Lincoln National Corporation (LNC) : Traders are bullish on Lincoln National Corporation (LNC) as it has outperformed the S&P 500 by a wide margin of 5.12% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.42%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.39% in the last 1 week, and is up 5.52% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Lincoln National Corporation is up 3.51% in the last 3-month period. Year-to-Date the stock performance stands at -7.07%. The stock has recorded a 20-day Moving Average of 2.71% and the 50-Day Moving Average is 8.33%.
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 $45.41 and $45.32 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $45.98. The buying momentum continued till the end and the stock did not give up its gains. It closed at $45.85, notching a gain of 0.48% for the day. The total traded volume was 1,501,834 . The stock had closed at $45.63 on the previous day.
Also, Goldman Sachs downgrades its view on Lincoln National Corporation (NYSE:LNC) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. Goldman Sachs lowers the price target from $51 per share to $46 per share on Lincoln National Corporation. The rating by the firm was issued on July 15, 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.