J.P. Morgan Reiterates a Hold Rating on Lincoln National Corp.

In a report released today, Jimmy Bhullar from J.P. Morgan reiterated a Hold rating on Lincoln National Corp. (NYSE: LNC), with a price target of $54. The company’s shares opened today at $50.47.

According to TipRanks.com, Bhullar is a 4-star analyst with an average return of 5.1% and a 50.0% success rate. Bhullar covers the Financial sector, focusing on stocks such as American Equity Investment Life, Fidelity & Guaranty Life, and Prudential Financial.

Lincoln National Corp. has an analyst consensus of Moderate Buy, with a price target consensus of $54.25.

The company has a one year high of $57.54 and a one year low of $30.39. Currently, Lincoln National Corp. has an average volume of 1.67M.

Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. Most recently, in September 2016, Patrick Pittard, a Director at LNC sold 10,382 shares for a total of $484,493.

Lincoln National Corp. is a holding company, which operates multiple insurance and retirement businesses through its subsidiary companies. It operates through the following segments: Annuities, Retirement Plan Services, Life Insurance, Group Protection and Other operations. The Annuities segment provides tax-deferred investment growth and lifetime income opportunities for its clients by offering fixed and variable annuities. The Retirement Plan Services segment provides employers with retirement plan products and services, primarily in the defined contribution retirement plan marketplaces. The Life Insurance segment focuses on the creation and protection of wealth for its clients by providing life insurance products, including term insurance, a linked-benefit product and both single and survivorship versions of universal life insurance and variable universal life insurance, including COLI and BOLI products. The Group Protection segment offers group non-medical insurance products, principally term life, disability and dental, to the employer marketplace through various forms of employee-paid and employer-paid plans. The company was founded in 1968 and is headquartered in Radnor, PA.