Bullish Options Activity on Lincoln National Corporation Surges After Better Fundamentals

 Bullish Options Activity on Lincoln National Corporation Surges After Better Fundamentals

In today’s session Lincoln National Corporation (LNC) registered an unusually high (171) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious LNC increase. With 171 contracts traded and 4724 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: LNC170120C00055000 closed last at: $0.82 or 1.2% up. About 173,345 shares traded hands. Lincoln National Corporation (NYSE:LNC) has risen 20.42% since March 11, 2016 and is uptrending. It has outperformed by 14.96% the S&P500.

Analysts await Lincoln National Corporation (NYSE:LNC) to report earnings on October, 26. They expect $1.61 EPS, up 45.05% or $0.50 from last year’s $1.11 per share. LNC’s profit will be $369.68M for 7.66 P/E if the $1.61 EPS becomes a reality. After $1.56 actual EPS reported by Lincoln National Corporation for the previous quarter, Wall Street now forecasts 3.21% EPS growth.

Lincoln National Corporation (NYSE:LNC) Ratings Coverage

Out of 11 analysts covering Lincoln National (NYSE:LNC), 4 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 36% are positive. $63 is the highest target while $43 is the lowest. The $54 average target is 9.53% above today’s ($49.3) stock price. Lincoln National has been the topic of 21 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm earned “Sector Perform” rating on Thursday, October 29 by RBC Capital Markets. The firm has “Buy” rating given on Thursday, August 27 by Sandler O’Neill. The rating was downgraded by Goldman Sachs on Friday, July 15 to “Neutral”. Bank of America downgraded the shares of LNC in a report on Wednesday, June 29 to “Neutral” rating. The stock has “Sector Perform” rating given by RBC Capital Markets on Thursday, February 4. As per Thursday, September 10, the company rating was upgraded by Goldman Sachs. The firm has “Market Perform” rating by Wells Fargo given on Friday, September 23. Macquarie Research downgraded the stock to “Neutral” rating in Thursday, April 14 report. The firm has “Neutral” rating by Credit Suisse given on Friday, October 7. Zacks downgraded the shares of LNC in a report on Tuesday, August 4 to “Hold” rating.

According to Zacks Investment Research, “Lincoln National Corp. is a holding company. Through subsidiary companies, the company operates multiple insurance and investment management businesses. Operations are divided into four business segments: Life Insurance and Annuities; Lincoln UK; Reinsurance and; Investment Management.”

Insitutional Activity: The institutional sentiment decreased to 0.81 in Q2 2016. Its down 0.14, from 0.95 in 2016Q1. The ratio worsened, as 41 funds sold all Lincoln National Corporation shares owned while 209 reduced positions. 54 funds bought stakes while 149 increased positions. They now own 177.93 million shares or 9.24% less from 196.04 million shares in 2016Q1.
Gam Holdings Ag owns 10,347 shares or 0.01% of their US portfolio. Tiaa Cref Investment Mngmt Ltd Liability Co reported 1.03 million shares or 0.03% of all its holdings. Us Bancorp De holds 0.05% or 334,107 shares in its portfolio. Fincl Services holds 0.15% of its portfolio in Lincoln National Corporation (NYSE:LNC) for 6,663 shares. Calvert Invest Management, a Maryland-based fund reported 18,459 shares. Architects Inc holds 1,431 shares or 0.02% of its portfolio. Finemark Comml Bank holds 173 shares or 0% of its portfolio. Trexquant Investment Limited Partnership has invested 0.08% of its portfolio in Lincoln National Corporation (NYSE:LNC). Tower Bridge Advisors has 0% invested in the company for 7,550 shares. Victory Mngmt Inc has 0% invested in the company for 19,531 shares. Hightower Ltd accumulated 0% or 7,258 shares. Fred Alger Mngmt last reported 0% of its portfolio in the stock. Blackrock Inc reported 753,278 shares or 0.04% of all its holdings. Twin Tree Mgmt Limited Partnership accumulated 0.02% or 33,231 shares. Louisiana State Employees Retirement Systems holds 0.03% or 15,700 shares in its portfolio.

Insider Transactions: Since August 31, 2016, the stock had 0 buys, and 2 sales for $1.11 million net activity. PITTARD PATRICK S sold $484,540 worth of stock or 10,382 shares. 12,881 Lincoln National Corporation (NYSE:LNC) shares with value of $621,605 were sold by Buckingham Lisa.

Lincoln National Corporation is a holding company, which operates insurance and retirement businesses through subsidiary companies. The company has a market cap of $11.32 billion. The Firm sells a range of wealth protection, accumulation and retirement income products and solutions, through its business divisions. It has a 11.65 P/E ratio. It operates through four divisions: Annuities segment, which offers fixed and variable annuities; Retirement Plan Services segment, which provides employers with retirement plan services and products; Life Insurance segment, which focuses in the creation and protection of wealth through life insurance products, and Group Protection, which offers principally group non-medical insurance products.

LNC Company Profile

Lincoln National Corporation, incorporated on January 5, 1968, is a holding company, which operates insurance and retirement businesses through its subsidiary companies. The Firm operates in four divisions: Annuities, Retirement Plan Services, Life Insurance and Group Protection. Through its divisions, the Company sells a range of wealth protection, accumulation and retirement income products and solutions. These products include fixed and indexed annuities, variable annuities, universal life insurance (UL), variable universal life insurance (VUL), linked-benefit UL, term life insurance, indexed universal life insurance, employer-sponsored retirement plans and services, and group life, disability and dental.

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