Lincoln National (LNC) Gets a Buy from Morgan Stanley
In a report released today, Bob Huang from Morgan Stanley maintained a Buy rating on Lincoln National, with a price target of $50.00.
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Huang covers the Financial sector, focusing on stocks such as Progressive, Allstate, and Arch Capital Group. According to TipRanks, Huang has an average return of -4.9% and a 51.61% success rate on recommended stocks.
In addition to Morgan Stanley, Lincoln National also received a Buy from Mizuho Securities’s Yaron Kinar in a report issued on February 13. However, on February 20, TipRanks – xAI reiterated a Hold rating on Lincoln National (NYSE: LNC).
Based on Lincoln National’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.92 billion and a net profit of $754 million. In comparison, last year the company earned a revenue of $5.08 billion and had a net profit of $1.69 billion
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LNC in relation to earlier this year. Earlier this month, James Waltman Reid, the EVP Workplace Solutions of LNC sold 3,050.00 shares for a total of $127,520.50.
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