Lincoln National: Strong Performance and Growth Potential with Buy Rating from Suneet Kamath

Analyst Suneet Kamath from Jefferies maintained a Buy rating on Lincoln National (LNC – Research Report) and keeping the price target at $46.00.

Suneet Kamath has given his Buy rating due to a combination of factors that highlight Lincoln National’s strong performance and potential for future growth. The company’s first-quarter results exceeded expectations, with operating earnings per share surpassing both the analyst’s and consensus estimates. This was driven by robust performance in the Life Insurance and Group Protection segments, which posted year-over-year sales growth.
Furthermore, Lincoln National demonstrated solid capital management with a high risk-based capital ratio and substantial holding company liquidity. The company’s ability to execute its strategy effectively suggests potential upside in its stock valuation, particularly if macroeconomic conditions remain favorable. Kamath believes that the current stock valuation does not fully account for the company’s expected improvements in free cash flow, indicating a positive outlook for investors.

According to TipRanks, Kamath is a 5-star analyst with an average return of 10.8% and a 67.93% success rate. Kamath covers the Financial sector, focusing on stocks such as Equitable Holdings, Lincoln National, and Primerica.

In another report released on May 9, Piper Sandler also maintained a Buy rating on the stock with a $36.00 price target.