Lincoln National Corporation (LNC) was Resumed by Wells Fargo to “Market Perform”. Wells Fargo advised their investors in a research report released on Sep 23, 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.
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.
Lincoln National Corporation closed down -0.51 points or -1.08% at $46.65 with 19,85,424 shares getting traded on Thursday. Post opening the session at $47.37, the shares hit an intraday low of $46.35 and an intraday high of $47.52 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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.
In a different news, on Aug 31, 2016, Lisa Buckingham (EVP & CHRO) sold 12,881 shares at $48.26 per share price. According to the SEC, on May 19, 2016, Mark E Konen (President – Ins. Sol. and Ann.) sold 16,000 shares at $45.26 per share price. On Mar 16, 2016, Douglas N Miller (SVP & CAO) sold 6,960 shares at $40.03 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.