Lincoln National Corporation (LNC) : Affinity Investment Advisors scooped up 87,274 additional shares in Lincoln National Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 501,869 shares of Lincoln National Corporation which is valued at $22,915,339.Lincoln National Corporation makes up approximately 1.64% of Affinity Investment Advisors’s portfolio.
Other Hedge Funds, Including , Rafferty Asset Management reduced its stake in LNC by selling 7,656 shares or 22.92% in the most recent quarter. The Hedge Fund company now holds 25,742 shares of LNC which is valued at $1,175,380. Lincoln National Corporation makes up approx 0.07% of Rafferty Asset Management’s portfolio.Bnp Paribas Investment Partners S.a. reduced its stake in LNC by selling 1,577 shares or 4.8% in the most recent quarter. The Hedge Fund company now holds 31,248 shares of LNC which is valued at $1,426,784. Lincoln National Corporation makes up approx 0.01% of Bnp Paribas Investment Partners S.a.’s portfolio.Woodstock Corp boosted its stake in LNC in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 76,189 shares of Lincoln National Corporation which is valued at $3,413,267. Lincoln National Corporation makes up approx 0.68% of Woodstock Corp’s portfolio.Agf Investments boosted its stake in LNC in the latest quarter, The investment management firm added 94,025 additional shares and now holds a total of 573,701 shares of Lincoln National Corporation which is valued at $25,701,805. Lincoln National Corporation makes up approx 0.28% of Agf Investments’s portfolio. Cutler Group Lp added LNC to its portfolio by purchasing 1,468 company shares during the most recent quarter which is valued at $60,129.
Lincoln National Corporation opened for trading at $46.05 and hit $46.325 on the upside on Wednesday, eventually ending the session at $46.19, with a gain of 0.20% or 0.09 points. The heightened volatility saw the trading volume jump to 16,26,497 shares. Company has a market cap of $10,753 M.
On the company’s financial health, Lincoln National Corporation reported $1.56 EPS for the quarter, based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus estimate of $1.56. The company had revenue of $3395.00 million for the quarter, compared to analysts expectations of $3449.20 million. The company’s revenue was down -.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.46 EPS.
Many Wall Street Analysts have commented on Lincoln National Corporation. Lincoln National Corporation was Downgraded by Goldman to ” Neutral” on Jul 15, 2016. Lincoln National Corporation was Downgraded by BofA/Merrill to ” Neutral” on Jun 29, 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.