Lincoln National Corporation (LNC) : First Mercantile Trust Co reduced its stake in Lincoln National Corporation by 4.84% during the most recent quarter end. The investment management company now holds a total of 40,275 shares of Lincoln National Corporation which is valued at $1,959,782 after selling 2,050 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 0.26% of First Mercantile Trust Co’s portfolio.
Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx reduced its stake in LNC by selling 2,426 shares or 3.92% in the most recent quarter. The Hedge Fund company now holds 59,441 shares of LNC which is valued at $2,892,399. Lincoln National Corporation makes up approx 0.06% of Exxonmobil Investment Management Inc Tx’s portfolio.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.Telemus Capital boosted its stake in LNC in the latest quarter, The investment management firm added 4,738 additional shares and now holds a total of 12,698 shares of Lincoln National Corporation which is valued at $623,218. Lincoln National Corporation makes up approx 0.07% of Telemus Capital’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.
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.