Major Move Is Coming For Lincoln National Corporation After Bullish Options Activity

 Major Move Is Coming For Lincoln National Corporation After Bullish Options Activity

In today’s session Lincoln National Corporation (LNC) registered an unusually high (552) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious LNC increase. With 552 contracts traded and 714 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: LNC161216C00062500 closed last at: $2.01 or 5.8% up. About 126,043 shares traded hands. Lincoln National Corporation (NYSE:LNC) has risen 46.24% since April 20, 2016 and is uptrending. It has outperformed by 41.68% 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. The firm earned “Buy” rating on Thursday, August 27 by Sandler O’Neill. The firm earned “Mkt Perform” rating on Wednesday, November 9 by FBR Capital. The rating was upgraded by Raymond James on Friday, January 22 to “Strong Buy”. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, February 4. The stock of Lincoln National Corporation (NYSE:LNC) earned “Buy” rating by Goldman Sachs on Thursday, September 10. Goldman Sachs downgraded Lincoln National Corporation (NYSE:LNC) rating on Friday, July 15. Goldman Sachs has “Neutral” rating and $46 price target. The firm earned “Overweight” rating on Tuesday, September 29 by Piper Jaffray. The firm earned “Hold” rating on Tuesday, August 4 by Zacks. The stock of Lincoln National Corporation (NYSE:LNC) earned “Overweight” rating by Morgan Stanley on Thursday, August 13. The rating was maintained by RBC Capital Markets with “Sector Perform” on Thursday, October 29.

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 2016 Q2. 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.
Swiss National Bank last reported 675,364 shares in the company. Glenmede Trust Na accumulated 65,638 shares or 0.02% of the stock. State Of Tennessee Treasury Department accumulated 98,549 shares or 0.02% of the stock. Bridges Counsel owns 5,000 shares or 0.05% of their US portfolio. Ajo Ltd Partnership holds 0.45% or 2.64 million shares in its portfolio. Ubs Asset Mgmt Americas last reported 1.55M shares in the company. Private Ocean Llc last reported 0.05% of its portfolio in the stock. Birmingham Al owns 32,600 shares or 0.55% of their US portfolio. Ancora Advsr Lc has 0.05% invested in the company for 10,000 shares. First Lc Ny owns 200 shares or 0% of their US portfolio. Neuberger Berman Group Inc Ltd Llc has invested 0.22% of its portfolio in Lincoln National Corporation (NYSE:LNC). Boothbay Fund Management Llc accumulated 0.12% or 6,616 shares. New York State Common Retirement Fund has 901,230 shares for 0.05% of their US portfolio. Gulf State Bank (Uk) Ltd holds 0.05% of its portfolio in Lincoln National Corporation (NYSE:LNC) for 74,690 shares. Delta Asset Mngmt Ltd Co Tn has 0% invested in the company for 136 shares.

Insider Transactions: Since August 31, 2016, the stock had 0 buys, and 15 selling transactions for $41.16 million net activity. PITTARD PATRICK S had sold 10,382 shares worth $484,540. GLASS DENNIS R also sold $18.18 million worth of Lincoln National Corporation (NYSE:LNC) shares. Shares for $61,613 were sold by Janofsky Christine A on Friday, November 11. 2,648 Lincoln National Corporation (NYSE:LNC) shares with value of $139,057 were sold by Cooper Ellen. $3.07M worth of Lincoln National Corporation (NYSE:LNC) was sold by KONEN MARK E on Wednesday, November 16. $945,002 worth of shares were sold by Freitag Randal J on Thursday, November 10. LACHMAN M LEANNE sold $936,467 worth of stock or 15,842 shares.

Lincoln National Corporation is a holding company, which operates insurance and retirement businesses through subsidiary companies. The company has a market cap of $14.46 billion. The Firm sells a range of wealth protection, accumulation and retirement income products and solutions, through its business divisions. It has a 11.93 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 Investorplace.com which published an article titled: “Buy Lincoln National Corporation (LNC) Stock for 16% Returns” on November 07, 2016.

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