Wall Street Analyst Downgrade Lincoln National Corporation [LNC]. What else is Wall St. saying

Lincoln National Corporation [NYSE: LNC] loss -4.89% or -1.15 points to close at $22.37 with a heavy trading volume of 5692957 shares. The company report on March 15, 2023 that Lincoln Financial Group named one of the World’s Most Ethical Companies® by Ethisphere for second consecutive year.

Recognition honors companies demonstrating business integrity through best-in-class ethics, compliance, and governance practices.

Lincoln Financial Group (NYSE: LNC) has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2023 World’s Most Ethical Companies for the second consecutive year.

It opened the trading session at $22.55, the shares rose to $22.72 and dropped to $21.52, the range by which the price of stock traded the whole day. The daily chart for LNC points out that the company has recorded -54.41% loss over the past six months. However, it is still 1.54% lower than its most recent low trading price.

If we look at the average trading volume of 3.38M shares, LNC reached to a volume of 5692957 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Lincoln National Corporation [LNC]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LNC shares is $34.38 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LNC stock is a recommendation set at 3.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Barclays have made an estimate for Lincoln National Corporation shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on January 09, 2023. While these analysts kept the previous recommendation, JP Morgan dropped their target price from $55 to $36. The new note on the price target was released on January 06, 2023, representing the official price target for Lincoln National Corporation stock. Previously, the target price had yet another drop from $50 to $46, while Goldman kept a Buy rating on LNC stock. On November 04, 2022, analysts decreased their price target for LNC shares from 45 to 41.

The Average True Range (ATR) for Lincoln National Corporation is set at 1.46, with the Price to Sales ratio for LNC stock in the period of the last 12 months amounting to 0.21. The Price to Book ratio for the last quarter was 1.22, with the Price to Cash per share for the same quarter was set at 18.54. Price to Free Cash Flow for LNC in the course of the last twelve months was 1.08.

Trading performance analysis for LNC stock

Lincoln National Corporation [LNC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -23.52. With this latest performance, LNC shares dropped by -36.21% in over the last four-week period, additionally sinking by -54.41% over the last 6 months – not to mention a drop of -63.88% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LNC stock in for the last two-week period is set at 19.88, with the RSI for the last a single of trading hit 13.72, and the three-weeks RSI is set at 25.42 for Lincoln National Corporation [LNC]. The present Moving Average for the last 50 days of trading for this stock 31.75, while it was recorded at 24.40 for the last single week of trading, and 41.78 for the last 200 days.

Lincoln National Corporation [LNC]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Lincoln National Corporation [LNC] shares currently have an operating margin of -10.52. Lincoln National Corporation’s Net Margin is presently recorded at -11.90.

Return on Equity for this stock declined to -18.27, with Return on Assets sitting at -0.65.

Lincoln National Corporation [LNC]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LNC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Lincoln National Corporation go to 4.50%.

An analysis of insider ownership at Lincoln National Corporation [LNC]

There are presently around $3,137 million, or 81.70% of LNC stock, in the hands of institutional investors. The top three institutional holders of LNC stocks are: VANGUARD GROUP INC with ownership of 20,068,955, which is approximately 4.383% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 13,818,184 shares of the stock with an approximate value of $309.11 million in LNC stocks shares; and STATE STREET CORP, currently with $211.9 million in LNC stock with ownership of nearly 0.303% of the company’s market capitalization.

Positions in Lincoln National Corporation stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 275 institutional holders increased their position in Lincoln National Corporation [NYSE:LNC] by around 21,164,963 shares. Additionally, 334 investors decreased positions by around 17,856,802 shares, while 86 investors held positions by with 101,210,820 shares. The mentioned changes placed institutional holdings at 140,232,585 shares, according to the latest SEC report filing. LNC stock had 80 new institutional investments in for a total of 2,668,132 shares, while 117 institutional investors sold positions of 4,278,167 shares during the same period.