Price Don’t Lie: Lincoln National Corporation on Focus After Trading At 52-Week Highs

Price Don't Lie: Lincoln National Corporation on Focus After Trading At 52 Week Highs

The stock of Lincoln National Corporation (NYSE:LNC) hit a new 52-week high and has $70.57 target or 7.00% above today’s $65.95 share price. The 6 months bullish chart indicates low risk for the $15.26B company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $70.57 price target is reached, the company will be worth $1.07B 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 1.21M shares traded hands. Lincoln National Corporation (NYSE:LNC) has risen 46.58% since April 28, 2016 and is uptrending. It has outperformed by 40.66% the S&P500.

Analysts await Lincoln National Corporation (NYSE:LNC) to report earnings on February, 1. They expect $1.67 earnings per share, up 8.44% or $0.13 from last year’s $1.54 per share. LNC’s profit will be $386.42 million for 9.87 P/E if the $1.67 EPS becomes a reality. After $1.83 actual earnings per share reported by Lincoln National Corporation for the previous quarter, Wall Street now forecasts -8.74% negative EPS growth.

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 24 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The company was maintained on Wednesday, April 6 by Citigroup. The stock of Lincoln National Corporation (NYSE:LNC) earned “Buy” rating by Goldman Sachs on Thursday, September 10. Zacks downgraded Lincoln National Corporation (NYSE:LNC) on Tuesday, August 4 to “Hold” rating. The firm earned “Buy” rating on Thursday, August 27 by Sandler O’Neill. The stock of Lincoln National Corporation (NYSE:LNC) earned “Strong Buy” rating by Raymond James on Friday, January 22. Wells Fargo downgraded the stock to “Market Perform” rating in Wednesday, January 13 report. The stock of Lincoln National Corporation (NYSE:LNC) has “Overweight” rating given on Thursday, August 13 by Morgan Stanley. The stock of Lincoln National Corporation (NYSE:LNC) has “Neutral” rating given on Friday, October 7 by Credit Suisse. The stock of Lincoln National Corporation (NYSE:LNC) has “Mkt Perform” rating given on Wednesday, November 9 by FBR Capital. The firm earned “Sector Perform” rating on Thursday, February 4 by RBC Capital Markets.

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 is positive, 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.
Jane Street Group Inc Limited Liability Corp holds 0% of its portfolio in Lincoln National Corporation (NYSE:LNC) for 9,094 shares. Cornerstone last reported 0.03% of its portfolio in the stock. Conning last reported 5,887 shares in the company. Old Mutual Global Invsts (Uk), a United Kingdom-based fund reported 1.00 million shares. Savant Cap Limited Liability Corp holds 0.07% or 6,580 shares in its portfolio. Monarch Mngmt last reported 0.09% of its portfolio in the stock. Toronto Dominion Bank reported 1,325 shares or 0% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank) owns 123,053 shares or 0.06% of their US portfolio. Leavell Inv Management holds 12,408 shares or 0.07% of its portfolio. Johnson Grp reported 544 shares or 0% of all its holdings. The New Jersey-based Prudential Fin Inc has invested 0.07% in Lincoln National Corporation (NYSE:LNC). The Georgia-based Suntrust Banks Inc has invested 0.08% in Lincoln National Corporation (NYSE:LNC). Ahl Ptnrs Llp reported 12,527 shares or 0.03% of all its holdings. The Delaware-based Blackrock Advsrs has invested 0.05% in Lincoln National Corporation (NYSE:LNC). Sentinel Communications Lba holds 0.56% or 101,722 shares in its portfolio.

Insider Transactions: Since August 31, 2016, the stock had 0 insider buys, and 17 insider sales for $42.57 million net activity. The insider LACHMAN M LEANNE sold 15,842 shares worth $936,467. GLASS DENNIS R sold $18.18 million worth of stock. KONEN MARK E sold 50,000 shares worth $3.07 million. $139,057 worth of Lincoln National Corporation (NYSE:LNC) shares were sold by Cooper Ellen. $2.01 million worth of Lincoln National Corporation (NYSE:LNC) shares were sold by Buckingham Lisa. $484,540 worth of Lincoln National Corporation (NYSE:LNC) was sold by PITTARD PATRICK S on Friday, September 9. $321,606 worth of Lincoln National Corporation (NYSE:LNC) shares were sold by HENDERSON GEORGE W III.

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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