Bristol Gate Capital Partners buys $26.7 Million stake in Lincoln National Corporation (LNC)

Lincoln National Corporation (LNC) : Bristol Gate Capital Partners scooped up 186,439 additional shares in Lincoln National Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 626,591 shares of Lincoln National Corporation which is valued at $26.7 Million.Lincoln National Corporation makes up approximately 5.03% of Bristol Gate Capital Partners’s portfolio.

Other Hedge Funds, Including , True Private Wealth Advisors sold out all of its stake in LNC during the most recent quarter. The investment firm sold 4,593 shares of LNC which is valued $195,616.Blackrock Advisors reduced its stake in LNC by selling 305,210 shares or 15.68% in the most recent quarter. The Hedge Fund company now holds 1,640,750 shares of LNC which is valued at $69.9 Million. Lincoln National Corporation makes up approx 0.08% of Blackrock Advisors’s portfolio.Massmutual Trust Co Fsbadv reduced its stake in LNC by selling 73 shares or 0.26% in the most recent quarter. The Hedge Fund company now holds 28,486 shares of LNC which is valued at $1.2 Million. Lincoln National Corporation makes up approx 0.16% of Massmutual Trust Co Fsbadv’s portfolio. Formulafolio Investments added LNC to its portfolio by purchasing 20,777 company shares during the most recent quarter which is valued at $884,892. Lincoln National Corporation makes up approx 0.15% of Formulafolio Investments’s portfolio. Cambridge Investment Research Advisors sold out all of its stake in LNC during the most recent quarter. The investment firm sold 4,980 shares of LNC which is valued $206,272.

Lincoln National Corporation opened for trading at $42.72 and hit $43.57 on the upside on Monday, eventually ending the session at $43.14, with a gain of 1.29% or 0.55 points. The heightened volatility saw the trading volume jump to 19,12,035 shares. Company has a market cap of $10,311 M.

On the company’s financial health, Lincoln National Corporation reported $1.25 EPS for the quarter, missing the analyst consensus estimate by $ -0.24 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $1.49. The company had revenue of $3243.00 million for the quarter, 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. Shares were Reiterated by Barclays on May 5, 2016 to “Overweight” and Lowered the Price Target to $ 49 from a previous price target of $51 .Lincoln National Corporation was Downgraded by Macquarie to ” Neutral” on Apr 14, 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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