Lincoln National Corporation (LNC) has been under a strong bear grip, hence the stock is down -2.87% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 8.18% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 9.8% in the last 1 week, and is up 1.38% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 7.45% and the 50-Day Moving Average is 1.45%.
Lincoln National Corporation (NYSE:LNC): The stock opened at $43.03 on Friday but the bulls could not build on the opening and the stock topped out at $43.34 for the day. The stock traded down to $42.13 during the day, due to lack of any buying support eventually closed down at $42.69 with a loss of -0.42% for the day. The stock had closed at $42.87 on the previous day. The total traded volume was 2,943,696 shares.
The company Insiders own 1.41% of Lincoln National Corporation shares according to the proxy statements. Institutional Investors own 82.1% of Lincoln National Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 1.71%. In a related news, Konen Mark E, (President – Ins. Sol. and Ann.) of Lincoln National Corp, unloaded 16,000 shares at an average price of $45.26 on May 18, 2016. The total amount of the transaction was worth $724,160, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.