TD Cowen analyst Daniel Bergman downgrades $Lincoln National (LNC.US)$ to a hold rating, and adjusts the target price from $55 to $34.
According to TipRanks data, the analyst has a success rate of 56.0% and a total average return of 5.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Lincoln National (LNC.US)$'s main analysts recently are as follows:
The outlook for the insurance sector in North America appears robust, both for life and property and casualty insurance. In the life insurance segment, there are mixed influences with positive contributions from equity markets being partly offset by the declines in interest rates. It's anticipated that catastrophes will be moderately above the average, influenced by several significant storms in the U.S. Within property and casualty insurance, it is expected that underlying margins will continue to be strong, and updates to pricing should be met with a favorable response, despite some worries about the pace of pricing deceleration in property insurance.
The outlook on the life insurance sector is mixed, acknowledging that while the industry's capital positions are robust and valuations appear fair, growth drivers are expected to decelerate, suggesting that selective investment will be key for future success in the life insurance market.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
