Lincoln National Corporation Just Recorded A Sigfniciant Bearish Options Activity

 Lincoln National Corporation Just Recorded A Sigfniciant Bearish Options Activity

In today’s session Lincoln National Corporation (LNC) recorded an unusually high (3,068) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious LNC decrease. With 3,068 contracts traded and 8084 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: LNC161118P00047500 closed last at: $0.64 or 48.8% up. About 792,725 shares traded hands. Lincoln National Corporation (NYSE:LNC) has risen 30.33% since April 5, 2016 and is uptrending. It has outperformed by 28.37% the S&P500.

Lincoln National Corporation (NYSE:LNC) Ratings Coverage

Out of 12 analysts covering Lincoln National (NYSE:LNC), 5 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 42% are positive. $63 is the highest target while $43 is the lowest. The $54.11 average target is 3.68% above today’s ($52.19) stock price. Lincoln National has been the topic of 22 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Goldman Sachs downgraded the shares of LNC in a report on Friday, July 15 to “Neutral” rating. Piper Jaffray upgraded the shares of LNC in a report on Tuesday, September 29 to “Overweight” rating. The rating was initiated by Wells Fargo with “Market Perform” on Friday, September 23. The firm has “Hold” rating given on Tuesday, August 4 by Zacks. On Friday, October 7 the stock rating was initiated by Credit Suisse with “Neutral”. On Friday, January 22 the stock rating was upgraded by Raymond James to “Strong Buy”. On Thursday, August 27 the stock rating was initiated by Sandler O’Neill with “Buy”. The rating was maintained by RBC Capital Markets on Thursday, October 29 with “Sector Perform”. The company was maintained on Tuesday, October 18 by FBR Capital. The rating was downgraded by Wells Fargo on Wednesday, January 13 to “Market Perform”.

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 2016 Q2. 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.
Daiwa Group Inc has 0% invested in the company for 5,849 shares. Jfs Wealth Llc holds 0% or 240 shares in its portfolio. Joel Isaacson And Limited Liability Corporation holds 0% of its portfolio in Lincoln National Corporation (NYSE:LNC) for 481 shares. Westpac Banking, a Australia-based fund reported 78,849 shares. Marshall Wace Limited Liability Partnership accumulated 0.04% or 114,476 shares. Global X Management Ltd Liability last reported 0% of its portfolio in the stock. Allsquare Wealth Mngmt Llc has 0.01% invested in the company for 291 shares. Trexquant Invest Lp accumulated 0.08% or 15,206 shares. Geode Management Limited last reported 0.05% of its portfolio in the stock. Fmr Lc has 0.05% invested in the company for 8.90 million shares. Toronto Dominion Retail Bank, a Ontario – Canada-based fund reported 1,325 shares. High Point Savings Bank has 10,200 shares for 0.11% of their US portfolio. Moreover, Winton Gru Ltd has 0.13% invested in Lincoln National Corporation (NYSE:LNC) for 205,583 shares. Alliancebernstein Lp, a New York-based fund reported 441,454 shares. Fiera Capital Corp holds 42,900 shares or 0.01% of its portfolio.

Insider Transactions: Since August 31, 2016, the stock had 0 insider buys, and 2 sales for $1.11 million net activity. PITTARD PATRICK S sold $484,540 worth of Lincoln National Corporation (NYSE:LNC) on Friday, September 9. Buckingham Lisa had sold 12,881 shares worth $621,605 on Wednesday, August 31.

Lincoln National Corporation is a holding company, which operates insurance and retirement businesses through subsidiary companies. The company has a market cap of $12.37 billion. The Firm sells a range of wealth protection, accumulation and retirement income products and solutions, through its business divisions. It has a 9.78 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.

Another recent and important Lincoln National Corporation (NYSE:LNC) news was published by which published an article titled: “Buy Lincoln National Corporation (LNC) Stock for 16% Returns” on November 07, 2016.

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