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Lincoln National Corporation’s stock (market cap: $7.54B) has reached a significant milestone, hitting a 52-week high of 40.0 USD. According to InvestingPro data, the company maintains an attractive P/E ratio of 6.56 and offers a substantial dividend yield of 4.53%. This marks a notable achievement for the company, as it reflects a strong performance over the past year. The stock’s upward trajectory is underscored by a substantial year-to-date return of 30.48%, with shares appreciating by 42.6% over the past year. This positive momentum, combined with the company’s GOOD overall financial health score and impressive 55-year streak of consecutive dividend payments, highlights investor confidence and could signal further growth opportunities for Lincoln National Corporation in the coming months. For detailed analysis and additional insights, check out the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Lincoln National reported strong second-quarter earnings per share (EPS) of $2.36, significantly surpassing both CFRA’s estimate of $1.58 and the consensus view of $1.88. Despite this earnings beat, the company reported revenue of $4.04 billion, falling short of the expected $4.66 billion, which marked a 13.3% miss. CFRA responded to the earnings results by raising its price target for Lincoln National to $42, maintaining a Hold rating. Similarly, Wells Fargo increased its price target to $37, citing a strong quarter for the company and maintaining an Equal Weight rating. These developments reflect a positive sentiment among analysts despite the revenue shortfall, highlighting the company’s improved margins and strong quarterly performance.
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