Wells Fargo Keeps a Hold Rating on Lincoln National (LNC)

By Ryan Adsit

Wells Fargo analyst Elyse Greenspan maintained a Hold rating on Lincoln National (LNCResearch Report) yesterday. The company’s shares closed last Monday at $57.77.

According to TipRanks.com, Greenspan is a 4-star analyst with an average return of 5.5% and a 64.9% success rate. Greenspan covers the Financial sector, focusing on stocks such as American International Group, Marsh & Mclennan Companies, and United Insurance Holdings.

Currently, the analyst consensus on Lincoln National is a Hold with an average price target of $68.60, which is a 18.6% upside from current levels. In a report issued on November 27, UBS also maintained a Hold rating on the stock with a $61.00 price target.

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Based on Lincoln National’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.72 billion and GAAP net loss of $161 million. In comparison, last year the company earned revenue of $4.22 billion and had a net profit of $490 million.

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Lincoln National Corp. is a holding company, which operates multiple insurance and retirement businesses through its subsidiary companies. It provides advice and solutions that help empower people to take charge of their financial lives with confidence and optimism.