Lincoln National Corporation (LNC) : Wbi Investments added new position in Lincoln National Corporation during the most recent quarter end. The investment management firm now holds 750,553 shares of Lincoln National Corporation which is valued at $46,083,954 , the company said in a statement filed on Nov 14, 2016 with the SEC.Lincoln National Corporation makes up approximately 1.73% of Wbi Investments’s portfolio.
Other Hedge Funds, Including , United Services Automobile Association reduced its stake in LNC by selling 78,846 shares or 51.38% in the most recent quarter. The Hedge Fund company now holds 74,625 shares of LNC which is valued at $4,581,975. Lincoln National Corporation makes up approx 0.02% of United Services Automobile Association’s portfolio.Geode Capital Management boosted its stake in LNC in the latest quarter, The investment management firm added 41,465 additional shares and now holds a total of 2,221,298 shares of Lincoln National Corporation which is valued at $131,101,008. Lincoln National Corporation makes up approx 0.07% of Geode Capital Management’s portfolio.Livingston Group Asset Management Co (operating As Southp… boosted its stake in LNC in the latest quarter, The investment management firm added 3,301 additional shares and now holds a total of 19,021 shares of Lincoln National Corporation which is valued at $928,605. Lincoln National Corporation makes up approx 0.65% of Livingston Group Asset Management Co (operating As Southp…’s portfolio.
Lincoln National Corporation closed down -0.38 points or -0.61% at $62.24 with 20,33,101 shares getting traded on Monday. Post opening the session at $62.46, the shares hit an intraday low of $61.83 and an intraday high of $63.08 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Lincoln National Corporation reported $1.89 EPS for the quarter, beating the analyst consensus estimate by $ 0.28 according to the earnings call on Nov 2, 2016. Analyst had a consensus of $1.61. The company had revenue of $3530.00 million for the quarter, compared to analysts expectations of $3434.91 million. The company’s revenue was down -5.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.65 EPS.
Many Wall Street Analysts have commented on Lincoln National Corporation. FBR & Co. Downgraded Lincoln National Corporation on Nov 9, 2016 to ” Mkt Perform”, Price Target of the shares are set at $55.Company shares were Reiterated by FBR & Co. on Oct 18, 2016 to “Outperform”, Firm has raised the Price Target to $ 55 from a previous price target of $52 .Lincoln National Corporation was Initiated by Credit Suisse to “Neutral” on Oct 7, 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.