The stock of Lincoln National Corporation (NYSE:LNC) hit a new 52-week high and has $93.04 target or 47.00% above today’s $63.29 share price. The 9 months bullish chart indicates low risk for the $14.38 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $93.04 price target is reached, the company will be worth $6.76 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 918,653 shares traded hands. Lincoln National Corporation (NYSE:LNC) has risen 48.97% since April 19, 2016 and is uptrending. It has outperformed by 45.11% the S&P500.
Lincoln National Corporation (NYSE:LNC) Ratings Coverage
Out of 12 analysts covering Lincoln National (NYSE:LNC), 4 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 33% are positive. Lincoln National has been the topic of 23 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Sandler O’Neill initiated the shares of LNC in a report on Thursday, August 27 with “Buy” rating. The company was downgraded on Friday, July 15 by Goldman Sachs. Zacks downgraded the shares of LNC in a report on Tuesday, August 4 to “Hold” rating. RBC Capital Markets maintained the shares of LNC in a report on Thursday, February 4 with “Sector Perform” rating. Macquarie Research downgraded Lincoln National Corporation (NYSE:LNC) on Thursday, April 14 to “Neutral” rating. Morgan Stanley upgraded the shares of LNC in a report on Thursday, August 13 to “Overweight” rating. RBC Capital Markets maintained Lincoln National Corporation (NYSE:LNC) on Thursday, October 29 with “Sector Perform” rating. The stock of Lincoln National Corporation (NYSE:LNC) earned “Buy” rating by Goldman Sachs on Thursday, September 10. The rating was initiated by Credit Suisse on Friday, October 7 with “Neutral”. Piper Jaffray upgraded it to “Overweight” rating and $62 target price in Tuesday, September 29 report.
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 increased to 0.82 in Q2 2016. Its up 0.01, from 0.81 in 2016Q1. The ratio improved, 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.
Conning last reported 0.01% of its portfolio in the stock. Joel Isaacson Ltd Liability Corporation has 0% invested in the company for 481 shares. Stewart & Patten Llc accumulated 0.06% or 7,300 shares. Glenmede Tru Na holds 65,638 shares or 0.02% of its portfolio. Balyasny Asset Management Llc has 0.2% invested in the company for 788,583 shares. Morgan Stanley holds 1.12M shares or 0.02% of its portfolio. Lingohr Partner Asset Management Gmbh accumulated 1.16% or 29,800 shares. Synovus Corp holds 0.02% or 21,346 shares in its portfolio. Argent Tru Com holds 0.23% or 18,925 shares in its portfolio. Systematic Mngmt Limited Partnership reported 139,626 shares or 0.07% of all its holdings. Whittier Tru has 2,371 shares for 0% of their US portfolio. Deutsche Retail Bank Ag owns 885,922 shares or 0.02% of their US portfolio. The Texas-based Employees Retirement Systems Of Texas has invested 0.01% in Lincoln National Corporation (NYSE:LNC). Sanders Ltd Liability Corporation has 0.32% invested in the company for 1.01 million shares. Intll Group holds 100,878 shares or 0% of its portfolio.
Insider Transactions: Since August 31, 2016, the stock had 0 insider buys, and 15 selling transactions for $41.16 million net activity. LACHMAN M LEANNE had sold 15,842 shares worth $936,467. HENDERSON GEORGE W III had sold 5,499 shares worth $321,606. KONEN MARK E sold $387,380 worth of Lincoln National Corporation (NYSE:LNC) on Friday, November 4. 12,881 shares were sold by Buckingham Lisa, worth $621,605. GLASS DENNIS R also sold $18.18M worth of Lincoln National Corporation (NYSE:LNC) on Monday, November 7. $945,002 worth of Lincoln National Corporation (NYSE:LNC) shares were sold by Freitag Randal J. $139,057 worth of Lincoln National Corporation (NYSE:LNC) was sold by Cooper Ellen on Tuesday, November 8.
Another recent and important Lincoln National Corporation (NYSE:LNC) news was published by Investorplace.com which published an article titled: “Buy Lincoln National Corporation (LNC) Stock for 16% Returns” on November 07, 2016.
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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