Lincoln National Corporation (LNC) : Sentinel Trust Co Lba reduced its stake in Lincoln National Corporation by 15.2% during the most recent quarter end. The investment management company now holds a total of 101,722 shares of Lincoln National Corporation which is valued at $4,417,786 after selling 18,236 shares in Lincoln National Corporation , the firm said in a disclosure report filed with the SEC on Jul 18, 2016.Lincoln National Corporation makes up approximately 0.62% of Sentinel Trust Co Lba’s portfolio.
Other Hedge Funds, Including , North American Management Corp reduced its stake in LNC by selling 600 shares or 8.36% in the most recent quarter. The Hedge Fund company now holds 6,575 shares of LNC which is valued at $285,552. Lincoln National Corporation makes up approx 0.05% of North American Management Corp’s portfolio.Deroy Devereaux Private Investment Counsel Inc boosted its stake in LNC in the latest quarter, The investment management firm added 6,000 additional shares and now holds a total of 40,450 shares of Lincoln National Corporation which is valued at $1,656,832. Lincoln National Corporation makes up approx 0.21% of Deroy Devereaux Private Investment Counsel Inc’s portfolio.Creative Planning boosted its stake in LNC in the latest quarter, The investment management firm added 70,503 additional shares and now holds a total of 103,725 shares of Lincoln National Corporation which is valued at $4,248,576. Lincoln National Corporation makes up approx 0.03% of Creative Planning’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in LNC by selling 62,970 shares or 57.48% in the most recent quarter. The Hedge Fund company now holds 46,581 shares of LNC which is valued at $1,811,069. Lincoln National Corporation makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.
Lincoln National Corporation opened for trading at $43.51 and hit $43.66 on the upside on Wednesday, eventually ending the session at $43.43, with a gain of 0.28% or 0.12 points. The heightened volatility saw the trading volume jump to 16,27,139 shares. Company has a market cap of $10,380 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. Lincoln National Corporation was Downgraded by Goldman to ” Neutral” on Jul 15, 2016. Lincoln National Corporation was Downgraded by BofA/Merrill to ” Neutral” on Jun 29, 2016. 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 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.