Exxonmobil Investment Management Inc Tx Lowers stake in Lincoln National Corporation (LNC)

Lincoln National Corporation (LNC) : Exxonmobil Investment Management Inc Tx reduced its stake in Lincoln National Corporation by 3.92% during the most recent quarter end. The investment management company now holds a total of 59,441 shares of Lincoln National Corporation which is valued at $2,892,399 after selling 2,426 shares in Lincoln National Corporation , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Lincoln National Corporation makes up approximately 0.06% of Exxonmobil Investment Management Inc Tx’s portfolio.

Other Hedge Funds, Including , Simplex Trading sold out all of its stake in LNC during the most recent quarter. The investment firm sold 2,267 shares of LNC which is valued $110,312.Chevy Chase Trust Holdings reduced its stake in LNC by selling 8,715 shares or 4.26% in the most recent quarter. The Hedge Fund company now holds 196,098 shares of LNC which is valued at $9,624,490. Lincoln National Corporation makes up approx 0.05% of Chevy Chase Trust Holdings’s portfolio. Washington Trust Bank added LNC to its portfolio by purchasing 24 company shares during the most recent quarter which is valued at $1,178.Kempner Capital Management reduced its stake in LNC by selling 1,200 shares or 3.84% in the most recent quarter. The Hedge Fund company now holds 30,034 shares of LNC which is valued at $1,474,069. Lincoln National Corporation makes up approx 1.01% of Kempner Capital Management’s portfolio.

Lincoln National Corporation closed down -0.54 points or -1.10% at $48.66 with 13,09,951 shares getting traded on Friday. Post opening the session at $49.3, the shares hit an intraday low of $48.2875 and an intraday high of $49.3 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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 Initiated by Credit Suisse to “Neutral” on Oct 7, 2016. Lincoln National Corporation was Resumed by Wells Fargo to “Market Perform” on Sep 23, 2016. Lincoln National Corporation was Downgraded by Goldman to ” Neutral” on Jul 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.

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