Last Updated: 07 Nov 2024
Executive Summary
Lincoln National Corporation (LNC) is a leading provider of insurance and investment management services in the United States. The company has a strong financial position, with a market capitalization of $62.75 billion and a trailing price-to-earnings (PE) ratio of 22.88. LNC has been facing some challenges in recent quarters, with declining revenue and earnings. However, the company's long-term prospects are positive, with analysts expecting strong growth in the coming years.
Company Overview
LNC is a holding company that operates multiple insurance and investment management businesses through subsidiary companies. The company's insurance operations include life insurance, annuities, and long-term care insurance. LNC's investment management operations include mutual funds, separate accounts, and variable annuities. The company's marketing name is Lincoln Financial Group.
Fundamental Analysis
LNC's financial performance has been mixed in recent quarters. The company's revenue has declined in each of the past three quarters, and its earnings have declined in two of the past three quarters. However, the company's financial position remains strong, with a debt-to-equity ratio of 0.45 and a current ratio of 1.23.
LNC's key financial metrics are as follows:
Revenue: $13.55 billion (TTM)
Net income: $331 million (TTM)
Earnings per share: $1.61 (TTM)
Book value per share: $47.12
Dividend yield: 0.0549%
Technical Analysis
LNC's stock price has been trending lower in recent months. The stock is currently trading at $36.84, which is below its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is 35.71, which indicates that the stock is oversold.
Short Term Outlook
LNC's short-term outlook is uncertain. The company's stock price is trading below its moving averages and its RSI is oversold. This suggests that the stock could continue to decline in the short term. However, the company's financial position is strong and its long-term prospects are positive.
Long Term Outlook
LNC's long-term outlook is positive. The company is a leader in the insurance and investment management industries. The company's strong financial position and its experienced management team should allow it to continue to grow in the coming years.
Analyst Recommendations
Analysts are generally positive on LNC's long-term prospects. The consensus analyst rating on the stock is "hold." The average analyst target price is $34.60, which represents a potential upside of 6.08% from the current price.
