Lincoln National Corporation (LNC) : Argent Capital Management reduced its stake in Lincoln National Corporation by 0.8% during the most recent quarter end. The investment management company now holds a total of 1,001,477 shares of Lincoln National Corporation which is valued at $45,727,440 after selling 8,045 shares in Lincoln National Corporation , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Lincoln National Corporation makes up approximately 1.94% of Argent Capital Management’s portfolio.
Other Hedge Funds, Including , Gerstein Fisher reduced its stake in LNC by selling 2,287 shares or 28.69% in the most recent quarter. The Hedge Fund company now holds 5,685 shares of LNC which is valued at $259,577. Lincoln National Corporation makes up approx 0.03% of Gerstein Fisher’s portfolio. Agf Investments America added LNC to its portfolio by purchasing 18,476 company shares during the most recent quarter which is valued at $827,725. Lincoln National Corporation makes up approx 0.36% of Agf Investments America’s portfolio. Lmr Partners Llp sold out all of its stake in LNC during the most recent quarter. The investment firm sold 6,868 shares of LNC which is valued $299,926. Aviance Capital Management added LNC to its portfolio by purchasing 5,202 company shares during the most recent quarter which is valued at $225,611. Lincoln National Corporation makes up approx 0.01% of Aviance Capital Management’s portfolio.Hartford Investment Management Co reduced its stake in LNC by selling 2,062 shares or 3.31% in the most recent quarter. The Hedge Fund company now holds 60,216 shares of LNC which is valued at $2,616,385. Lincoln National Corporation makes up approx 0.05% of Hartford Investment Management Co’s portfolio.
Lincoln National Corporation opened for trading at $45.59 and hit $46.14 on the upside on Monday, eventually ending the session at $46.08, with a gain of 1.90% or 0.86 points. The heightened volatility saw the trading volume jump to 10,95,420 shares. Company has a market cap of $10,727 M.
On the company’s financial health, Lincoln National Corporation reported $1.56 EPS for the quarter, based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus estimate of $1.56. The company had revenue of $3395.00 million for the quarter, compared to analysts expectations of $3449.20 million. The company’s revenue was down -.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.46 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.
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.