Lincoln National Corporation (LNC) : Cornerstone Financial Partners reduced its stake in Lincoln National Corporation by 20.79% during the most recent quarter end. The investment management company now holds a total of 22,857 shares of Lincoln National Corporation which is valued at $1,023,994 after selling 6,001 shares in Lincoln National Corporation , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Lincoln National Corporation makes up approximately 0.36% of Cornerstone Financial Partners’s portfolio.
Other Hedge Funds, Including , Savant Capital reduced its stake in LNC by selling 180 shares or 2.66% in the most recent quarter. The Hedge Fund company now holds 6,580 shares of LNC which is valued at $287,349. Lincoln National Corporation makes up approx 0.08% of Savant Capital’s portfolio.Tiaa Cref Trust Co Fsbmo reduced its stake in LNC by selling 459 shares or 2.33% in the most recent quarter. The Hedge Fund company now holds 19,279 shares of LNC which is valued at $837,673. Lincoln National Corporation makes up approx 0.01% of Tiaa Cref Trust Co Fsbmo’s portfolio.Nisa Investment Advisors boosted its stake in LNC in the latest quarter, The investment management firm added 520 additional shares and now holds a total of 50,923 shares of Lincoln National Corporation which is valued at $2,200,892. Lincoln National Corporation makes up approx 0.03% of Nisa Investment Advisors’s portfolio.
Lincoln National Corporation opened for trading at $45.79 and hit $46.395 on the upside on Monday, eventually ending the session at $46.14, with a gain of 1.38% or 0.63 points. The heightened volatility saw the trading volume jump to 16,85,447 shares. Company has a market cap of $10,741 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.