November 23, 2016 - By Peter Erickson
The insider, and Lincoln National Corp’s shareholder, George Henderson, unloaded 16,599 company shares on November 22, 2016, worth approximately $1,056,968 (at $63.7 for a share). In the last month, he also unloaded 5,499 shares worth about $321,606 USD. The probability of this sell remaining undiscovered is extremely low, with the shareholder today having rights to 30,159 shares —- that is 0.01% of the total market cap of Lincoln National Corp. The trade, dated November 22, 2016, is recorded on a report submitted with the Security Exchange Commission and is on hand here.
Out of 12 analysts covering Lincoln National (NYSE:LNC), 4 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 33% are positive. $63 is the highest target while $43 is the lowest. The $54.11 average target is -14.99% below today’s ($63.65) stock price. Lincoln National has been the topic of 23 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock has “Mkt Perform” rating given by FBR Capital on Wednesday, November 9. As per Tuesday, September 29, the company rating was upgraded by Piper Jaffray. The stock of Lincoln National Corporation (NYSE:LNC) earned “Neutral” rating by Credit Suisse on Friday, October 7. On Tuesday, October 18 the stock rating was maintained by FBR Capital with “Outperform”. The firm has “Neutral” rating given on Thursday, April 14 by Macquarie Research. The firm earned “Neutral” rating on Wednesday, June 29 by Bank of America. The stock has “Hold” rating given by Zacks on Tuesday, August 4. Goldman Sachs downgraded Lincoln National Corporation (NYSE:LNC) on Friday, July 15 to “Neutral” rating. Morgan Stanley upgraded Lincoln National Corporation (NYSE:LNC) on Thursday, August 13 to “Overweight” rating. Wells Fargo initiated the stock with “Market Perform” rating in Friday, September 23 report.
Insitutional Activity: The institutional sentiment increased to 0.82 in 2016 Q2. Its up 0.01, from 0.81 in 2016Q1. The ratio is positive, 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.
National Pension Ser has 0.07% invested in the company for 204,072 shares. Barclays Public Ltd Liability, a United Kingdom-based fund reported 179,156 shares. Finemark Bancorp And Tru holds 173 shares or 0% of its portfolio. Winton Capital Gru Limited has 0.13% invested in the company for 205,583 shares. Pnc Financial Services Gru Inc has 518,797 shares for 0.02% of their US portfolio. Dnb Asset Management As accumulated 26,050 shares or 0% of the stock. Bokf Na has 0.02% invested in the company for 13,026 shares. Zurcher Kantonalbank (Zurich Cantonalbank), a Switzerland-based fund reported 123,053 shares. Guardian Life Insur Com Of America has 898 shares for 0% of their US portfolio. Ig Investment Management Limited reported 65,305 shares or 0.01% of all its holdings. Advisor Ltd Limited Liability Company holds 6,104 shares or 0.08% of its portfolio. Timber Hill Limited Liability Corporation accumulated 12,229 shares or 0% of the stock. Ajo Lp reported 2.64 million shares or 0.45% of all its holdings. Ftb Advsrs, a Tennessee-based fund reported 344 shares. Teachers Advisors accumulated 400,106 shares or 0.03% of the stock.
Insider Transactions: Since August 31, 2016, the stock had 0 insider purchases, and 15 selling transactions for $41.16 million net activity. 10,728 shares were sold by TIDWELL ISAIAH, worth $664,123 on Thursday, November 17. 5,499 shares with value of $321,606 were sold by HENDERSON GEORGE W III on Friday, November 11. Buckingham Lisa sold $621,605 worth of Lincoln National Corporation (NYSE:LNC) on Wednesday, August 31. Cooper Ellen also sold $139,057 worth of Lincoln National Corporation (NYSE:LNC) shares. 154,000 shares were sold by KONEN MARK E, worth $9.03 million. On Friday, November 11 the insider Janofsky Christine A sold $61,613. LACHMAN M LEANNE sold $936,467 worth of Lincoln National Corporation (NYSE:LNC) on Friday, November 11.
The stock increased 0.73% or $0.46 during the last trading session, hitting $63.65. About 1.51 million shares traded hands. Lincoln National Corporation (NYSE:LNC) has risen 46.24% since April 20, 2016 and is uptrending. It has outperformed by 41.68% the S&P500.
Lincoln National Corporation is a holding company, which operates insurance and retirement businesses through subsidiary companies. The company has a market cap of $14.77 billion. The Firm sells a range of wealth protection, accumulation and retirement income products and solutions, through its business divisions. It has a 11.93 P/E ratio. It operates through four divisions: Annuities segment, which offers fixed and variable annuities; Retirement Plan Services segment, which provides employers with retirement plan services and products; Life Insurance segment, which focuses in the creation and protection of wealth through life insurance products, and Group Protection, which offers principally group non-medical insurance products.
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.”
Another recent and important Lincoln National Corporation (NYSE:LNC) news was published by Investorplace.com which published an article titled: “Buy Lincoln National Corporation (LNC) Stock for 16% Returns” on November 07, 2016.
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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