Lincoln National Corporation (LNC) has risen sharply, recording gains of 5.93% in the past 4 weeks. However, the stock has corrected -0.64% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.84% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.83% and the 50-Day Moving Average is 7.02%. Lincoln National Corporation (NYSE:LNC): On Fridays trading session , Opening price of the stock was $45.01 with an intraday high of $45.34. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $44.68. However, the stock managed to close at $45.22, a loss of 0.96% for the day. On the previous day, the stock had closed at $45.66. The total traded volume of the day was 1,093,822 shares.
The company Insiders own 1.41% of Lincoln National Corporation shares according to the proxy statements. Institutional Investors own 77.08% of Lincoln National Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -38.84%. Also, Brokerage firm Goldman Sachs downgrades its rating on Lincoln National Corporation (NYSE:LNC). As per the latest information, the brokerage house lowers the price target to $46 per share from a prior target of $51. The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on July 15, 2016.
Lincoln National Corporation is a holding company, which operates multiple insurance and retirement businesses through subsidiary companies. The Company sells a range of wealth protection, accumulation and retirement income products and solutions, through its business segments. These products include fixed and indexed annuities, variable annuities, universal life insurance, variable universal life insurance, linked-benefit UL, term life insurance, indexed universal life insurance, employer-sponsored retirement plans and services, and group life, disability and dental. It operates in four segments: Annuities offers fixed (including indexed) and variable annuities. Retirement Plan Services provides employers with retirement plan products and services. Life Insurance focuses in the creation and protection of wealth through life insurance products. Group Protection offers principally group non-medical insurance products.