Lincoln National Launches $375 Million Cash Tender Offer, Stock Rises

RADNOR, Pa. — Lincoln National Corporation (LNC) announced on Tuesday that it has initiated a cash tender offer worth up to $375 million. The offer targets specific outstanding securities, including senior and subordinated notes.

The announcement led to a notable jump in Lincoln National’s stock, which rose 4.23% to reach $34.76. This decision is part of the company’s strategy to enhance its financial posture.

The tender offer is set to close at 5:00 PM on June 10. Analysts have observed that the average price target for Lincoln National shares is projected at $37.40 — with a high estimate of $46.00 and a low of $32.00. This suggests a potential upside of 7.53% from the current stock price.

Brokerage recommendations for Lincoln National reflect an average rating of 2.9 on a scale of 1 to 5, indicating a ‘Hold’ position based on consensus from 14 firms. A rating of 1 denotes a Strong Buy, while a 5 indicates a Sell.

Additionally, GuruFocus estimates the fair value of Lincoln National for the next year to be $40.72, presenting a possible upside of 17.08% from its current price.