Economy

Barclays Keeps Rating And Raises Price Target On Lincoln National Corporation (LNC)

Barclays Keeps Rating And Raises Price Target On Lincoln National Corporation (LNC)”

Investors are more bearish on shares of Lincoln National Corporation of late as implied by the rise in short interest. Overall, volume was down 93.64% under the stocks normal daily volume.

Capital Returns Management Llc decreased Lincoln Natl Corp Ind (LNC) stake by 55.08% reported in 2017Q2 SEC filing. SRS Capital Advisors Inc. increased its holdings in shares of Lincoln National Corporation by 15.9% in the 1st quarter. The institutional investor held 58,282 shares of the life insurance company at the end of 2017Q2, valued at $3.94 million, down from 62,995 at the end of the previous reported quarter. On Thursday, April 14 the stock rating was downgraded by Macquarie Research to "Neutral". Sun Life Financial INC now owns 1,656 shares of the financial services provider's stock worth $112,000 after purchasing an additional 1,648 shares in the last quarter. Silvercrest Asset Grp Ltd Llc has 0.01% invested in Lincoln National Corporation (NYSE:LNC). The fund owned 36,791 shares of the financial services provider's stock after buying an additional 33,219 shares during the period. The value of the total investment in Lincoln National Corporation increased from $706,000 to $1,041,000,000 increasing 147,350.4% quarter over quarter. Cypress Cap Mgmt Limited Liability Co has invested 0.19% of its portfolio in Lincoln National Corporation (NYSE:LNC). The firm now has an "equal weight" rating on the financial services provider's stock. France-based Natixis has invested 0.09% in Lincoln National Corporation (NYSE:LNC). If you are viewing this news story on another website, it was copied illegally and republished in violation of U.S. & global trademark and copyright laws. The original version of this piece can be accessed at https://www.dispatchtribunal.com/2017/10/08/profund-advisors-llc-sells-2222-shares-of-lincoln-national-corporation-lnc.html.

Several brokerages recently commented on LNC. Barclays PLC increased their price objective on Lincoln National Corporation from $84.00 to $85.00 and gave the company an "overweight" rating in a report on Friday, August 11th. Citigroup Inc initiated coverage on shares of Lincoln National in a research note on Thursday, January 26th. Morgan Stanley raised their price target on Lincoln National Corporation from $76.00 to $77.00 and gave the stock an "equal weight" rating in a research note on Thursday. Parkwood Limited Liability Corp stated it has 0.05% in Lincoln National Corporation (NYSE:LNC). The stock presently has an average rating of "Buy" and an average target price of $67.75. Also, the Hold rating count is 0, as of 05 Oct 2017.

Trading volume for Lincoln National Corporation was 155K on Friday. Ancora Advsr Ltd Llc stated it has 0.02% in Lincoln National Corporation (NYSE:LNC). The company has a market capitalization of $16.56 billion, a price-to-earnings ratio of 11.39 and a beta of 1.99. The company has a 50-day moving average of $70.11 and a 200 day moving average of $68.28. Lincoln National Corporation announced a dividend for shareholders that was paid on Tuesday the 1st of August 2017.

Analysts expect Lincoln National Corporation (NYSE:LNC) to report $1.83 EPS on November, 1.They anticipate $0.00 EPS change or 0.00 % from last quarter's $1.83 EPS. The California-based Assetmark has invested 0.02% in Lincoln National Corporation (NYSE:LNC). The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.56 billion. During the same period past year, the business posted $1.56 earnings per share. Insiders have sold a total of 361,042 shares of company stock valued at $25,702,035 in the last quarter. On average, equities research analysts forecast that Lincoln National Corporation will post $7.47 EPS for the current year. P Schoenfeld Asset Management Lp sold 79,400 shares as the company's stock rose 0.05% with the market. Stockholders of record on Tuesday, October 10th will be issued a $0.29 dividend. This dividend represents a yield of $1.57. The ex-dividend date of this dividend is Friday, October 6th. $2.06 million worth of Lincoln National Corporation (NYSE:LNC) was sold by MEE MICHAEL F on Tuesday, May 9.

Lincoln National Corporation, launched on January 5, 1968, is a holding company, which operates insurance and retirement businesses through its subsidiary companies. The Firm sells a range of wealth protection, accumulation and retirement income products and solutions, through its business divisions. The Company operates through four segments: Annuities segment, which offers fixed (including indexed) and variable annuities; Retirement Plan Services segment, which provides employers with retirement plan products and services; Life Insurance segment, which focuses on the creation and protection of wealth through life insurance products, and Group Protection, which offers principally group non-medical insurance products.



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