segments. The Company operates through four segments: Annuities segment, which offers fixed (including indexed) and variable annuities; Retirement Plan Services segment, which provides employers with retirement plan products and services; Life Insurance segment, which focuses on the creation and protection of wealth through life insurance products, and Group Protection, which offers principally group non-medical insurance products.
Lincoln National (NYSE:LNC) traded down -0.41% on 2 January, hitting $74.44. A total of 441,766 shares of the company’s stock traded hands. This is down from average of 1.11M shares. Lincoln National has a 52 week low of $47.71 and a 52 week high of $76.1. The company has a market cap of $16.48B and a P/E ratio of 11.37.
Get the latest Lincoln National (NYSE:LNC) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.
The post Lincoln National (NYSE:LNC) Now Covered at Deutsche Bank. The Stock has $84.0 Target appeared first on Octafinance.