Lincoln National Corporation (NYSE:LNC) has tumbled 2.16% during the past week and has dropped 5.56% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.99%. Lincoln National Corporation (NYSE:LNC) has underperformed the index by 6.42% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Lincoln National Corporation (NYSE:LNC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $42.05 and $41.71 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $42.47. The buying momentum continued till the end and the stock did not give up its gains. It closed at $42.11, notching a gain of 0.38% for the day. The total traded volume was 2,106,574 . The stock had closed at $41.95 on the previous day.
The company shares have dropped -29.77% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $61.80 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $43.79 and the 200 Day Moving Average price is recorded at $42.67.
On the companys insider trading activities, The (President – Ins. Sol. and Ann.), of Lincoln National Corp, Konen Mark E had unloaded 16,000 shares at $45.26 per share in a transaction on May 18, 2016. The total value of transaction was $724,160. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. 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 the firm was issued on April 14, 2016. Currently the company Insiders own 1.41% of Lincoln National Corporation shares according to the proxy statements. Institutional Investors own 82.54% of Lincoln National Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 1.71%.
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.