Diversified Trust Co buys $2,310,537 stake in Lincoln National Corporation (LNC)

Lincoln National Corporation (LNC) : Diversified Trust Co scooped up 810 additional shares in Lincoln National Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 53,275 shares of Lincoln National Corporation which is valued at $2,310,537.Lincoln National Corporation makes up approximately 0.31% of Diversified Trust Co’s portfolio.

Other Hedge Funds, Including , Calamos Advisors boosted its stake in LNC in the latest quarter, The investment management firm added 29 additional shares and now holds a total of 77,735 shares of Lincoln National Corporation which is valued at $3,371,367. Lincoln National Corporation makes up approx 0.03% of Calamos Advisors’s portfolio.Kanaly Trust Co boosted its stake in LNC in the latest quarter, The investment management firm added 124 additional shares and now holds a total of 411 shares of Lincoln National Corporation which is valued at $17,858.Acadian Asset Management boosted its stake in LNC in the latest quarter, The investment management firm added 41,085 additional shares and now holds a total of 48,007 shares of Lincoln National Corporation which is valued at $2,084,944. Lincoln National Corporation makes up approx 0.01% of Acadian Asset Management’s portfolio.Breton Hill Capital Ltd. reduced its stake in LNC by selling 616 shares or 1.75% in the most recent quarter. The Hedge Fund company now holds 34,646 shares of LNC which is valued at $1,419,100. Lincoln National Corporation makes up approx 0.44% of Breton Hill Capital Ltd.’s portfolio.Lau Associates reduced its stake in LNC by selling 1,000 shares or 4.13% in the most recent quarter. The Hedge Fund company now holds 23,200 shares of LNC which is valued at $902,016. Lincoln National Corporation makes up approx 0.94% of Lau Associates’s portfolio.

Lincoln National Corporation closed down -0.04 points or -0.09% at $43.67 with 12,37,690 shares getting traded on Friday. Post opening the session at $43.37, the shares hit an intraday low of $43.21 and an intraday high of $43.86 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

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