Lincoln National Corp (LNC) Files Form 4 Insider Selling : Mark E Konen Sells 16,000 Shares

Lincoln National Corp (LNC): Mark E Konen , President – Ins. Sol. and Ann. of Lincoln National Corp sold 16,000 shares on May 18, 2016. The Insider selling transaction was reported by the company on May 19, 2016 to the Securities and Exchange Commission. The shares were sold at $45.26 per share for a total value of $724,073.62 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 16, 2016, Douglas N Miller (SVP & CAO) sold 6,960 shares at $40.03 per share price.On Nov 10, 2015, Randal J Freitag (EVP & CFO) sold 8,065 shares at $56.97 per share price.Also, On Nov 2, 2015, Lisa Buckingham (EVP & CHRO) sold 13,000 shares at $53.40 per share price.On Jun 12, 2015, Mark E Konen (President – Ins. Sol. and Ann.) sold 12,500 shares at $61.70 per share price.

Shares of Lincoln National Corporation (LNC) ended Thursday, May 19, 2016 session in red amid volatile trading. The shares closed down -0.69 points or -1.53% at $44.38 with 24,99,400 shares getting traded. Post opening the session at $44.77, the shares hit an intraday low of $43.92 and an intraday high of $45.28 and the price vacillated in this range throughout the day. The company has a market cap of $10,607 M and the number of outstanding shares has been calculated to be 23,90,07,140 shares. The 52-week high of Lincoln National Corporation is $62.08 and the 52-week low is $30.39.

Lincoln National Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.Lincoln National Corporation is Reiterated by Barclays to Overweight while Lowering the Price Target of the company shares to $ 49 from a previous price target of $51 . The Rating was issued on May 5, 2016.Lincoln National Corporation is Downgraded by Macquarie to Neutral. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued 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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