Lincoln National Corporation (LNC) reported quarterly earnings results on Wednesday, May-4-2016. The company reported $1.25 earnings per share for the quarter, missing the analyst consensus estimate by $-0.24. Analysts had a consensus of $1.49. The company posted revenue of $3243.00 million in the period, compared to analysts expectations of $3460.72 million. The company’s revenue was down -1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.35 EPS.
Many Wall Street Analysts have commented on Lincoln National Corporation. Lincoln National Corporation was Downgraded by Macquarie to ” Neutral” on Apr 14, 2016.
Lincoln National Corporation opened for trading at $43.56 and hit $44.21 on the upside on Monday, eventually ending the session at $44.13, with a gain of 1.57% or 0.68 points. The heightened volatility saw the trading volume jump to 16,59,947 shares. Company has a market cap of $10,633 M.
In a different news, on Mar 16, 2016, Douglas N Miller (SVP & CAO) sold 6,960 shares at $40.03 per share price. According to the SEC, on Nov 10, 2015, Randal J Freitag (EVP & CFO) sold 8,065 shares at $56.97 per share price. On Nov 2, 2015, Lisa Buckingham (EVP & CHRO) sold 13,000 shares at $53.40 per share price, according to the Form-4 filing with the securities and exchange commission.
Lincoln National Corporation is a holding company which operates multiple insurance and retirement businesses through subsidiary companies. The Company sells a range of wealth protection accumulation and retirement income products and solutions through its business segments. These products include fixed and indexed annuities variable annuities universal life insurance variable universal life insurance linked-benefit UL term life insurance indexed universal life insurance employer-sponsored retirement plans and services and group life disability and dental. It operates in four segments: Annuities offers fixed (including indexed) and variable annuities. Retirement Plan Services provides employers with retirement plan products and services. Life Insurance focuses in the creation and protection of wealth through life insurance products. Group Protection offers principally group non-medical insurance products.