Lincoln National Corporation (LNC) : Phillips Financial Management reduced its stake in Lincoln National Corporation by 30.07% during the most recent quarter end. The investment management company now holds a total of 24,905 shares of Lincoln National Corporation which is valued at $1,137,162 after selling 10,711 shares in Lincoln National Corporation , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Lincoln National Corporation makes up approximately 0.30% of Phillips Financial Management’s portfolio.
Other Hedge Funds, Including , Formulafolio Investments sold out all of its stake in LNC during the most recent quarter. The investment firm sold 20,777 shares of LNC which is valued $948,678.Tocqueville Asset Management reduced its stake in LNC by selling 1,500 shares or 19.23% in the most recent quarter. The Hedge Fund company now holds 6,300 shares of LNC which is valued at $275,121.Gulf International Bank (uk) Ltd reduced its stake in LNC by selling 400 shares or 0.53% in the most recent quarter. The Hedge Fund company now holds 74,690 shares of LNC which is valued at $3,059,302. Lincoln National Corporation makes up approx 0.05% of Gulf International Bank (uk) Ltd’s portfolio.
Lincoln National Corporation opened for trading at $45.59 and hit $46.14 on the upside on Monday, eventually ending the session at $46.08, with a gain of 1.90% or 0.86 points. The heightened volatility saw the trading volume jump to 10,95,420 shares. Company has a market cap of $10,727 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.