The stock of Lincoln National Corporation (NYSE:LNC) is a huge mover today! About 586,558 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.
The move comes after 9 months positive chart setup for the $15.29B company. It was reported on Dec, 1 by Barchart.com. We have $70.71 PT which if reached, will make NYSE:LNC worth $1.07 billion more.
Analysts await Lincoln National Corporation (NYSE:LNC) to report earnings on February, 1. They expect $1.67 EPS, up 8.44% or $0.13 from last year’s $1.54 per share. LNC’s profit will be $386.28 million for 9.89 P/E if the $1.67 EPS becomes a reality. After $1.83 actual EPS 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. FBR Capital maintained the shares of LNC in a report on Tuesday, October 18 with “Outperform” rating. The firm has “Overweight” rating given on Thursday, August 13 by Morgan Stanley. As per Wednesday, January 13, the company rating was downgraded by Wells Fargo. The stock of Lincoln National Corporation (NYSE:LNC) earned “Buy” rating by Sandler O’Neill on Thursday, August 27. The stock of Lincoln National Corporation (NYSE:LNC) earned “Strong Buy” rating by Raymond James on Friday, January 22. The stock of Lincoln National Corporation (NYSE:LNC) has “Neutral” rating given on Friday, July 15 by Goldman Sachs. The firm has “Overweight” rating by Piper Jaffray given on Tuesday, September 29. Bank of America downgraded the stock to “Neutral” rating in Wednesday, June 29 report. FBR Capital downgraded it to “Mkt Perform” rating and $55 target price in Wednesday, November 9 report. 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 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.
Reliance Com Of Delaware accumulated 0.12% or 41,219 shares. The Florida-based Gyroscope Capital Mgmt Group Incorporated Lc has invested 1.04% in Lincoln National Corporation (NYSE:LNC). Louisiana State Employees Retirement Sys last reported 15,700 shares in the company. Tower Research Limited (Trc) owns 5,704 shares or 0.02% of their US portfolio. Point72 Asia (Hong Kong) has 500 shares for 0.02% of their US portfolio. United Ser Automobile Association reported 153,471 shares or 0.02% of all its holdings. Bessemer reported 22,873 shares or 0% of all its holdings. Rothschild Il has invested 0.05% of its portfolio in Lincoln National Corporation (NYSE:LNC). Trexquant Inv L P holds 15,206 shares or 0.08% of its portfolio. California Pub Employees Retirement Sys has 815,790 shares for 0.05% of their US portfolio. The Michigan-based Asset Management has invested 0.04% in Lincoln National Corporation (NYSE:LNC). Moreover, Blackrock Institutional Tru Na has 0.05% invested in Lincoln National Corporation (NYSE:LNC) for 7.67 million shares. Benin accumulated 6,000 shares or 0.12% of the stock. Paloma Prns Management last reported 0.01% of its portfolio in the stock. Salem Investment Counselors owns 5,275 shares or 0.02% of their US portfolio.
Insider Transactions: Since August 31, 2016, the stock had 0 insider buys, and 17 sales for $42.57 million net activity. 33,000 shares with value of $2.01M were sold by Buckingham Lisa on Wednesday, November 16. Shares for $61,613 were sold by Janofsky Christine A on Friday, November 11. Shares for $321,606 were sold by HENDERSON GEORGE W III on Friday, November 11. 10,382 Lincoln National Corporation (NYSE:LNC) shares with value of $484,540 were sold by PITTARD PATRICK S. 15,842 shares were sold by LACHMAN M LEANNE, worth $936,467 on Friday, November 11. On Thursday, November 10 Freitag Randal J sold $945,002 worth of the stock or 15,966 shares. 7,607 shares with value of $387,380 were sold by KONEN MARK E on Friday, November 4.
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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