Macquarie Downgrades Lincoln National Corporation to Neutral

Brokerage firm Macquarie Downgrades its rating on Lincoln National Corporation(NYSE:LNC). The shares have been rated Neutral. Previously, the analysts had a Outperform rating on the shares. The rating by Macquarie was issued on Apr 14, 2016.

In a different note, On Feb 8, 2016, FBR Capital said it Maintains its rating on Lincoln National Corporation. In the research note, the firm Lowers the price-target to $60.00 per share. The shares have been rated ‘Outperform’ by the firm. On Feb 4, 2016, Barclays said it Maintains its rating on Lincoln National Corporation. In the research note, the firm Lowers the price-target to $64.00 per share. The shares have been rated ‘Overweight’ by the firm. On Feb 4, 2016, Macquarie said it Maintains its rating on Lincoln National Corporation. In the research note, the firm Lowers the price-target to $63.00 per share. The shares have been rated ‘Outperform’ by the firm. On Jan 22, 2016, Raymond James said it Upgrades its rating on Lincoln National Corporation. The shares have been rated ‘Strong Buy’ by the firm.

Lincoln National Corporation (LNC) made into the market gainers list on Mondays trading session with the shares advancing 0.79% or 0.32 points. Due to strong positive momentum, the stock ended at $41.02, which is also near the day’s high of $41.05. The stock began the session at $40.48 and the volume stood at 11,55,584 shares. The 52-week high of the shares is $62.08 and the 52 week low is $30.39. The company has a current market capitalization of $9,884 M and it has 24,09,56,840 shares in outstanding.

Lincoln National Corporation(LNC) last announced its earnings results on Feb 3, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $3.35B. Analysts had an estimated revenue of $3.38B. Earnings per share were $1.54. Analysts had estimated an EPS of $1.56.

Several Insider Transactions has been reported to the SEC. On Mar 16, 2016, Douglas N Miller (SVP & CAO) sold 6,960 shares at $40.03 per share price.Also, 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.

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