Lincoln National Corporation (LNC) stock is expected to deviate a maximum of $4.75 from the average target price of $50.63 for the short term period. 8 Street Experts have initiated coverage on the stock with the most promising target being $59 and the most muted being $44.
Lincoln National Corporation (LNC), A reduction of 2,145,988 shares or 35.3% was observed in the short interest of Lincoln National The interest on June 30,2016 came in at 3,932,947 shares and as per the average daily trading of 2,838,430 shares, the days to cover are 1. The reduced interest is 1.7% of the floated shares. The data of June 15,2016 put the interest at 6,078,935 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Equity analysts at the Brokerage firm Citigroup maintains its rating on Lincoln National Corporation (NYSE:LNC). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at Citigroup lowers the price target from $46 per share to $44 per share. The rating by the firm was issued on July 7, 2016.
Lincoln National Corporation (NYSE:LNC): stock turned positive on Thursday. Though the stock opened at $42.17, the bulls momentum made the stock top out at $42.96 level for the day. The stock recorded a low of $41.76 and closed the trading day at $42.87, in the green by 4.66%. The total traded volume for the day was 3,834,980. The stock had closed at $40.96 in the previous days trading.
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.