Cipher Capital Lp buys $9,862,075 stake in Lincoln National Corporation (LNC)

Lincoln National Corporation (LNC) : Cipher Capital Lp scooped up 108,887 additional shares in Lincoln National Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 218,091 shares of Lincoln National Corporation which is valued at $9,862,075.Lincoln National Corporation makes up approximately 0.65% of Cipher Capital Lp’s portfolio.

Other Hedge Funds, Including , Advisors Capital Management reduced its stake in LNC by selling 35,672 shares or 28.19% in the most recent quarter. The Hedge Fund company now holds 90,877 shares of LNC which is valued at $4,109,458. Lincoln National Corporation makes up approx 0.40% of Advisors Capital Management’s portfolio.Keybank National Associationoh reduced its stake in LNC by selling 22,351 shares or 6.06% in the most recent quarter. The Hedge Fund company now holds 346,383 shares of LNC which is valued at $15,663,439. Lincoln National Corporation makes up approx 0.10% of Keybank National Associationoh’s portfolio.Schooner Investment Group. reduced its stake in LNC by selling 2,500 shares or 50.0% in the most recent quarter. The Hedge Fund company now holds 2,500 shares of LNC which is valued at $114,150. Lincoln National Corporation makes up approx 0.27% of Schooner Investment Group.’s portfolio.New Amsterdam Partnersny reduced its stake in LNC by selling 2,264 shares or 25.84% in the most recent quarter. The Hedge Fund company now holds 6,497 shares of LNC which is valued at $291,066. Lincoln National Corporation makes up approx 0.07% of New Amsterdam Partnersny’s portfolio.Aberdeen Asset Management Plcuk reduced its stake in LNC by selling 988 shares or 1.37% in the most recent quarter. The Hedge Fund company now holds 71,298 shares of LNC which is valued at $3,194,150. Lincoln National Corporation makes up approx 0.01% of Aberdeen Asset Management Plcuk’s portfolio.

Lincoln National Corporation opened for trading at $45.96 and hit $46.45 on the upside on Tuesday, eventually ending the session at $45.92, with a gain of 0.59% or 0.27 points. The heightened volatility saw the trading volume jump to 13,94,543 shares. Company has a market cap of $10,690 M.

On the company’s financial health, Lincoln National Corporation reported $1.56 EPS for the quarter, based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus estimate of $1.56. The company had revenue of $3395.00 million for the quarter, compared to analysts expectations of $3449.20 million. The company’s revenue was down -.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.46 EPS.

Investors should note that on Aug 11, 2016, Lincoln National Corporation announced a cash dividend of $0.2500. The company’s management has announced Oct 6, 2016 as the ex-dividend date and fixed the record date on Oct 10, 2016. The payable date has been fixed on Nov 1, 2016.

Many Wall Street Analysts have commented on Lincoln National Corporation. Lincoln National Corporation was Downgraded by Goldman to ” Neutral” on Jul 15, 2016. Lincoln National Corporation was Downgraded by BofA/Merrill to ” Neutral” on Jun 29, 2016.

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.

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