November 25, 2016 - By Clifton Ray · 0 Comments
Lincoln National Corp (NYSE:LNC) institutional sentiment increased to 0.82 in 2016 Q2. Its up 0.01, from 0.81 in 2016Q1. The ratio has improved, as 203 institutional investors opened new or increased holdings, while 250 sold and reduced stakes in Lincoln National Corp. The institutional investors in our partner’s database now hold: 177.93 million shares, down from 196.04 million shares in 2016Q1. Also, the number of institutional investors holding Lincoln National Corp in their top 10 holdings decreased from 4 to 1 for a decrease of 3. Sold All: 41 Reduced: 209 Increased: 149 New Position: 54.
Lincoln National Corporation is a holding company, which operates insurance and retirement businesses through subsidiary companies. The company has a market cap of $14.78 billion. The Firm sells a range of wealth protection, accumulation and retirement income products and solutions, through its business divisions. It has a 12.02 P/E ratio. It operates through four divisions: Annuities segment, which offers fixed and variable annuities; Retirement Plan Services segment, which provides employers with retirement plan services and products; Life Insurance segment, which focuses in the creation and protection of wealth through life insurance products, and Group Protection, which offers principally group non-medical insurance products.
The stock closed at $64.15 during the last session. It is down 44.68% since April 22, 2016 and is uptrending. It has outperformed by 39.27% the S&P500.
Analysts await Lincoln National Corporation (NYSE:LNC) to report earnings on February, 1. They expect $1.67 earnings per share, up 8.44% or $0.13 from last year’s $1.54 per share. LNC’s profit will be $384.76M for 9.60 P/E if the $1.67 EPS becomes a reality. After $1.83 actual earnings per share reported by Lincoln National Corporation for the previous quarter, Wall Street now forecasts -8.74% negative EPS growth.
According to Zacks Investment Research, “Lincoln National Corp. is a holding company. Through subsidiary companies, the company operates multiple insurance and investment management businesses. Operations are divided into four business segments: Life Insurance and Annuities; Lincoln UK; Reinsurance and; Investment Management.”
Rr Partners Lp holds 6.73% of its portfolio in Lincoln National Corporation for 4.00 million shares. Poplar Forest Capital Llc owns 1.08 million shares or 3.89% of their US portfolio. Moreover, Lyrical Asset Management Lp has 2.82% invested in the company for 3.49 million shares. The Georgia-based Cornerstone Investment Partners Llc has invested 2.66% in the stock. Argent Capital Management Llc, a Missouri-based fund reported 1.00 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 17 sales for $42.57 million net activity.
Ratings analysis reveals 33% of Lincoln National’s analysts are positive. Out of 12 Wall Street analysts rating Lincoln National, 4 give it “Buy”, 0 “Sell” rating, while 8 recommend “Hold”. The lowest target is $43 while the high is $63. The stock’s average target of $54.11 is -15.65% below today’s ($64.15) share price. LNC was included in 23 notes of analysts from August 4, 2015. FBR Capital downgraded Lincoln National Corporation (NYSE:LNC) on Wednesday, November 9 to “Mkt Perform” rating. The firm has “Sector Perform” rating given on Thursday, February 4 by RBC Capital Markets. The rating was initiated by Credit Suisse on Friday, October 7 with “Neutral”. The stock has “Neutral” rating given by Bank of America on Wednesday, June 29. Wells Fargo initiated the stock with “Market Perform” rating in Friday, September 23 report. The firm has “Buy” rating by Goldman Sachs given on Thursday, September 10. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, October 29. As per Tuesday, September 29, the company rating was upgraded by Piper Jaffray. The stock has “Neutral” rating given by Citigroup on Wednesday, April 6. The stock of Lincoln National Corporation (NYSE:LNC) earned “Overweight” rating by Morgan Stanley on Thursday, August 13.
Lincoln National Corporation, incorporated on January 5, 1968, is a holding company, which operates insurance and retirement businesses through its subsidiary companies. The Firm operates in four divisions: Annuities, Retirement Plan Services, Life Insurance and Group Protection. Through its divisions, the Company sells a range of wealth protection, accumulation and retirement income products and solutions. These products include fixed and indexed annuities, variable annuities, universal life insurance (UL), variable universal life insurance (VUL), linked-benefit UL, term life insurance, indexed universal life insurance, employer-sponsored retirement plans and services, and group life, disability and dental.
Another recent and important Lincoln National Corporation (NYSE:LNC) news was published by Investorplace.com which published an article titled: “Buy Lincoln National Corporation (LNC) Stock for 16% Returns” on November 07, 2016.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Clifton Ray