The stock of Lincoln National Corporation (NYSE:LNC) is a huge mover today! About 1.23M shares traded hands. Lincoln National Corporation (NYSE:LNC) has risen 21.24% since March 1, 2016 and is uptrending. It has outperformed by 12.00% the S&P500.
The move comes after 5 months positive chart setup for the $11.12 billion company. It was reported on Oct, 4 by Barchart.com. We have $64.26 PT which if reached, will make NYSE:LNC worth $3.89 billion more.
Analysts await Lincoln National Corporation (NYSE:LNC) to report earnings on October, 26. They expect $1.61 earnings per share, up 45.05% or $0.50 from last year’s $1.11 per share. LNC’s profit will be $376.12 million for 7.39 P/E if the $1.61 EPS becomes a reality. After $1.56 actual earnings per share reported by Lincoln National Corporation for the previous quarter, Wall Street now forecasts 3.21% EPS growth.
Lincoln National Corporation (NYSE:LNC) Ratings Coverage
Out of 11 analysts covering Lincoln National (NYSE:LNC), 4 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 36% are positive. Lincoln National has been the topic of 20 analyst reports since August 4, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained Lincoln National Corporation (NYSE:LNC) rating on Thursday, October 29. RBC Capital Markets has “Sector Perform” rating and $59 price target. As per Thursday, April 14, the company rating was downgraded by Macquarie Research. On Thursday, February 4 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The stock has “Market Perform” rating given by Wells Fargo on Friday, September 23. The stock of Lincoln National Corporation (NYSE:LNC) has “Market Perform” rating given on Wednesday, January 13 by Wells Fargo. The rating was upgraded by Raymond James to “Strong Buy” on Friday, January 22. Morgan Stanley upgraded the shares of LNC in a report on Thursday, August 13 to “Overweight” rating. The rating was downgraded by Goldman Sachs to “Neutral” on Friday, July 15. The rating was downgraded by Zacks on Tuesday, August 4 to “Hold”. The company was upgraded on Tuesday, September 29 by Piper Jaffray.
According to Zacks Investment Research, “Lincoln National Corp. is a holding company. Through subsidiary companies, the company operates multiple insurance and investment management businesses. Operations are divided into four business segments: Life Insurance and Annuities; Lincoln UK; Reinsurance and; Investment Management.”
Insitutional Activity: The institutional sentiment decreased to 0.81 in Q2 2016. Its down 0.14, from 0.95 in 2016Q1. The ratio dived, as 41 funds sold all Lincoln National Corporation shares owned while 209 reduced positions. 54 funds bought stakes while 149 increased positions. They now own 177.93 million shares or 9.24% less from 196.04 million shares in 2016Q1.
Texas Permanent School Fund has 77,544 shares for 0.04% of their US portfolio. Fincl Bank Of The West reported 13,098 shares or 0.07% of all its holdings. The Illinois-based Nuveen Asset Management Lc has invested 0% in Lincoln National Corporation (NYSE:LNC). Federated Pa has invested 0% of its portfolio in Lincoln National Corporation (NYSE:LNC). Retirement Of Alabama has invested 0.11% of its portfolio in Lincoln National Corporation (NYSE:LNC). Parkside Finance Bank Tru accumulated 84 shares or 0% of the stock. The Connecticut-based Bridgewater Associate Lp has invested 0.14% in Lincoln National Corporation (NYSE:LNC). Tcw Group Inc Inc reported 17,550 shares or 0.01% of all its holdings. Highland Cap Mngmt last reported 0.28% of its portfolio in the stock. Commonwealth Bancorp Of Australia holds 46,750 shares or 0.02% of its portfolio. Argent Tru Communications holds 22,452 shares or 0.38% of its portfolio. Fdx Advisors holds 24,400 shares or 0.04% of its portfolio. Janus Mngmt Ltd Llc, a Colorado-based fund reported 62,100 shares. Us Natl Bank De has invested 0.05% of its portfolio in Lincoln National Corporation (NYSE:LNC). Herndon Capital Management Lc holds 0% or 22 shares in its portfolio.
Insider Transactions: Since August 31, 2016, the stock had 0 buys, and 2 sales for $1.11 million net activity. On Friday, September 9 PITTARD PATRICK S sold $484,540 worth of the stock or 10,382 shares. Buckingham Lisa had sold 12,881 shares worth $621,605.
Another recent and important Lincoln National Corporation (NYSE:LNC) news was published by Nasdaq.com which published an article titled: “Lincoln National Corporation (LNC) Ex-Dividend Date Scheduled for October 05, 2016” on October 04, 2016.
LNC Company Profile
Lincoln National Corporation, incorporated on January 5, 1968, is a holding company, which operates insurance and retirement businesses through its subsidiary companies. The Firm operates in four divisions: Annuities, Retirement Plan Services, Life Insurance and Group Protection. Through its divisions, the Company sells a range of wealth protection, accumulation and retirement income products and solutions. These products include fixed and indexed annuities, variable annuities, universal life insurance (UL), variable universal life insurance (VUL), linked-benefit UL, term life insurance, indexed universal life insurance, employer-sponsored retirement plans and services, and group life, disability and dental.
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